Deutsche Bank AG Trims Position in Matador Resources Company $MTDR

Deutsche Bank AG cut its holdings in Matador Resources Company (NYSE:MTDR - Free Report) by 14.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,893 shares of the energy company's stock after selling 16,070 shares during the quarter. Deutsche Bank AG owned 0.08% of Matador Resources worth $4,848,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC lifted its stake in Matador Resources by 0.4% in the first quarter. Concurrent Investment Advisors LLC now owns 55,482 shares of the energy company's stock valued at $2,835,000 after buying an additional 244 shares during the period. State of Wyoming lifted its stake in Matador Resources by 11.6% in the fourth quarter. State of Wyoming now owns 2,772 shares of the energy company's stock valued at $156,000 after buying an additional 288 shares during the period. State of Michigan Retirement System lifted its stake in Matador Resources by 1.1% in the first quarter. State of Michigan Retirement System now owns 27,800 shares of the energy company's stock valued at $1,420,000 after buying an additional 300 shares during the period. Louisiana State Employees Retirement System lifted its stake in Matador Resources by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the energy company's stock valued at $1,660,000 after buying an additional 300 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in Matador Resources by 3.2% in the first quarter. Janney Montgomery Scott LLC now owns 10,868 shares of the energy company's stock valued at $555,000 after buying an additional 340 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Joseph Wm Foran acquired 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average price of $46.25 per share, with a total value of $92,500.00. Following the acquisition, the chief executive officer owned 8,606 shares in the company, valued at $398,027.50. The trade was a 30.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MTDR. Raymond James Financial boosted their price target on Matador Resources from $60.00 to $63.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Wells Fargo & Company lowered their target price on Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a research report on Monday, June 16th. Mizuho lowered their price target on Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. UBS Group lowered their price target on Matador Resources from $49.00 to $48.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, TD Cowen raised Matador Resources to a "strong-buy" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Matador Resources presently has a consensus rating of "Moderate Buy" and an average price target of $67.60.

Matador Resources Stock Performance

Shares of Matador Resources stock traded up $1.8750 during trading hours on Friday, hitting $48.2150. 181,094 shares of the company's stock traded hands, compared to its average volume of 1,701,248. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $64.04. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 7.05 and a beta of 1.49. The company has a fifty day simple moving average of $49.47 and a 200-day simple moving average of $47.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81.

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 firm had revenue of $895.31 million during the quarter, compared to analyst estimates of $892.86 million. During the same period last year, the firm posted $2.05 EPS. The business's revenue was up 8.2% compared to the same quarter last year. Equities research analysts anticipate that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.25 annualized dividend and a yield of 2.6%. Matador Resources's dividend payout ratio (DPR) is 18.30%.

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.