Matador Resources Company $MTDR Shares Sold by Axiom Investors LLC DE

Key Points

• Axiom Investors LLC DE reduced its stake in Matador Resources by 28.2%, selling 60,335 shares and holding approximately 0.12% of the company worth $7.86 million at the end of the reporting period.
• CEO Joseph Wm Foran purchased 5,000 shares of Matador Resources at an average cost of $49.17, increasing his ownership by 311.33% to a total of 6,606 shares.
• Matador Resources recently declared a quarterly dividend of $0.3125 per share, which will be paid on September 5th, reflecting a yield of 2.6%.

Axiom Investors LLC DE cut its stake in Matador Resources Company (NYSE:MTDR - Free Report) by 28.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 153,829 shares of the energy company's stock after selling 60,335 shares during the quarter. Axiom Investors LLC DE owned approximately 0.12% of Matador Resources worth $7,859,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MTDR. MCF Advisors LLC acquired a new position in Matador Resources in the first quarter valued at approximately $26,000. Opal Wealth Advisors LLC acquired a new position in Matador Resources in the first quarter valued at approximately $28,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Matador Resources in the first quarter valued at approximately $50,000. Rakuten Securities Inc. lifted its holdings in Matador Resources by 9,090.9% in the first quarter. Rakuten Securities Inc. now owns 1,011 shares of the energy company's stock valued at $52,000 after acquiring an additional 1,000 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in Matador Resources in the fourth quarter valued at approximately $68,000. 91.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Joseph Wm Foran acquired 5,000 shares of Matador Resources stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $49.17 per share, with a total value of $245,850.00. Following the purchase, the chief executive officer owned 6,606 shares in the company, valued at $324,817.02. This trade represents 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 the SEC website. Corporate insiders own 5.80% of the company's stock.

Matador Resources Stock Up 4.2%

NYSE MTDR opened at $48.2730 on Friday. The business has a fifty day moving average price of $49.40 and a 200 day moving average price of $47.63. Matador Resources Company has a one year low of $35.19 and a one year high of $64.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.81 and a current ratio of 0.85. The company has a market cap of $6.01 billion, a P/E ratio of 7.07 and a beta of 1.49.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The energy company reported $1.53 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 the consensus estimate of $892.86 million. During the same period in the prior year, the company earned $2.05 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. 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 paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, August 15th. Matador Resources's dividend payout ratio is currently 18.30%.

Wall Street Analysts Forecast Growth

MTDR has been the subject of a number of analyst 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 report on Monday, August 18th. TD Cowen raised Matador Resources to a "strong-buy" rating in a research note on Monday, July 7th. Wells Fargo & Company reduced their target price on Matador Resources from $80.00 to $74.00 and set an "overweight" rating for the company in a research note on Monday, June 16th. Mizuho reduced their target price 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. Finally, Bank of America began coverage on Matador Resources in a research note on Monday, May 19th. They set a "buy" rating and a $56.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $67.60.

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.

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