Copeland Capital Management LLC Sells 122,054 Shares of Matador Resources Company $MTDR

Copeland Capital Management LLC decreased its position in shares of Matador Resources Company (NYSE:MTDR) by 8.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,304,451 shares of the energy company’s stock after selling 122,054 shares during the quarter. Matador Resources comprises 1.8% of Copeland Capital Management LLC’s holdings, making the stock its 8th biggest position. Copeland Capital Management LLC’s holdings in Matador Resources were worth $82,415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTDR. Jones Financial Companies Lllp grew its position in Matador Resources by 1,104.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock worth $103,000 after purchasing an additional 1,845 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Matador Resources by 361.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after acquiring an additional 690 shares during the period. Sivia Capital Partners LLC acquired a new stake in Matador Resources in the 2nd quarter valued at about $255,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Matador Resources in the second quarter valued at approximately $5,126,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Matador Resources by 767.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock valued at $156,000 after buying an additional 2,885 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

MTDR has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Citigroup lowered their target price on shares of Matador Resources from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Truist Financial reduced their price target on Matador Resources from $67.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday. Mizuho raised their price objective on Matador Resources from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Finally, KeyCorp lifted their price objective on Matador Resources from $61.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.08.

Insiders Place Their Bets

In other Matador Resources news, CEO Joseph Wm Foran bought 4,675 shares of the stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of $52.36 per share, for a total transaction of $244,783.00. Following the completion of the purchase, the chief executive officer directly owned 6,997 shares of the company’s stock, valued at approximately $366,362.92. The trade was a 201.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Christopher P. Calvert bought 1,500 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $53.24 per share, for a total transaction of $79,860.00. Following the completion of the transaction, the chief financial officer owned 41,500 shares of the company’s stock, valued at approximately $2,209,460. The trade was a 3.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 11,907 shares of company stock worth $635,712 in the last quarter. 5.90% of the stock is owned by corporate insiders.

Matador Resources Trading Up 1.4%

NYSE:MTDR opened at $53.81 on Friday. The business’s 50-day moving average is $53.56 and its two-hundred day moving average is $52.83. The firm has a market capitalization of $6.68 billion, a PE ratio of 13.83 and a beta of 0.74. Matador Resources Company has a 12 month low of $37.14 and a 12 month high of $66.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.29. The company had revenue of $941.60 million during the quarter, compared to the consensus estimate of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The company’s revenue was down 33.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.99 earnings per share. Research analysts predict that Matador Resources Company will post 7.17 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.50 annualized dividend and a yield of 2.8%. Matador Resources’s payout ratio is 38.56%.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.