Matador Resources (NYSE:MTDR) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lessened its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 85.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,819 shares of the energy company's stock after selling 22,198 shares during the period. AlphaQuest LLC's holdings in Matador Resources were worth $215,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Personal CFO Solutions LLC purchased a new stake in Matador Resources during the 4th quarter worth approximately $293,000. Jackson Creek Investment Advisors LLC grew its position in Matador Resources by 9.3% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 26,580 shares of the energy company's stock worth $1,495,000 after purchasing an additional 2,268 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in Matador Resources during the 4th quarter worth approximately $252,000. Raymond James Financial Inc. purchased a new stake in Matador Resources during the 4th quarter worth approximately $22,509,000. Finally, Arizona State Retirement System grew its position in Matador Resources by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,413 shares of the energy company's stock worth $1,936,000 after purchasing an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Matador Resources from $87.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Stephens upped their price objective on shares of Matador Resources from $78.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Raymond James dropped their price objective on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Benchmark reaffirmed a "buy" rating and issued a $62.00 price objective on shares of Matador Resources in a report on Friday, January 17th. Finally, Wolfe Research raised shares of Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price objective on the stock in a report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Matador Resources presently has a consensus rating of "Moderate Buy" and an average price target of $74.20.

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Matador Resources Stock Performance

NYSE MTDR traded down $0.33 during mid-day trading on Thursday, reaching $52.29. 1,611,604 shares of the stock were exchanged, compared to its average volume of 1,459,433. The business's 50 day moving average is $55.74 and its 200-day moving average is $54.88. Matador Resources has a 1 year low of $43.89 and a 1 year high of $71.08. The company has a market capitalization of $6.55 billion, a P/E ratio of 7.32 and a beta of 3.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The company had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. On average, equities research analysts forecast that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.3125 per share. The ex-dividend date was Friday, February 28th. This is a boost from Matador Resources's previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a yield of 2.39%. Matador Resources's dividend payout ratio is currently 17.51%.

Insiders Place Their Bets

In other Matador Resources news, EVP Glenn W. Stetson bought 1,000 shares of Matador Resources stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of $53.06 per share, for a total transaction of $53,060.00. Following the completion of the transaction, the executive vice president now directly owns 91,680 shares of the company's stock, valued at approximately $4,864,540.80. This represents a 1.10 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Van H. Singleton II bought 2,000 shares of Matador Resources stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of $53.21 per share, with a total value of $106,420.00. Following the completion of the transaction, the insider now directly owns 289,135 shares of the company's stock, valued at approximately $15,384,873.35. The trade was a 0.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 21,350 shares of company stock worth $1,100,769. Company insiders own 6.10% of the company's stock.

Matador Resources Profile

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.