Matador Resources Company $MTDR Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in shares of Matador Resources Company (NYSE:MTDR) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,369 shares of the energy company’s stock after selling 429 shares during the period. Yousif Capital Management LLC’s holdings in Matador Resources were worth $1,926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Matador Resources by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company’s stock worth $690,310,000 after purchasing an additional 956,090 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Matador Resources by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,464,857 shares of the energy company’s stock worth $279,192,000 after purchasing an additional 20,134 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Matador Resources by 50.9% during the 1st quarter. LSV Asset Management now owns 2,289,379 shares of the energy company’s stock worth $116,964,000 after purchasing an additional 772,071 shares during the last quarter. Wellington Management Group LLP boosted its holdings 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 worth $104,413,000 after purchasing an additional 477,236 shares during the last quarter. Finally, Beck Mack & Oliver LLC boosted its holdings in shares of Matador Resources by 6.8% during the 1st 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

MTDR has been the topic of several recent research reports. Wells Fargo & Company lowered their target price on Matador Resources from $77.00 to $76.00 and set an “overweight” rating on the stock in a report on Monday, October 13th. KeyCorp lowered their price objective on Matador Resources from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Matador Resources in a research report on Tuesday, October 14th. Raymond James Financial increased their price objective on Matador Resources from $60.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, William Blair assumed coverage on Matador Resources in a research report on Monday, August 25th. They issued an “outperform” rating for the company. One equities 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 company. According to MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average target price of $66.36.

Matador Resources Stock Up 0.1%

NYSE:MTDR opened at $43.00 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average is $46.80 and its two-hundred day moving average is $46.14. Matador Resources Company has a 52 week low of $35.19 and a 52 week high of $64.04. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 6.30 and a beta of 1.41.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, July 22nd. The energy company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.24. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.The company had revenue of $895.31 million for the quarter, compared to analysts’ expectations of $892.86 million. During the same period in the prior year, the firm earned $2.05 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. Research analysts anticipate that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 3.5%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, November 10th. Matador Resources’s payout ratio is currently 18.30%.

Insiders Place Their Bets

In other news, COO Christopher P. Calvert purchased 1,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were bought at an average cost of $47.77 per share, for a total transaction of $47,770.00. Following the completion of the purchase, the chief operating officer directly owned 37,500 shares of the company’s stock, valued at approximately $1,791,375. This trade represents a 2.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William Thomas Elsener purchased 600 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were purchased at an average price of $48.46 per share, for a total transaction of $29,076.00. Following the completion of the purchase, the executive vice president directly owned 112,069 shares of the company’s stock, valued at $5,430,863.74. This represents a 0.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 11,380 shares of company stock worth $549,188 over the last ninety days. Corporate insiders own 5.80% 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.