Matador Resources (NYSE:MTDR) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. decreased its position in Matador Resources (NYSE:MTDR - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the energy company's stock after selling 50,000 shares during the quarter. Adage Capital Partners GP L.L.C.'s holdings in Matador Resources were worth $2,813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new stake in Matador Resources in the 4th quarter valued at about $25,000. TCTC Holdings LLC grew its stake in Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock valued at $28,000 after purchasing an additional 175 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Matador Resources by 108.5% during the 4th 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 last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after purchasing an additional 207 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock worth $33,000 after buying an additional 453 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company's stock.

Matador Resources Stock Up 1.5 %

Shares of NYSE MTDR traded up $0.59 during trading on Friday, reaching $41.08. The company had a trading volume of 1,536,673 shares, compared to its average volume of 1,590,178. The stock has a market cap of $5.14 billion, a PE ratio of 5.75 and a beta of 2.74. The business's 50-day moving average is $45.20 and its 200 day moving average is $52.93. Matador Resources has a 12-month low of $35.19 and a 12-month high of $66.89. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results 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 business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $980.87 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The firm's revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 EPS. As a group, equities analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 3.04%. The ex-dividend date is Friday, May 9th. Matador Resources's dividend payout ratio is currently 16.78%.

Matador Resources declared that its Board of Directors has initiated a share buyback program on Wednesday, April 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the energy company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley dropped their price objective on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Stephens decreased their price objective on Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company dropped their price objective on shares of Matador Resources from $86.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday. Benchmark reiterated a "buy" rating and issued a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Finally, KeyCorp lowered their price target on shares of Matador Resources from $72.00 to $60.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $70.33.

Insider Buying and Selling

In other news, EVP William Thomas Elsener bought 750 shares of the stock in a transaction dated Thursday, May 1st. The stock was purchased at an average price of $40.10 per share, for a total transaction of $30,075.00. Following the acquisition, the executive vice president now owns 111,197 shares of the company's stock, valued at $4,458,999.70. The trade was a 0.68 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Christopher P. Calvert acquired 1,300 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of $55.17 per share, with a total value of $71,721.00. Following the acquisition, the chief operating officer now owns 34,000 shares in the company, valued at $1,875,780. This trade represents a 3.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 28,400 shares of company stock worth $1,388,464. 6.10% of the stock is owned by corporate insiders.

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.