Matador Resources (NYSE:MTDR) Shares Sold by Yaupon Capital Management LP

Yaupon Capital Management LP lessened its holdings in shares of Matador Resources (NYSE:MTDR - Free Report) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 645,243 shares of the energy company's stock after selling 98,794 shares during the quarter. Matador Resources makes up about 1.5% of Yaupon Capital Management LP's portfolio, making the stock its 12th biggest holding. Yaupon Capital Management LP owned approximately 0.52% of Matador Resources worth $36,301,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. TCTC Holdings LLC boosted its stake in Matador Resources by 53.8% during the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after buying an additional 175 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Matador Resources by 68.3% in the fourth 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 period. Atria Investments Inc raised its position in Matador Resources by 3.1% in the fourth quarter. Atria Investments Inc now owns 8,188 shares of the energy company's stock valued at $461,000 after purchasing an additional 249 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Matador Resources by 108.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after purchasing an additional 256 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Matador Resources by 0.8% during the fourth quarter. Arizona State Retirement System now owns 34,413 shares of the energy company's stock worth $1,936,000 after buying an additional 280 shares during the period. Hedge funds and other institutional investors own 91.98% of the company's stock.

Matador Resources Stock Up 0.9 %

MTDR traded up $0.36 on Friday, reaching $41.11. The company's stock had a trading volume of 2,037,671 shares, compared to its average volume of 1,576,660. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $66.89. The stock has a 50 day moving average of $46.56 and a two-hundred day moving average of $53.36. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 5.76 and a beta of 2.74.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The energy company reported $1.99 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.25. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $980.87 million. As a group, analysts forecast that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, May 9th. Matador Resources's payout ratio is currently 17.51%.

Matador Resources declared that its board has authorized a share buyback program on Wednesday, April 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the energy company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MTDR shares. Morgan Stanley decreased their target price on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Benchmark restated a "buy" rating and issued a $62.00 price objective on shares of Matador Resources in a report on Friday, January 17th. Wells Fargo & Company reduced their target price on shares of Matador Resources from $87.00 to $86.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. KeyCorp dropped their price target on shares of Matador Resources from $72.00 to $60.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Raymond James reduced their price objective on Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.73.

Insider Buying and Selling

In other news, COO Christopher P. Calvert purchased 1,300 shares of the company's stock in a transaction dated Friday, February 21st. The shares were acquired at an average cost of $55.17 per share, for a total transaction of $71,721.00. Following the completion of the purchase, the chief operating officer now directly owns 34,000 shares in the company, valued at $1,875,780. The trade was a 3.98 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Van H. Singleton II acquired 2,000 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average price of $53.21 per share, with a total value of $106,420.00. Following the transaction, the insider now owns 289,135 shares of the company's stock, valued at $15,384,873.35. This trade represents a 0.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 21,350 shares of company stock worth $1,100,769 in the last 90 days. Company insiders own 6.10% of the company's stock.

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.