Deutsche Bank AG Cuts Stock Position in Matador Resources (NYSE:MTDR)

Deutsche Bank AG decreased its holdings in Matador Resources (NYSE:MTDR - Free Report) by 25.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,963 shares of the energy company's stock after selling 38,367 shares during the period. Deutsche Bank AG owned approximately 0.09% of Matador Resources worth $6,243,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MTDR. Altshuler Shaham Ltd purchased a new stake in Matador Resources during the 4th quarter valued at $25,000. TCTC Holdings LLC boosted its position in Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock valued at $28,000 after buying an additional 175 shares during the period. EverSource Wealth Advisors LLC boosted its position in Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock valued at $28,000 after buying an additional 256 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock valued at $29,000 after buying an additional 207 shares during the period. Finally, SRS Capital Advisors Inc. lifted its position in shares of Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock worth $33,000 after purchasing an additional 453 shares during the period. Hedge funds and other institutional investors own 91.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. UBS Group assumed coverage on Matador Resources in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $47.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Stephens reduced their price target on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company lowered their target price on Matador Resources from $86.00 to $80.00 and set an "overweight" rating for the company in a report on Monday, April 28th. 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 research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $69.44.

Insiders Place Their Bets

In other news, COO Christopher P. Calvert purchased 1,300 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average price of $55.17 per share, for a total transaction of $71,721.00. Following the completion of the purchase, the chief operating officer now directly owns 34,000 shares of the company's stock, valued at $1,875,780. The trade was a 3.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joseph Wm Foran acquired 2,500 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was bought at an average price of $39.63 per share, with a total value of $99,075.00. Following the purchase, the chief executive officer now directly owns 60,756 shares of the company's stock, valued at $2,407,760.28. This represents a 4.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 36,200 shares of company stock worth $1,701,872 over the last three months. Company insiders own 6.10% of the company's stock.

Matador Resources Trading Down 0.1%

Matador Resources stock traded down $0.04 during mid-day trading on Tuesday, hitting $44.25. The company's stock had a trading volume of 1,394,936 shares, compared to its average volume of 1,629,305. Matador Resources has a 1 year low of $35.19 and a 1 year high of $66.89. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $5.54 billion, a PE ratio of 6.20 and a beta of 1.47. The stock's fifty day moving average is $44.10 and its two-hundred day moving average is $52.27.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.25. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $980.87 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The company's quarterly revenue was up 28.7% on a year-over-year basis. During the same period last year, the company earned $1.71 EPS. On average, analysts anticipate that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Friday, May 9th. Matador Resources's dividend payout ratio is currently 16.78%.

Matador Resources declared that its board has initiated a share buyback program on Wednesday, April 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the energy company to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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.