Versor Investments LP Sells 19,569 Shares of Matador Resources (NYSE:MTDR)

Versor Investments LP cut its stake in Matador Resources (NYSE:MTDR - Free Report) by 82.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,081 shares of the energy company's stock after selling 19,569 shares during the period. Versor Investments LP's holdings in Matador Resources were worth $202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Covestor Ltd raised its stake in shares of Matador Resources by 121.4% in the first quarter. Covestor Ltd now owns 414 shares of the energy company's stock valued at $28,000 after acquiring an additional 227 shares during the last quarter. Denver PWM LLC bought a new position in Matador Resources in the 2nd quarter valued at $27,000. Advisors Asset Management Inc. boosted its stake in Matador Resources by 191.8% in the first quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company's stock worth $47,000 after purchasing an additional 466 shares in the last quarter. Quarry LP grew its holdings in shares of Matador Resources by 47.5% during the second quarter. Quarry LP now owns 779 shares of the energy company's stock worth $46,000 after purchasing an additional 251 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Matador Resources by 28.7% during the third quarter. GAMMA Investing LLC now owns 1,403 shares of the energy company's stock worth $69,000 after purchasing an additional 313 shares during the last quarter. Institutional investors own 91.98% of the company's stock.

Insider Buying and Selling at Matador Resources

In other news, EVP Glenn W. Stetson bought 1,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was purchased at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the acquisition, the executive vice president now owns 85,935 shares in the company, valued at approximately $4,411,043.55. This trade represents a 1.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Joseph Wm Foran purchased 2,500 shares of the company's stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $51.47 per share, for a total transaction of $128,675.00. Following the purchase, the chief executive officer now directly owns 37,751 shares in the company, valued at approximately $1,943,043.97. This trade represents a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 11,105 shares of company stock valued at $562,306. Company insiders own 6.10% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Benchmark reiterated a "buy" rating and set a $62.00 price target on shares of Matador Resources in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their price target on shares of Matador Resources from $89.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 1st. Capital One Financial raised shares of Matador Resources from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $80.00 to $84.00 in a report on Thursday, July 25th. TD Cowen upped their price objective on Matador Resources from $85.00 to $87.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Matador Resources currently has an average rating of "Moderate Buy" and a consensus price target of $74.92.

Matador Resources Trading Down 2.1 %

Shares of MTDR stock traded down $1.20 on Friday, reaching $57.53. The company had a trading volume of 1,402,843 shares, compared to its average volume of 1,866,224. The stock has a market cap of $7.18 billion, a PE ratio of 7.62 and a beta of 3.26. The company has a 50-day moving average of $52.50 and a 200-day moving average of $56.90. 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 has a 12 month low of $47.15 and a 12 month high of $71.08.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.78 by $0.11. The firm 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 earnings per share. On average, equities analysts forecast that Matador Resources will post 7.5 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Matador Resources's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.74%. Matador Resources's payout ratio is currently 10.60%.

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.