Centiva Capital LP Sells 38,840 Shares of Matador Resources (NYSE:MTDR)

Centiva Capital LP decreased its position in Matador Resources (NYSE:MTDR - Free Report) by 85.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cercano Management LLC purchased a new stake in Matador Resources in the 4th quarter worth approximately $3,183,000. BOKF NA lifted its position in Matador Resources by 58,158.1% in the 4th quarter. BOKF NA now owns 50,102 shares of the energy company's stock worth $3,069,000 after buying an additional 50,016 shares in the last quarter. Brevan Howard Capital Management LP lifted its position in Matador Resources by 48.9% in the 4th quarter. Brevan Howard Capital Management LP now owns 32,721 shares of the energy company's stock worth $1,841,000 after buying an additional 10,740 shares in the last quarter. Captrust Financial Advisors lifted its position in Matador Resources by 4.1% in the 4th quarter. Captrust Financial Advisors now owns 46,298 shares of the energy company's stock worth $2,605,000 after buying an additional 1,829 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in Matador Resources by 101.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 734,626 shares of the energy company's stock worth $41,330,000 after buying an additional 370,388 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

Matador Resources Price Performance

MTDR stock traded down $0.10 during trading on Friday, hitting $44.49. 1,064,448 shares of the stock traded hands, compared to its average volume of 1,629,643. Matador Resources has a one year low of $35.19 and a one year high of $66.89. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 6.23 and a beta of 1.47. The company has a 50 day simple moving average of $44.24 and a 200 day simple moving average of $52.37. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61.

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 analysts' consensus estimates of $1.74 by $0.25. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $980.87 million. During the same period in the prior year, the business earned $1.71 earnings per share. Matador Resources's quarterly revenue was up 28.7% on a year-over-year basis. Equities analysts expect that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

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

Matador Resources announced that its board has authorized a share buyback program on Wednesday, April 23rd that allows the company to buyback $400.00 million in shares. This buyback authorization allows 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 board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently weighed in on MTDR. Royal Bank of Canada cut their price target on shares of Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Benchmark restated 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 decreased their price target on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. UBS Group initiated coverage on shares of Matador Resources in a research report on Tuesday, April 22nd. They set a "neutral" rating and a $47.00 target price on the stock. Finally, Morgan Stanley decreased 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 research report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.33.

Insider Transactions at Matador Resources

In related news, EVP William Thomas Elsener bought 750 shares of Matador Resources stock in a transaction dated Thursday, May 1st. The shares were bought at an average cost of $40.10 per share, for a total transaction of $30,075.00. Following the completion of the transaction, the executive vice president now owns 111,197 shares of the company's stock, valued at approximately $4,458,999.70. This trade represents a 0.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joseph Wm Foran bought 2,500 shares of Matador Resources stock in a transaction dated Wednesday, May 7th. The shares were bought at an average price of $39.63 per share, for a total transaction of $99,075.00. Following the completion of the transaction, the chief executive officer now directly owns 60,756 shares of the company's stock, valued at $2,407,760.28. This represents a 4.29% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 36,200 shares of company stock worth $1,701,872. Corporate insiders own 6.10% of the company's stock.

Matador Resources 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.