Capital Fund Management S.A. Cuts Stock Holdings in Matador Resources (NYSE:MTDR)

Capital Fund Management S.A. decreased its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 29.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,300 shares of the energy company's stock after selling 9,569 shares during the quarter. Capital Fund Management S.A.'s holdings in Matador Resources were worth $1,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MTDR. Stifel Financial Corp increased its stake in Matador Resources by 81.2% in the third quarter. Stifel Financial Corp now owns 30,304 shares of the energy company's stock valued at $1,498,000 after acquiring an additional 13,583 shares during the last quarter. Barclays PLC increased its stake in shares of Matador Resources by 16.1% during the third 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. M&T Bank Corp grew its stake in shares of Matador Resources by 46.3% in the third quarter. M&T Bank Corp now owns 10,426 shares of the energy company's stock worth $515,000 after acquiring an additional 3,299 shares during the last quarter. Geode Capital Management LLC boosted its stake in Matador Resources by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company's stock valued at $99,297,000 after purchasing an additional 36,921 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its position in Matador Resources by 6.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,081 shares of the energy company's stock worth $252,000 after buying an additional 310 shares during the last quarter. Institutional investors own 91.98% of the company's stock.

Matador Resources Trading Down 4.0 %

Shares of NYSE:MTDR traded down $1.67 during mid-day trading on Monday, hitting $39.81. The company had a trading volume of 284,997 shares, compared to its average volume of 1,550,451. Matador Resources has a one year low of $35.19 and a one year high of $67.51. The company has a market capitalization of $4.98 billion, a PE ratio of 5.58 and a beta of 2.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The firm has a fifty day moving average price of $48.21 and a 200 day moving average price of $53.82.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The firm had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. As a group, research analysts forecast that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be given a dividend of $0.3125 per share. The ex-dividend date is Friday, May 9th. This represents a $1.25 annualized dividend and a yield of 3.14%. Matador Resources's payout ratio is 17.51%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MTDR shares. Stephens decreased their price target on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Royal Bank of Canada reduced their target price on shares of Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. cut their target price on Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company reduced their price target on shares of Matador Resources from $87.00 to $86.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Morgan Stanley decreased their target price 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. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $72.43.

Insiders Place Their Bets

In related news, CEO Joseph Wm Foran bought 6,000 shares of the stock in a transaction on Friday, February 21st. The shares were acquired at an average price of $53.94 per share, for a total transaction of $323,640.00. Following the purchase, the chief executive officer now owns 39,379 shares of the company's stock, valued at approximately $2,124,103.26. The trade was a 17.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul W. Harvey purchased 600 shares of the company's stock in a transaction dated Friday, February 21st. The stock was purchased at an average price of $55.20 per share, for a total transaction of $33,120.00. Following the completion of the purchase, the director now owns 27,917 shares in the company, valued at approximately $1,541,018.40. The trade was a 2.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 21,350 shares of company stock valued at $1,100,769 in the last ninety days. Company insiders own 6.10% of the company's stock.

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.