Natixis Advisors LLC Sells 62,839 Shares of Matador Resources Company (NYSE:MTDR)

Natixis Advisors LLC cut its stake in Matador Resources Company (NYSE:MTDR - Free Report) by 27.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,572 shares of the energy company's stock after selling 62,839 shares during the quarter. Natixis Advisors LLC owned 0.13% of Matador Resources worth $8,459,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Bayforest Capital Ltd grew its stake in shares of Matador Resources by 35.6% in the first quarter. Bayforest Capital Ltd now owns 1,858 shares of the energy company's stock worth $95,000 after acquiring an additional 488 shares during the period. Vestcor Inc bought a new stake in shares of Matador Resources in the first quarter worth approximately $403,000. XTX Topco Ltd bought a new stake in Matador Resources during the first quarter valued at approximately $471,000. Fiera Capital Corp grew its position in Matador Resources by 1.7% during the first quarter. Fiera Capital Corp now owns 61,077 shares of the energy company's stock valued at $3,120,000 after buying an additional 1,034 shares during the period. Finally, LPL Financial LLC grew its position in Matador Resources by 21.7% during the first quarter. LPL Financial LLC now owns 81,175 shares of the energy company's stock valued at $4,147,000 after buying an additional 14,461 shares during the period. 91.98% of the stock is currently owned by institutional investors.

Insider Activity at Matador Resources

In related news, CEO Joseph Wm Foran bought 2,500 shares of the stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average price of $39.63 per share, with a total value of $99,075.00. Following the completion of the acquisition, the chief executive officer owned 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.80% of the company's stock.

Matador Resources Stock Performance

MTDR opened at $47.65 on Tuesday. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $64.04. The company has a 50 day simple moving average of $49.16 and a two-hundred day simple moving average of $48.85. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81. The firm has a market cap of $5.93 billion, a P/E ratio of 6.98 and a beta of 1.49.

Matador Resources (NYSE:MTDR - Get Free Report) last released 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. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The firm had revenue of $895.31 million for the quarter, compared to the consensus estimate of $892.86 million. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The company's quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts forecast that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources declared that its board has approved a stock 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Matador Resources Announces Dividend

The business 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 18.30%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank Of Canada cut their target price on shares of Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. KeyCorp boosted their target price on shares of Matador Resources from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Wells Fargo & Company cut their target price on shares of Matador Resources from $80.00 to $74.00 and set an "overweight" rating for the company in a research report on Monday, June 16th. Bank of America assumed coverage on shares of Matador Resources in a research report on Monday, May 19th. They set a "buy" rating and a $56.00 target price for the company. Finally, Stephens cut their target price on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $68.00.

Matador Resources Company 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.

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