F M Investments LLC Sells 96,134 Shares of Matador Resources (NYSE:MTDR)

F M Investments LLC lessened its holdings in Matador Resources (NYSE:MTDR - Free Report) by 59.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,450 shares of the energy company's stock after selling 96,134 shares during the quarter. F M Investments LLC owned about 0.05% of Matador Resources worth $3,682,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MTDR. Vanguard Group Inc. grew its stake in Matador Resources by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company's stock valued at $706,375,000 after acquiring an additional 187,633 shares in the last quarter. Alliancebernstein L.P. raised its stake in Matador Resources by 25.9% during the 4th quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company's stock valued at $151,824,000 after acquiring an additional 555,245 shares during the last quarter. Geode Capital Management LLC raised its position in Matador Resources by 1.9% in the third quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company's stock worth $99,297,000 after acquiring an additional 36,921 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Matador Resources by 18.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,669,957 shares of the energy company's stock valued at $93,952,000 after acquiring an additional 258,958 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Matador Resources by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,491,570 shares of the energy company's stock worth $83,916,000 after purchasing an additional 56,644 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company's stock.

Remove Ads

Matador Resources Stock Performance

NYSE:MTDR traded up $1.49 during midday trading on Wednesday, hitting $40.44. The company's stock had a trading volume of 769,768 shares, compared to its average volume of 1,551,329. The firm has a market cap of $5.06 billion, a P/E ratio of 5.66 and a beta of 2.74. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $67.72. The firm's 50 day moving average is $49.25 and its 200-day moving average is $54.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The business had revenue of $970.37 million for the quarter, compared to analysts' expectations of $967.10 million. Equities analysts anticipate that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.3125 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Matador Resources's previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a dividend yield of 3.09%. Matador Resources's dividend payout ratio (DPR) is currently 17.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Royal Bank of Canada dropped their target price on shares of Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company dropped their target price on Matador Resources from $90.00 to $87.00 and set an "overweight" rating on the stock in a report on Tuesday, March 25th. Morgan Stanley decreased their target price on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Finally, Raymond James reduced their price objective on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a report on Monday, March 10th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Matador Resources currently has a consensus rating of "Moderate Buy" and an average target price of $73.36.

Insider Activity

In related news, insider Van H. Singleton II purchased 2,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of $53.21 per share, with a total value of $106,420.00. Following the purchase, the insider now directly owns 289,135 shares in the company, valued at $15,384,873.35. This represents a 0.70 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Robert T. Macalik purchased 1,200 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $47.98 per share, with a total value of $57,576.00. Following the completion of the acquisition, the chief accounting officer now directly owns 31,000 shares of the company's stock, valued at $1,487,380. The trade was a 4.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 21,350 shares of company stock worth $1,100,769. 6.10% of the stock is currently owned by corporate insiders.

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.