Matador Resources (NYSE:MTDR) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. decreased its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 609,975 shares of the energy company's stock after selling 21,595 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.49% of Matador Resources worth $30,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Matador Resources by 0.9% in the first quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company's stock valued at $742,797,000 after purchasing an additional 103,713 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Matador Resources by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company's stock worth $282,196,000 after acquiring an additional 356,506 shares during the period. Victory Capital Management Inc. boosted its holdings in Matador Resources by 2.7% in the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company's stock valued at $136,009,000 after purchasing an additional 72,077 shares during the period. Clearbridge Investments LLC increased its holdings 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 purchasing an additional 214,334 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Matador Resources by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,104,791 shares of the energy company's stock valued at $73,768,000 after buying an additional 53,322 shares during the period. Hedge funds and other institutional investors own 91.98% of the company's stock.

Matador Resources Stock Performance

NYSE:MTDR traded up $1.31 during trading hours on Monday, reaching $58.84. 933,931 shares of the company's stock were exchanged, compared to its average volume of 1,535,012. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 7.79 and a beta of 3.26. The company has a 50-day moving average of $52.68 and a 200 day moving average of $56.88.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.11. The business had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 earnings per share. Research analysts anticipate that Matador Resources will post 7.5 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. Shareholders of record on Friday, November 15th will be paid a $0.25 dividend. This is an increase from Matador Resources's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Friday, November 15th. Matador Resources's dividend payout ratio (DPR) is 10.60%.

Insider Activity

In other Matador Resources news, CAO Robert T. Macalik acquired 500 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average price of $50.25 per share, with a total value of $25,125.00. Following the acquisition, the chief accounting officer now owns 29,800 shares of the company's stock, valued at $1,497,450. This trade represents a 1.71 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph Wm Foran bought 2,500 shares of the business's stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $51.47 per share, with a total value of $128,675.00. Following the completion of the purchase, the chief executive officer now owns 37,751 shares in the company, valued at approximately $1,943,043.97. This represents a 7.09 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 11,105 shares of company stock valued at $562,306. Company insiders own 6.10% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Stephens raised their target price on shares of Matador Resources from $76.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, October 21st. BMO Capital Markets raised their price objective 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. Wells Fargo & Company lowered their target price on shares of Matador Resources from $89.00 to $87.00 and set an "overweight" rating for the company in a research note on Tuesday, October 1st. TD Cowen raised their price target on Matador Resources from $85.00 to $87.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $70.00 price objective on shares of Matador Resources in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Matador Resources has an average rating of "Moderate Buy" and an average price target of $74.92.

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.