Capital Fund Management S.A. Sells 9,569 Shares of Matador Resources (NYSE:MTDR)

Capital Fund Management S.A. lessened its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 29.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,300 shares of the energy company's stock after selling 9,569 shares during the quarter. Capital Fund Management S.A.'s holdings in Matador Resources were worth $1,311,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MTDR. EverSource Wealth Advisors LLC grew its holdings in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock valued at $28,000 after purchasing an additional 256 shares during the last quarter. TCTC Holdings LLC lifted its holdings in Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after buying an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after buying an additional 207 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Matador Resources by 359.5% during the fourth 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 grew its stake in 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 buying an additional 303 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

Insiders Place Their Bets

In other Matador Resources news, EVP Glenn W. Stetson acquired 1,000 shares of the business's stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of $53.06 per share, with a total value of $53,060.00. Following the completion of the transaction, the executive vice president now directly owns 91,680 shares in the company, valued at $4,864,540.80. This trade represents a 1.10 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Christopher P. Calvert purchased 1,300 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average cost of $55.17 per share, with a total value of $71,721.00. Following the completion of the transaction, the chief operating officer now directly owns 34,000 shares of the company's stock, valued at approximately $1,875,780. The trade was a 3.98 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 21,350 shares of company stock worth $1,100,769 over the last ninety days. 6.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on MTDR. JPMorgan Chase & Co. cut their price objective on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Stephens dropped their price target on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a research note on Tuesday. Royal Bank of Canada cut their price target 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. Raymond James decreased their target price on Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Finally, 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 note on Thursday, March 27th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources presently has an average rating of "Moderate Buy" and a consensus price target of $73.29.

Matador Resources Trading Up 3.3 %

Shares of NYSE MTDR traded up $1.31 during midday trading on Friday, hitting $41.44. The stock had a trading volume of 2,576,932 shares, compared to its average volume of 1,555,146. 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 has a fifty-two week low of $35.19 and a fifty-two week high of $67.51. The firm has a market cap of $5.19 billion, a P/E ratio of 5.80 and a beta of 2.74. The company's 50-day simple moving average is $48.21 and its 200 day simple moving average is $53.80.

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

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be paid a $0.3125 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a yield of 3.02%. Matador Resources's payout ratio is 17.51%.

About Matador Resources

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.