Centiva Capital LP Cuts Holdings in Matador Resources (NYSE:MTDR)

Centiva Capital LP cut its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 85.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,831 shares of the energy company's stock after selling 38,840 shares during the period. Centiva Capital LP's holdings in Matador Resources were worth $384,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new stake in shares of Matador Resources during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC grew its position in Matador Resources by 108.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock valued at $28,000 after buying an additional 256 shares during the period. TCTC Holdings LLC increased its holdings in Matador Resources by 53.8% during the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after buying an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after acquiring an additional 207 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in Matador Resources by 359.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock worth $33,000 after acquiring an additional 453 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on MTDR shares. Royal Bank of Canada reduced their price objective on Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Morgan Stanley lowered their target price on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Benchmark reiterated a "buy" rating and issued a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. Raymond James dropped their price objective on Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Finally, Mizuho cut their target price on Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Matador Resources currently has an average rating of "Moderate Buy" and an average price target of $70.33.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran bought 2,500 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was acquired at an average price of $39.63 per share, with a total value of $99,075.00. Following the completion of the purchase, the chief executive officer now owns 60,756 shares of the company's stock, valued at approximately $2,407,760.28. This trade represents a 4.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Van H. Singleton II bought 2,000 shares of the stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of $53.21 per share, with a total value of $106,420.00. Following the completion of the acquisition, the insider now directly owns 289,135 shares of the company's stock, valued at approximately $15,384,873.35. The trade was a 0.70% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 36,200 shares of company stock valued at $1,701,872 in the last three months. 6.10% of the stock is currently owned by company insiders.

Matador Resources Trading Down 3.2%

MTDR stock traded down $1.47 during trading on Thursday, reaching $44.42. The company had a trading volume of 1,254,816 shares, compared to its average volume of 1,625,091. 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 has a 52 week low of $35.19 and a 52 week high of $66.89. The business has a 50 day moving average of $44.30 and a 200 day moving average of $52.45. The company has a market cap of $5.56 billion, a P/E ratio of 6.22 and a beta of 1.47.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (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 return on equity of 18.52% and a net margin of 25.26%. The business's revenue was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.71 EPS. As a group, sell-side analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Friday, May 9th. Matador Resources's dividend payout ratio (DPR) is presently 16.78%.

Matador Resources declared that its Board of Directors has initiated a share buyback program on Wednesday, April 23rd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the energy company to buy up to 7.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

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.