Matador Resources (NYSE:MTDR) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 252,193 shares of the energy company's stock after selling 12,388 shares during the period. Ameriprise Financial Inc. owned about 0.20% of Matador Resources worth $14,188,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MTDR. Barclays PLC raised its position in Matador Resources by 16.1% during the 3rd quarter. Barclays PLC now owns 190,035 shares of the energy company's stock valued at $9,391,000 after purchasing an additional 26,289 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Matador Resources by 35.1% in the 4th quarter. Park Avenue Securities LLC now owns 8,118 shares of the energy company's stock worth $457,000 after acquiring an additional 2,108 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of Matador Resources in the 4th quarter worth $251,000. Spring Capital Management LLC raised its position in shares of Matador Resources by 89.5% in the 4th quarter. Spring Capital Management LLC now owns 50,827 shares of the energy company's stock worth $2,860,000 after acquiring an additional 24,000 shares in the last quarter. Finally, Value Holdings Management CO. LLC raised its position in shares of Matador Resources by 2.1% in the 4th quarter. Value Holdings Management CO. LLC now owns 684,008 shares of the energy company's stock worth $38,483,000 after acquiring an additional 14,000 shares in the last quarter. 91.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Matador Resources

In other news, EVP William Thomas Elsener purchased 750 shares of the company's stock in a transaction 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 purchase, the executive vice president now owns 111,197 shares in the company, valued at $4,458,999.70. This trade represents a 0.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Robert T. Macalik purchased 1,200 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $47.98 per share, for a total transaction of $57,576.00. Following the purchase, the chief accounting officer now owns 31,000 shares in the company, valued at approximately $1,487,380. The trade was a 4.03% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 25,300 shares of company stock worth $1,113,911. 6.10% of the stock is currently owned by insiders.

Matador Resources Stock Performance

MTDR stock traded down $0.18 during trading on Friday, reaching $43.42. The company had a trading volume of 1,046,970 shares, compared to its average volume of 1,631,192. The firm has a 50-day simple moving average of $43.73 and a 200-day simple moving average of $52.08. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 6.08 and a beta of 1.47. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. Matador Resources has a twelve month low of $35.19 and a twelve month high of $66.89.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.25. The business had revenue of $1.01 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.71 EPS. As a group, sell-side analysts expect that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources announced that its Board of Directors has approved a share repurchase program on Wednesday, April 23rd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the energy company to buy up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 annualized dividend and a yield of 2.88%. Matador Resources's payout ratio is presently 16.78%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MTDR. KeyCorp reduced their price target 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. Morgan Stanley reduced their price target on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. JPMorgan Chase & Co. reduced their price target on Matador Resources from $65.00 to $61.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. UBS Group began coverage on Matador Resources in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $47.00 price target for the company. Finally, Royal Bank of Canada reduced their price target on Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $69.44.

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.