Matador Resources (NYSE:MTDR) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC reduced its holdings in shares of Matador Resources (NYSE:MTDR - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 472,235 shares of the energy company's stock after selling 102,941 shares during the period. TimesSquare Capital Management LLC owned about 0.38% of Matador Resources worth $26,568,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its position in shares of Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock valued at $29,000 after purchasing an additional 207 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Matador Resources in the 3rd quarter valued at approximately $37,000. Denver PWM LLC increased its position in shares of Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company's stock valued at $37,000 after purchasing an additional 303 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of Matador Resources by 329.0% in the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company's stock valued at $41,000 after purchasing an additional 635 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Matador Resources by 109.1% in the 4th quarter. UMB Bank n.a. now owns 945 shares of the energy company's stock valued at $53,000 after purchasing an additional 493 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Stock Performance

Shares of MTDR stock traded down $3.40 during mid-day trading on Friday, hitting $53.08. The stock had a trading volume of 1,108,859 shares, compared to its average volume of 1,067,967. Matador Resources has a fifty-two week low of $47.15 and a fifty-two week high of $71.08. The firm has a market cap of $6.62 billion, a PE ratio of 7.44 and a beta of 3.22. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The company's 50-day simple moving average is $58.25 and its 200-day simple moving average is $55.79.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) 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 analysts' expectations of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. Sell-side analysts anticipate that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Matador Resources's previous quarterly dividend of $0.25. Matador Resources's dividend payout ratio (DPR) is currently 14.01%.

Insider Activity

In other Matador Resources news, EVP William Thomas Elsener bought 800 shares of the company's stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the acquisition, the executive vice president now owns 102,964 shares of the company's stock, valued at $5,827,762.40. The trade was a 0.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joseph Wm Foran bought 2,000 shares of the company's stock in a transaction on Friday, December 6th. The shares were acquired at an average price of $55.18 per share, with a total value of $110,360.00. Following the completion of the acquisition, the chief executive officer now directly owns 42,251 shares in the company, valued at $2,331,410.18. This represents a 4.97 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 2,980 shares of company stock worth $165,988 in the last 90 days. 6.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MTDR has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Matador Resources from $77.00 to $71.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company upped their target price on shares of Matador Resources from $87.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. TD Cowen upped their target price on shares of Matador Resources from $74.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Truist Financial upped their target price on shares of Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, Mizuho decreased their price target on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $75.14.

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.