Matador Resources Company $MTDR Stock Position Lowered by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. reduced its stake in Matador Resources by 4.5% in the first quarter, owning 2,578,324 shares valued at $131.73 million after selling 120,282 shares.
• Matador Resources reported a $1.53 EPS for the last quarter, exceeding estimates by $0.24, with an 8.2% revenue increase compared to the same period last year.
• The company declared a quarterly dividend of $0.3125 per share, representing an annual yield of 2.5% and a payout ratio of 18.30%.

Alliancebernstein L.P. trimmed its position in shares of Matador Resources Company (NYSE:MTDR - Free Report) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,578,324 shares of the energy company's stock after selling 120,282 shares during the period. Alliancebernstein L.P. owned approximately 2.06% of Matador Resources worth $131,727,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. acquired a new stake in Matador Resources during the 1st quarter valued at approximately $263,000. GAMMA Investing LLC grew its stake in Matador Resources by 42.8% during the 1st quarter. GAMMA Investing LLC now owns 2,698 shares of the energy company's stock valued at $138,000 after purchasing an additional 809 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Matador Resources during the 1st quarter valued at approximately $885,000. Delphi Management Inc. MA grew its holdings in Matador Resources by 118.6% during the 1st quarter. Delphi Management Inc. MA now owns 23,302 shares of the energy company's stock worth $1,190,000 after acquiring an additional 12,642 shares in the last quarter. Finally, OneDigital Investment Advisors LLC acquired a new position in Matador Resources during the 1st quarter worth $200,000. 91.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Matador Resources

In other news, CEO Joseph Wm Foran acquired 2,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were bought at an average price of $46.25 per share, with a total value of $92,500.00. Following the purchase, the chief executive officer owned 8,606 shares of the company's stock, valued at approximately $398,027.50. This represents a 30.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.80% of the company's stock.

Matador Resources Stock Performance

NYSE:MTDR traded up $1.00 during midday trading on Wednesday, reaching $48.26. 200,365 shares of the company traded hands, compared to its average volume of 1,674,973. Matador Resources Company has a twelve month low of $35.19 and a twelve month high of $64.04. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 7.06 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81. The company has a fifty day moving average price of $49.34 and a 200 day moving average price of $46.99.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.24. The firm had revenue of $895.31 million during the quarter, compared to analyst estimates of $892.86 million. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. Matador Resources's revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 EPS. On average, analysts expect that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 15th. Matador Resources's dividend payout ratio is currently 18.30%.

Wall Street Analyst Weigh In

MTDR has been the subject of several recent analyst reports. TD Cowen raised shares of Matador Resources to a "strong-buy" rating in a report on Monday, July 7th. Raymond James Financial raised their price objective on shares of Matador Resources from $60.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Morgan Stanley raised their price objective on shares of Matador Resources from $60.00 to $62.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Bank of America initiated coverage on shares of Matador Resources in a report on Monday, May 19th. They set a "buy" rating and a $56.00 price objective for the company. Finally, Mizuho decreased their price objective on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $67.53.

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.