Matador Resources Company $MTDR Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its holdings in Matador Resources by 25.3%, selling 25,605 shares and owning approximately 0.06% of the company with a value of $3.86 million.
• Several hedge funds made changes to their positions in Matador Resources, with institutional investors owning nearly 92% of the company's stock.
• Analysts have varying outlooks on Matador Resources, with one issuing a strong-buy rating; the stock has an average rating of Moderate Buy and a consensus price target of $67.27.

Voya Investment Management LLC decreased its holdings in shares of Matador Resources Company (NYSE:MTDR - Free Report) by 25.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,466 shares of the energy company's stock after selling 25,605 shares during the quarter. Voya Investment Management LLC owned about 0.06% of Matador Resources worth $3,856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its position in Matador Resources by 24.0% in the 4th quarter. Cetera Investment Advisers now owns 8,070 shares of the energy company's stock worth $454,000 after purchasing an additional 1,562 shares during the last quarter. Quantinno Capital Management LP grew its stake in Matador Resources by 71.3% during the fourth quarter. Quantinno Capital Management LP now owns 13,141 shares of the energy company's stock worth $739,000 after buying an additional 5,471 shares in the last quarter. ProShare Advisors LLC raised its holdings in Matador Resources by 7.3% in the 4th quarter. ProShare Advisors LLC now owns 5,430 shares of the energy company's stock valued at $305,000 after buying an additional 369 shares during the last quarter. State of Wyoming increased its stake in shares of Matador Resources by 11.6% in the 4th quarter. State of Wyoming now owns 2,772 shares of the energy company's stock valued at $156,000 after acquiring an additional 288 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Matador Resources by 16.9% during the 4th quarter. Two Sigma Investments LP now owns 29,916 shares of the energy company's stock worth $1,683,000 after acquiring an additional 4,324 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP William Thomas Elsener acquired 600 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were bought at an average price of $48.46 per share, with a total value of $29,076.00. Following the completion of the acquisition, the executive vice president owned 112,069 shares in the company, valued at $5,430,863.74. This represents a 0.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Christopher P. Calvert bought 1,000 shares of the stock in a transaction dated Friday, September 12th. The stock was bought at an average cost of $47.77 per share, for a total transaction of $47,770.00. Following the acquisition, the chief operating officer directly owned 37,500 shares of the company's stock, valued at approximately $1,791,375. This represents a 2.74% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 11,380 shares of company stock worth $549,188 over the last three months. 5.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MTDR shares. Wells Fargo & Company cut their target price on shares of Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a report on Monday, June 16th. KeyCorp lowered their target price on Matador Resources from $62.00 to $61.00 and set an "overweight" rating for the company in a report on Wednesday, September 3rd. UBS Group dropped their target price on Matador Resources from $49.00 to $48.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. William Blair initiated coverage on Matador Resources in a research report on Monday, August 25th. They issued an "outperform" rating on the stock. Finally, TD Cowen upgraded Matador Resources to a "strong-buy" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.27.

Matador Resources Trading Up 0.5%

Shares of Matador Resources stock traded up $0.21 on Monday, hitting $45.64. 564,912 shares of the company's stock traded hands, compared to its average volume of 1,674,566. The stock has a market capitalization of $5.68 billion, a PE ratio of 6.68 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 one year low of $35.19 and a one year high of $64.04. The firm's 50-day moving average price is $48.78 and its two-hundred day moving average price is $46.85.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $892.86 million. During the same quarter in the prior year, the business posted $2.05 EPS. The business's revenue was up 8.2% compared to the same quarter last year. On average, research analysts expect 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 was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, August 15th. Matador Resources's dividend payout ratio (DPR) is currently 18.30%.

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.