Matador Resources (NYSE:MTDR) Shares Sold by Algert Global LLC

Algert Global LLC lessened its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 17.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 123,787 shares of the energy company's stock after selling 25,529 shares during the period. Algert Global LLC owned approximately 0.10% of Matador Resources worth $6,964,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. LSV Asset Management raised its stake in shares of Matador Resources by 262.0% in the fourth quarter. LSV Asset Management now owns 1,517,308 shares of the energy company's stock valued at $85,364,000 after acquiring an additional 1,098,108 shares during the period. Copeland Capital Management LLC lifted its stake in Matador Resources by 145.2% in the fourth quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company's stock worth $72,223,000 after purchasing an additional 760,122 shares during the last quarter. Webs Creek Capital Management LP purchased a new position in shares of Matador Resources during the fourth quarter valued at approximately $37,894,000. Alliancebernstein L.P. grew its stake in shares of Matador Resources by 25.9% during the fourth quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company's stock valued at $151,824,000 after buying an additional 555,245 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Matador Resources in the fourth quarter worth approximately $22,509,000. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Up 0.1 %

Matador Resources stock traded up $0.06 during trading hours on Friday, reaching $42.73. The stock had a trading volume of 1,702,564 shares, compared to its average volume of 1,617,681. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 5.98 and a beta of 1.47. The business's 50 day moving average price is $44.28 and its 200-day moving average price is $52.59. Matador Resources has a 52 week low of $35.19 and a 52 week high of $66.89. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The energy company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.74 by $0.25. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $980.87 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. Matador Resources's revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.71 EPS. Sell-side analysts anticipate that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently declared 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 yield of 2.93%. The ex-dividend date is Friday, May 9th. Matador Resources's dividend payout ratio (DPR) is presently 16.78%.

Matador Resources announced that its board has approved a stock repurchase program on Wednesday, April 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the energy company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have commented on MTDR. Stephens cut their price objective on Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Raymond James cut their price target on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Benchmark restated a "buy" rating and issued a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Wells Fargo & Company lowered their price target on Matador Resources from $86.00 to $80.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Truist Financial increased their price objective on Matador Resources from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Matador Resources has an average rating of "Moderate Buy" and a consensus target price of $70.33.

Insider Transactions at Matador Resources

In other news, COO Christopher P. Calvert acquired 1,300 shares of Matador Resources stock in a transaction dated Friday, February 21st. The stock was purchased at an average cost of $55.17 per share, for a total transaction of $71,721.00. Following the completion of the purchase, the chief operating officer now directly owns 34,000 shares in the company, valued at $1,875,780. This trade represents a 3.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph Wm Foran acquired 6,000 shares of the firm's stock in a transaction on Friday, February 21st. The shares were acquired at an average price of $53.94 per share, with a total value of $323,640.00. Following the completion of the purchase, the chief executive officer now owns 39,379 shares in the company, valued at approximately $2,124,103.26. This trade represents a 17.98 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 36,200 shares of company stock worth $1,701,872. 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.