32,346 Matador Resources Company $MTDR Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC trimmed its position in shares of Matador Resources Company (NYSE:MTDR - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,210,557 shares of the energy company's stock after selling 32,346 shares during the period. Matador Resources comprises approximately 1.4% of Copeland Capital Management LLC's portfolio, making the stock its 16th biggest holding. Copeland Capital Management LLC owned about 0.98% of Matador Resources worth $62,441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Matador Resources by 11.6% in the third quarter. GAMMA Investing LLC now owns 3,460 shares of the energy company's stock worth $178,000 after buying an additional 361 shares during the last quarter. Congress Asset Management Co. raised its holdings in shares of Matador Resources by 36.4% during the 3rd quarter. Congress Asset Management Co. now owns 142,738 shares of the energy company's stock valued at $7,362,000 after purchasing an additional 38,119 shares in the last quarter. Cim Investment Management Inc. raised its holdings in shares of Matador Resources by 7.3% during the 2nd quarter. Cim Investment Management Inc. now owns 4,488 shares of the energy company's stock valued at $223,000 after purchasing an additional 307 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Matador Resources by 80.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 19,285 shares of the energy company's stock valued at $960,000 after purchasing an additional 8,581 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Matador Resources in the 2nd quarter valued at $305,000. Institutional investors and hedge funds own 91.98% of the company's stock.

Insider Buying and Selling

In other Matador Resources news, CEO Joseph Foran acquired 10,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of $52.16 per share, with a total value of $521,600.00. Following the transaction, the chief executive officer owned 25,617 shares of the company's stock, valued at approximately $1,336,182.72. This trade represents a 64.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christopher Calvert bought 2,500 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average price of $56.64 per share, with a total value of $141,600.00. Following the purchase, the chief financial officer owned 44,000 shares in the company, valued at $2,492,160. This trade represents a 6.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 23,144 shares of company stock valued at $1,211,793. Insiders own 5.90% of the company's stock.

Matador Resources Price Performance

NYSE MTDR opened at $55.93 on Wednesday. Matador Resources Company has a 1 year low of $37.14 and a 1 year high of $66.84. The company has a fifty day simple moving average of $55.47 and a 200 day simple moving average of $55.45. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.67. The company has a market cap of $6.92 billion, a P/E ratio of 9.59 and a beta of 0.98.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.08 by $0.53. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.06 billion. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The business's quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 EPS. On average, sell-side analysts predict that Matador Resources Company will post 7.50 EPS for the current year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th were paid a $0.3750 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.7%. Matador Resources's payout ratio is presently 25.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MTDR shares. KeyCorp upped their price objective on shares of Matador Resources from $68.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, September 15th. Stifel Nicolaus initiated coverage on Matador Resources in a report on Thursday, September 10th. They set a "buy" rating and a $66.00 target price on the stock. Morgan Stanley cut their target price on Matador Resources from $75.00 to $66.00 and set an "equal weight" rating on the stock in a report on Monday, June 29th. Weiss Ratings raised Matador Resources from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Finally, Mizuho raised Matador Resources to a "strong-buy" rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.80.

Matador Resources Company Profile

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas properties. Its operations are focused primarily on unconventional, or shale, formations, with oil, natural gas and natural gas liquids among its principal products.

The company's main exploration and production activities are concentrated in the Delaware Basin, part of the Permian Basin in southeastern New Mexico and West Texas. Matador has also historically held interests in other U.S.

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