Chartwell Investment Partners LLC Sells 47,913 Shares of Matador Resources (NYSE:MTDR)

Chartwell Investment Partners LLC lowered its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 26.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 133,949 shares of the energy company's stock after selling 47,913 shares during the period. Chartwell Investment Partners LLC owned approximately 0.11% of Matador Resources worth $6,620,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new stake in shares of Matador Resources in the first quarter valued at about $828,000. GSA Capital Partners LLP grew its stake in shares of Matador Resources by 107.7% during the first quarter. GSA Capital Partners LLP now owns 7,328 shares of the energy company's stock valued at $489,000 after acquiring an additional 3,799 shares in the last quarter. Duality Advisers LP bought a new position in Matador Resources during the 1st quarter valued at $267,000. Envestnet Portfolio Solutions Inc. lifted its stake in Matador Resources by 4.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,233 shares of the energy company's stock worth $750,000 after purchasing an additional 489 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Matador Resources by 1,166.1% during the 1st quarter. SG Americas Securities LLC now owns 31,172 shares of the energy company's stock valued at $2,081,000 after purchasing an additional 28,710 shares during the period. Institutional investors and hedge funds own 91.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $70.00 price objective on shares of Matador Resources in a research note on Thursday, October 24th. Benchmark reissued a "buy" rating and set a $62.00 target price on shares of Matador Resources in a research report on Wednesday, October 23rd. KeyCorp lowered their target price on shares of Matador Resources from $76.00 to $72.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Wolfe Research assumed coverage on shares of Matador Resources in a research note on Thursday, July 18th. They issued a "peer perform" rating on the stock. Finally, Mizuho cut their target price on shares of Matador Resources from $85.00 to $74.00 and set an "outperform" rating on the stock in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Matador Resources has a consensus rating of "Moderate Buy" and an average price target of $74.92.

Insider Buying and Selling at Matador Resources

In related news, CAO Robert T. Macalik bought 500 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $50.25 per share, with a total value of $25,125.00. Following the completion of the purchase, the chief accounting officer now directly owns 29,800 shares of the company's stock, valued at $1,497,450. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other Matador Resources news, EVP Bryan A. Erman acquired 1,000 shares of the business's stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $50.35 per share, for a total transaction of $50,350.00. Following the completion of the acquisition, the executive vice president now owns 2,750 shares in the company, valued at $138,462.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robert T. Macalik acquired 500 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $50.25 per share, for a total transaction of $25,125.00. Following the completion of the transaction, the chief accounting officer now directly owns 29,800 shares in the company, valued at $1,497,450. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,105 shares of company stock valued at $562,306 in the last 90 days. Corporate insiders own 6.10% of the company's stock.

Matador Resources Stock Performance

Shares of MTDR stock traded down $0.04 during trading hours on Tuesday, hitting $57.24. 1,317,763 shares of the company were exchanged, compared to its average volume of 1,537,550. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $52.02 and a 200 day simple moving average of $57.06. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 7.66 and a beta of 3.26.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.11. The firm had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The business's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.86 earnings per share. Research analysts predict that Matador Resources will post 7.45 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.25 dividend. This is a positive change from Matador Resources's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources's dividend payout ratio is currently 13.25%.

Matador Resources Company 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.