Matador Resources (NYSE:MTDR) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in shares of Matador Resources (NYSE:MTDR) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 252,193 shares of the energy company’s stock after selling 12,388 shares during the quarter. Ameriprise Financial Inc. owned 0.20% of Matador Resources worth $14,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. TCTC Holdings LLC lifted its holdings in Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after acquiring an additional 175 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings 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 acquiring an additional 207 shares during the period. Atria Investments Inc lifted its holdings 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 acquiring an additional 249 shares during the period. EverSource Wealth Advisors LLC lifted 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 acquiring an additional 256 shares during the period. Finally, Arizona State Retirement System lifted its holdings in Matador Resources by 0.8% in the fourth quarter. Arizona State Retirement System now owns 34,413 shares of the energy company’s stock valued at $1,936,000 after acquiring an additional 280 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on MTDR shares. Royal Bank of Canada cut their price objective on Matador Resources from $70.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company cut their price objective on Matador Resources from $86.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. KeyCorp cut their price objective on Matador Resources from $72.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. UBS Group started coverage on Matador Resources in a research report on Tuesday, April 22nd. They issued a “neutral” rating and a $47.00 price objective for the company. Finally, Mizuho cut their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research report on Tuesday, May 13th. Two 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.33.

Matador Resources Stock Down 0.2%

Shares of MTDR opened at $44.49 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. Matador Resources has a one year low of $35.19 and a one year high of $66.89. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 6.23 and a beta of 1.47. The stock has a 50 day moving average price of $44.24 and a 200 day moving average price of $52.37.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, April 23rd. The energy company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.74 by $0.25. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $980.87 million. During the same period in the previous year, the business earned $1.71 earnings per share. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. Equities research analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The business 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. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, May 9th. Matador Resources’s dividend payout ratio (DPR) is presently 16.78%.

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

Insiders Place Their Bets

In related news, CEO Joseph Wm Foran bought 6,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of $53.94 per share, with a total value of $323,640.00. Following the purchase, the chief executive officer now directly owns 39,379 shares of the company’s stock, valued at $2,124,103.26. The trade was a 17.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William Thomas Elsener bought 750 shares of the business’s stock in a transaction on Thursday, May 1st. The stock was bought at an average cost of $40.10 per share, with a total value of $30,075.00. Following the completion of the purchase, the executive vice president now directly owns 111,197 shares in the company, valued at approximately $4,458,999.70. The trade was a 0.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 36,200 shares of company stock valued at $1,701,872 in the last three months. 6.10% of the stock is currently owned by insiders.

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.