Guggenheim Capital LLC Lowers Holdings in Matador Resources (NYSE:MTDR)

Guggenheim Capital LLC trimmed its position in Matador Resources (NYSE:MTDR - Free Report) by 79.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,617 shares of the energy company's stock after selling 17,599 shares during the quarter. Guggenheim Capital LLC's holdings in Matador Resources were worth $260,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after buying an additional 256 shares during the period. TCTC Holdings LLC lifted its stake in shares of Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after purchasing an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after purchasing an additional 207 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Matador Resources by 359.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock worth $33,000 after purchasing an additional 453 shares during the last quarter. Finally, Denver PWM LLC lifted its stake in shares of Matador Resources by 67.2% during the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company's stock worth $37,000 after purchasing an additional 303 shares during the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Matador Resources

In related news, Director Paul W. Harvey acquired 600 shares of Matador Resources stock in a transaction on Friday, February 21st. The stock was bought at an average cost of $55.20 per share, for a total transaction of $33,120.00. Following the completion of the transaction, the director now owns 27,917 shares of the company's stock, valued at approximately $1,541,018.40. The trade was a 2.20 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Timothy E. Parker acquired 2,000 shares of Matador Resources stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $44.67 per share, with a total value of $89,340.00. Following the completion of the transaction, the director now directly owns 83,790 shares of the company's stock, valued at $3,742,899.30. This trade represents a 2.45 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 21,350 shares of company stock valued at $1,100,769. Company insiders own 6.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. KeyCorp decreased their price objective on Matador Resources from $72.00 to $60.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Wolfe Research upgraded Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price objective for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. decreased their price objective on Matador Resources from $65.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Morgan Stanley reduced their target price on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Finally, Wells Fargo & Company reduced their target price on Matador Resources from $86.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.33.

Matador Resources Stock Up 1.3 %

Matador Resources stock opened at $41.59 on Tuesday. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 5.82 and a beta of 2.74. Matador Resources has a 52 week low of $35.19 and a 52 week high of $66.89. The business's 50-day moving average price is $46.26 and its 200 day moving average price is $53.27. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The energy company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.74 by $0.25. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $980.87 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Matador Resources's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period last year, the company earned $1.71 earnings per share. As a group, sell-side analysts anticipate that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources announced that its board has initiated a share buyback program on Wednesday, April 23rd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the energy company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be given a dividend of $0.3125 per share. The ex-dividend date is Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a yield of 3.01%. Matador Resources's dividend payout ratio is currently 16.78%.

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.

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