Yaupon Capital Management LP Sells 30,942 Shares of Matador Resources Company $MTDR

Key Points

• Yaupon Capital Management LP reduced its stake in Matador Resources by 4.8% in Q1, selling 30,942 shares, bringing its total holdings to 614,301 shares, valued at approximately $31.4 million.
• Matador Resources reported a quarterly earnings per share of $1.53, exceeding analysts' expectations, with revenue of $895.31 million for the quarter, reflecting an 8.2% year-over-year increase.
• The company announced a quarterly dividend of $0.3125 per share, representing a 2.6% yield, with a payout ratio of 18.30%.

Yaupon Capital Management LP trimmed its position in Matador Resources Company (NYSE:MTDR - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 614,301 shares of the energy company's stock after selling 30,942 shares during the quarter. Matador Resources accounts for approximately 1.6% of Yaupon Capital Management LP's holdings, making the stock its 13th biggest holding. Yaupon Capital Management LP owned about 0.49% of Matador Resources worth $31,385,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Concurrent Investment Advisors LLC increased its holdings in Matador Resources by 0.4% during the first quarter. Concurrent Investment Advisors LLC now owns 55,482 shares of the energy company's stock valued at $2,835,000 after buying an additional 244 shares during the last quarter. State of Wyoming raised its stake in Matador Resources by 11.6% during the 4th quarter. State of Wyoming now owns 2,772 shares of the energy company's stock worth $156,000 after acquiring an additional 288 shares during the period. State of Michigan Retirement System lifted its holdings in Matador Resources by 1.1% during the first quarter. State of Michigan Retirement System now owns 27,800 shares of the energy company's stock valued at $1,420,000 after purchasing an additional 300 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Matador Resources by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the energy company's stock worth $1,660,000 after purchasing an additional 300 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Matador Resources by 3.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,868 shares of the energy company's stock valued at $555,000 after purchasing an additional 340 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Trading Down 1.8%

NYSE:MTDR traded down $0.87 during midday trading on Friday, hitting $47.72. 1,126,581 shares of the company traded hands, compared to its average volume of 1,255,470. The firm's fifty day moving average is $49.23 and its 200-day moving average is $46.90. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $64.04. The firm has a market capitalization of $5.94 billion, a P/E ratio of 6.99 and a beta of 1.49. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.57.

Matador Resources (NYSE:MTDR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.24. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.The business had revenue of $895.31 million for the quarter, compared to analyst estimates of $892.86 million. During the same quarter last year, the firm posted $2.05 earnings per share. The business's revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts predict that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a $0.3125 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.25 dividend on an annualized basis and a yield of 2.6%. Matador Resources's dividend payout ratio (DPR) is presently 18.30%.

Insiders Place Their Bets

In other Matador Resources news, CEO Joseph Wm Foran bought 2,000 shares of Matador Resources stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price of $46.25 per share, for a total transaction of $92,500.00. Following the completion of the purchase, the chief executive officer directly owned 8,606 shares in the company, valued at approximately $398,027.50. This trade represents a 30.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MTDR shares. TD Cowen raised shares of Matador Resources to a "strong-buy" rating in a report on Monday, July 7th. Bank of America started coverage on Matador Resources in a research note on Monday, May 19th. They issued a "buy" rating and a $56.00 price target for the company. UBS Group decreased their price objective on Matador Resources from $49.00 to $48.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Wells Fargo & Company decreased their price objective on Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a report on Monday, June 16th. Finally, William Blair started coverage on Matador Resources in a report on Monday, August 25th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $67.53.

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.