Matador Resources (NYSE:MTDR) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 26.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,945 shares of the energy company's stock after selling 44,045 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.10% of Matador Resources worth $5,977,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Matador Resources by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company's stock worth $742,797,000 after buying an additional 103,713 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Matador Resources by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company's stock worth $282,196,000 after buying an additional 356,506 shares during the last quarter. Clearbridge Investments LLC raised its position in Matador Resources by 10.5% during the 2nd quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company's stock worth $134,102,000 after buying an additional 214,334 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Matador Resources by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,104,791 shares of the energy company's stock worth $73,768,000 after buying an additional 53,322 shares during the last quarter. Finally, Boston Trust Walden Corp purchased a new position in Matador Resources during the 3rd quarter worth $51,788,000. Hedge funds and other institutional investors own 91.98% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. KeyCorp cut their price target on shares of Matador Resources from $76.00 to $72.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Mizuho cut their price target on shares of Matador Resources from $85.00 to $74.00 and set an "outperform" rating for the company in a report on Monday, September 16th. TD Cowen increased their price target on shares of Matador Resources from $85.00 to $87.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. BMO Capital Markets increased their price target on shares of Matador Resources from $75.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, October 4th. Finally, Wells Fargo & Company cut their price target on shares of Matador Resources from $89.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.92.

Matador Resources Trading Up 0.1 %

Shares of Matador Resources stock traded up $0.04 during mid-day trading on Friday, hitting $56.58. 938,815 shares of the stock were exchanged, compared to its average volume of 1,539,428. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 7.49 and a beta of 3.26. The company has a 50-day simple moving average of $52.01 and a 200 day simple moving average of $57.29. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

Matador Resources (NYSE:MTDR - Get Free Report) last released 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. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The business had revenue of $770.20 million for the quarter, compared to analysts' expectations of $836.69 million. During the same period last year, the company earned $1.86 earnings per share. The company's quarterly revenue was up 9.8% on a year-over-year basis. Research analysts forecast that Matador Resources will post 7.45 EPS for the current year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Matador Resources's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 1.77%. Matador Resources's dividend payout ratio (DPR) is currently 10.60%.

Insider Buying and Selling

In related news, EVP Glenn W. Stetson bought 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $51.33 per share, with a total value of $51,330.00. Following the completion of the transaction, the executive vice president now owns 85,935 shares of the company's stock, valued at approximately $4,411,043.55. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Matador Resources news, CFO Brian J. Willey purchased 1,500 shares of Matador Resources stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $50.50 per share, with a total value of $75,750.00. Following the completion of the transaction, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $75,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Glenn W. Stetson purchased 1,000 shares of Matador Resources stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of $51.33 per share, for a total transaction of $51,330.00. Following the completion of the transaction, the executive vice president now owns 85,935 shares of the company's stock, valued at $4,411,043.55. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 11,105 shares of company stock valued at $562,306. Insiders own 6.10% of the company's stock.

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.