Matador Resources Company (NYSE:MTDR) Stock Holdings Trimmed by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC decreased its stake in shares of Matador Resources Company (NYSE:MTDR - Free Report) by 17.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 389,403 shares of the energy company's stock after selling 82,832 shares during the period. TimesSquare Capital Management LLC owned 0.31% of Matador Resources worth $19,895,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in shares of Matador Resources in the fourth quarter valued at $5,085,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Matador Resources by 48.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,982 shares of the energy company's stock valued at $1,743,000 after purchasing an additional 10,139 shares during the period. HighTower Advisors LLC grew its position in shares of Matador Resources by 8.4% in the fourth quarter. HighTower Advisors LLC now owns 7,768 shares of the energy company's stock valued at $437,000 after purchasing an additional 604 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Matador Resources in the fourth quarter valued at $519,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock valued at $28,000 after purchasing an additional 256 shares during the period. Hedge funds and other institutional investors own 91.98% of the company's stock.

Matador Resources Stock Down 0.1%

Shares of MTDR traded down $0.07 during midday trading on Friday, reaching $51.69. 1,118,301 shares of the company were exchanged, compared to its average volume of 1,564,633. The stock has a 50-day moving average price of $47.68 and a 200-day moving average price of $49.82. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 6.94 and a beta of 1.46. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $66.03. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.56.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The energy company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.25. The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $980.87 million. Matador Resources had a return on equity of 18.45% and a net margin of 24.97%. The firm's quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 earnings per share. Research analysts expect that Matador Resources Company will post 8.53 earnings per share for the current year.

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

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, August 15th. Matador Resources's dividend payout ratio is presently 16.78%.

Insider Activity at Matador Resources

In other Matador Resources news, EVP William Thomas Elsener purchased 750 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average price of $40.10 per share, for a total transaction of $30,075.00. Following the completion of the purchase, the executive vice president owned 111,197 shares in the company, valued at $4,458,999.70. The trade was a 0.68% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Van H. Singleton II purchased 1,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average price of $40.72 per share, for a total transaction of $40,720.00. Following the purchase, the insider owned 291,135 shares of the company's stock, valued at approximately $11,855,017.20. This represents a 0.34% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 14,850 shares of company stock valued at $601,103 over the last 90 days. Corporate insiders own 5.80% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. KeyCorp lowered their price objective on Matador Resources from $72.00 to $60.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. UBS Group lifted their price objective on Matador Resources from $46.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday. Stephens lowered their price objective on Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their target price on Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, Mizuho reduced their target price on Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.13.

Matador Resources 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.