Bokf Na Trims Stock Holdings in Matador Resources (NYSE:MTDR)

Bokf Na cut its stake in shares of Matador Resources (NYSE:MTDR) by 13.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,000 shares of the energy company’s stock after selling 8,201 shares during the quarter. Bokf Na’s holdings in Matador Resources were worth $3,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its position in shares of Matador Resources by 31.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock worth $125,435,000 after purchasing an additional 531,504 shares in the last quarter. Element Capital Management LLC bought a new position in shares of Matador Resources during the first quarter worth $28,572,000. Public Employees Retirement Association of Colorado grew its stake in Matador Resources by 14,874.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 427,520 shares of the energy company’s stock valued at $24,309,000 after acquiring an additional 424,665 shares in the last quarter. Wellington Management Group LLP increased its holdings in Matador Resources by 44.8% in the 4th quarter. Wellington Management Group LLP now owns 1,065,291 shares of the energy company’s stock valued at $60,572,000 after acquiring an additional 329,522 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Matador Resources by 38.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,028,997 shares of the energy company’s stock worth $68,706,000 after purchasing an additional 285,954 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Performance

Shares of NYSE:MTDR traded down $0.05 on Monday, hitting $61.39. 170,810 shares of the company were exchanged, compared to its average volume of 1,527,204. The firm has a market capitalization of $7.66 billion, a P/E ratio of 8.42 and a beta of 3.29. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41. Matador Resources has a 1-year low of $51.72 and a 1-year high of $71.08. The stock’s 50 day moving average price is $60.26 and its 200 day moving average price is $61.42.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.29. The company had revenue of $847.14 million during the quarter, compared to analysts’ expectations of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The firm’s revenue was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.42 EPS. Sell-side analysts predict that Matador Resources will post 7.93 EPS for the current year.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, August 15th. Matador Resources’s dividend payout ratio is presently 10.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stephens dropped their price objective on shares of Matador Resources from $83.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. KeyCorp upped their target price on shares of Matador Resources from $71.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Benchmark reaffirmed a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research note on Wednesday, July 24th. Wells Fargo & Company increased their price objective on Matador Resources from $88.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Mizuho lifted their target price on Matador Resources from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $78.17.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, EVP Bryan A. Erman acquired 1,750 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were purchased at an average price of $55.90 per share, for a total transaction of $97,825.00. Following the completion of the purchase, the executive vice president now directly owns 1,750 shares of the company’s stock, valued at $97,825. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 6.10% of the company’s stock.

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.