Ceredex Value Advisors LLC Has $14.97 Million Holdings in Matador Resources Company $MTDR

Key Points

• Ceredex Value Advisors LLC has reduced its stake in Matador Resources by 15.1%, selling 52,200 shares, and now holds 293,001 shares valued at approximately $14.97 million.
• The CEO of Matador Resources, Joseph Wm Foran, purchased 5,000 shares at $49.17 each, increasing his ownership by over 311% and bringing his total shares to 6,606, worth about $324,817.
• Matador Resources announced a quarterly dividend of $0.3125 per share, which will be paid to shareholders on September 5th, translating to an annualized yield of 2.5%.

Ceredex Value Advisors LLC lowered its stake in Matador Resources Company (NYSE:MTDR - Free Report) by 15.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 293,001 shares of the energy company's stock after selling 52,200 shares during the quarter. Ceredex Value Advisors LLC owned about 0.23% of Matador Resources worth $14,969,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Synovus Financial Corp lifted its stake in Matador Resources by 25.4% in the first quarter. Synovus Financial Corp now owns 28,979 shares of the energy company's stock valued at $1,481,000 after buying an additional 5,876 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Matador Resources by 306.6% in the first quarter. MetLife Investment Management LLC now owns 267,666 shares of the energy company's stock worth $13,675,000 after purchasing an additional 201,834 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Matador Resources by 161.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,596 shares of the energy company's stock worth $182,000 after purchasing an additional 2,220 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Matador Resources by 8.6% in the first quarter. Kestra Advisory Services LLC now owns 54,314 shares of the energy company's stock worth $2,775,000 after purchasing an additional 4,294 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Matador Resources in the first quarter worth $50,000. Institutional investors own 91.98% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MTDR. Mizuho cut their price objective on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. William Blair began coverage on shares of Matador Resources in a research report on Monday. They issued an "outperform" rating on the stock. Morgan Stanley boosted their price objective on shares of Matador Resources from $60.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Bank of America began coverage on shares of Matador Resources in a research report on Monday, May 19th. They issued a "buy" rating and a $56.00 price objective on the stock. Finally, KeyCorp boosted their price objective on shares of Matador Resources from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $67.60.

Insider Buying and Selling at Matador Resources

In related news, CEO Joseph Wm Foran acquired 5,000 shares of the company's stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $49.17 per share, with a total value of $245,850.00. Following the completion of the transaction, the chief executive officer directly owned 6,606 shares of the company's stock, valued at $324,817.02. This trade represents a 311.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.80% of the stock is owned by insiders.

Matador Resources Stock Performance

Shares of MTDR traded up $0.28 during trading hours on Thursday, hitting $50.17. The company had a trading volume of 1,123,899 shares, compared to its average volume of 1,604,397. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 7.35 and a beta of 1.49. The business has a fifty day moving average of $49.29 and a 200-day moving average of $47.48. Matador Resources Company has a 12 month low of $35.19 and a 12 month high of $64.04. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.57.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The energy company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.24. The company had revenue of $895.31 million for 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%. The company's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 earnings per share. Equities analysts anticipate that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a $0.3125 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.25 annualized dividend and a dividend yield of 2.5%. Matador Resources's dividend payout ratio is presently 18.30%.

About Matador Resources

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.