Curi RMB Capital LLC Reduces Stock Position in Matador Resources Company $MTDR

Key Points

• Curi RMB Capital LLC reduced its stake in Matador Resources Company by 4.6%, now holding 115,088 shares worth approximately $5.88 million after selling 5,601 shares.
• Matador Resources recently declared a quarterly dividend of $0.3125 per share, with a payout ratio of 18.30% and an annual yield of 2.5%.
• Analysts have maintained a Moderate Buy rating for Matador Resources, with price targets ranging from $48.00 to $74.00.

Curi RMB Capital LLC lessened its position in shares of Matador Resources Company (NYSE:MTDR - Free Report) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,088 shares of the energy company's stock after selling 5,601 shares during the quarter. Curi RMB Capital LLC owned about 0.09% of Matador Resources worth $5,880,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Matador Resources by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company's stock valued at $690,310,000 after buying an additional 956,090 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Matador Resources by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,464,857 shares of the energy company's stock worth $279,192,000 after purchasing an additional 20,134 shares during the period. LSV Asset Management boosted its holdings in shares of Matador Resources by 50.9% in the 1st quarter. LSV Asset Management now owns 2,289,379 shares of the energy company's stock worth $116,964,000 after purchasing an additional 772,071 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Matador Resources by 30.5% in the 1st quarter. Wellington Management Group LLP now owns 2,043,715 shares of the energy company's stock worth $104,413,000 after purchasing an additional 477,236 shares during the period. Finally, Beck Mack & Oliver LLC boosted its holdings in shares of Matador Resources by 6.8% in the 1st quarter. Beck Mack & Oliver LLC now owns 1,514,928 shares of the energy company's stock worth $77,398,000 after purchasing an additional 96,562 shares during the period. Hedge funds and other institutional investors own 91.98% of the company's stock.

Matador Resources Stock Up 2.5%

Shares of MTDR traded up $1.19 during trading hours on Wednesday, hitting $48.45. The company had a trading volume of 247,288 shares, compared to its average volume of 1,675,400. The company has a market capitalization of $6.03 billion, a PE ratio of 7.10 and a beta of 1.49. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.57. Matador Resources Company has a one year low of $35.19 and a one year high of $64.04. The company's fifty day moving average price is $49.34 and its two-hundred day moving average price is $46.99.

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

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a 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 a number of recent research reports. KeyCorp dropped their target price on Matador Resources from $62.00 to $61.00 and set an "overweight" rating for the company in a report on Wednesday, September 3rd. Morgan Stanley lifted their target price on Matador Resources from $60.00 to $62.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. UBS Group decreased their price target on Matador Resources from $49.00 to $48.00 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. TD Cowen raised Matador Resources to a "strong-buy" rating in a research note on Monday, July 7th. Finally, Mizuho decreased their price target on Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.53.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran bought 5,000 shares of Matador Resources stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 6,606 shares of the company's stock, valued at approximately $324,817.02. This represents a 311.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.80% of the stock is owned by corporate insiders.

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.