Ieq Capital LLC Has $1.32 Million Stock Holdings in Matador Resources Company $MTDR

Key Points

• Ieq Capital LLC sold 26,906 shares of Matador Resources Company, reducing its stake by 51.1%, leaving it with 25,743 shares valued at $1.315 million.
• Matador Resources reported earnings of $1.53 per share, exceeding expectations, and experienced an 8.2% revenue increase year-over-year, totaling $895.31 million.
• The company declared a quarterly dividend of $0.3125 per share, with a dividend yield of 2.5% and a payout ratio of 18.30%.

Ieq Capital LLC reduced its stake in shares of Matador Resources Company (NYSE:MTDR - Free Report) by 51.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,743 shares of the energy company's stock after selling 26,906 shares during the period. Ieq Capital LLC's holdings in Matador Resources were worth $1,315,000 at the end of the most recent quarter.

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

Insider Activity at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran bought 5,000 shares of Matador Resources stock in a transaction dated Friday, August 1st. The shares were acquired at an average cost of $49.17 per share, with a total value of $245,850.00. Following the acquisition, the chief executive officer directly owned 6,606 shares of the company's stock, valued at $324,817.02. The trade was a 311.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.80% of the stock is owned by insiders.

Matador Resources Price Performance

Shares of MTDR traded down $1.90 on Friday, hitting $48.11. The company's stock had a trading volume of 769,448 shares, compared to its average volume of 1,685,056. The company has a market capitalization of $5.99 billion, a PE ratio of 7.05 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. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The company has a 50 day moving average price of $49.40 and a 200 day moving average price of $47.23.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The energy company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.29 by $0.24. The business had revenue of $895.31 million for the quarter, compared to the consensus estimate of $892.86 million. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.Matador Resources's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 EPS. On average, research analysts anticipate 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 will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, August 15th. Matador Resources's payout ratio is presently 18.30%.

Analysts Set New Price Targets

MTDR has been the topic of several research reports. Morgan Stanley boosted their price target on Matador Resources from $60.00 to $62.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. UBS Group lowered their price target on Matador Resources from $49.00 to $48.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. Wells Fargo & Company lowered their price target on Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a research note on Monday, June 16th. William Blair assumed coverage on Matador Resources in a report on Monday, August 25th. They set an "outperform" rating on the stock. Finally, TD Cowen raised Matador Resources to a "strong-buy" rating in a report on Monday, July 7th. 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 company's stock. Based on data from MarketBeat, Matador Resources presently has an average rating of "Moderate Buy" and a consensus target price of $67.53.

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.