Matador Resources Company $MTDR Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its stake in Matador Resources Company (NYSE:MTDR) by 13.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 677,043 shares of the energy company’s stock after selling 102,906 shares during the quarter. Fisher Asset Management LLC owned approximately 0.54% of Matador Resources worth $32,309,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Matador Resources by 7.6% during the first quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company’s stock valued at $690,310,000 after buying an additional 956,090 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Matador Resources by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,464,857 shares of the energy company’s stock valued at $279,192,000 after acquiring an additional 20,134 shares during the last quarter. LSV Asset Management raised its position in shares of Matador Resources by 45.7% during the 2nd quarter. LSV Asset Management now owns 3,334,775 shares of the energy company’s stock valued at $159,135,000 after acquiring an additional 1,045,396 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Matador Resources by 30.5% during the 1st quarter. Wellington Management Group LLP now owns 2,043,715 shares of the energy company’s stock valued at $104,413,000 after acquiring an additional 477,236 shares in the last quarter. Finally, Beck Mack & Oliver LLC lifted its stake in Matador Resources by 6.8% during the first quarter. Beck Mack & Oliver LLC now owns 1,514,928 shares of the energy company’s stock worth $77,398,000 after purchasing an additional 96,562 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Mizuho lowered their target price on shares of Matador Resources from $69.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Matador Resources in a report on Tuesday, October 14th. Wells Fargo & Company dropped their price objective on shares of Matador Resources from $71.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Royal Bank Of Canada raised their target price on shares of Matador Resources from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Finally, William Blair started coverage on Matador Resources in a report on Monday, August 25th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.57.

Matador Resources Price Performance

Shares of MTDR opened at $42.89 on Wednesday. Matador Resources Company has a one year low of $35.19 and a one year high of $64.04. The stock’s fifty day moving average is $42.06 and its 200-day moving average is $46.09. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 6.85 and a beta of 1.11.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The business had revenue of $939.02 million for the quarter, compared to analyst estimates of $893.22 million. During the same quarter last year, the business earned $1.89 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts anticipate that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 10th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 3.5%. This is a boost from Matador Resources’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, November 10th. Matador Resources’s dividend payout ratio (DPR) is presently 23.96%.

Insider Buying and Selling

In other Matador Resources news, CEO Joseph Wm Foran acquired 1,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were bought at an average price of $38.14 per share, with a total value of $38,140.00. Following the purchase, the chief executive officer directly owned 23,867 shares of the company’s stock, valued at approximately $910,287.38. This trade represents a 4.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert T. Macalik bought 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average cost of $38.25 per share, with a total value of $57,375.00. Following the completion of the purchase, the executive vice president owned 35,039 shares of the company’s stock, valued at approximately $1,340,241.75. The trade was a 4.47% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 41,726 shares of company stock worth $1,674,234 in the last ninety days. Insiders own 5.80% of the company’s stock.

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.