Matador Resources (NYSE:MTDR) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC reduced its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 503,916 shares of the energy company's stock after selling 26,706 shares during the quarter. Copeland Capital Management LLC owned approximately 0.42% of Matador Resources worth $28,653,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MTDR. BlackRock Inc. grew its position in shares of Matador Resources by 2.7% in the 2nd quarter. BlackRock Inc. now owns 13,783,424 shares of the energy company's stock worth $721,149,000 after buying an additional 366,773 shares during the period. Vanguard Group Inc. grew its position in shares of Matador Resources by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 12,422,915 shares of the energy company's stock worth $658,165,000 after buying an additional 567,557 shares during the period. State Street Corp grew its position in shares of Matador Resources by 7.0% in the 1st quarter. State Street Corp now owns 5,777,669 shares of the energy company's stock worth $306,101,000 after buying an additional 377,853 shares during the period. Invesco Ltd. grew its position in shares of Matador Resources by 82.9% in the 1st quarter. Invesco Ltd. now owns 4,367,715 shares of the energy company's stock worth $231,403,000 after buying an additional 1,979,904 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Matador Resources by 3.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,326,071 shares of the energy company's stock worth $201,552,000 after buying an additional 135,179 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on MTDR shares. Raymond James reduced their target price on shares of Matador Resources from $76.00 to $70.00 and set an "outperform" rating on the stock in a research report on Monday, January 8th. Wells Fargo & Company upped their price target on shares of Matador Resources from $73.00 to $76.00 and gave the stock an "overweight" rating in a research note on Thursday, March 7th. TD Cowen upped their price target on shares of Matador Resources from $64.00 to $72.00 and gave the stock an "outperform" rating in a research note on Monday, March 4th. Mizuho upped their price target on shares of Matador Resources from $67.00 to $76.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. Finally, KeyCorp dropped their price target on shares of Matador Resources from $76.00 to $71.00 and set an "overweight" rating on the stock in a research note on Thursday, January 11th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Matador Resources has an average rating of "Moderate Buy" and a consensus price target of $71.30.

Matador Resources Stock Performance

MTDR traded up $1.37 during midday trading on Friday, hitting $66.77. 2,727,452 shares of the company traded hands, compared to its average volume of 1,468,022. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $7.98 billion, a PE ratio of 9.47 and a beta of 3.33. The company's 50-day moving average is $60.73 and its 200 day moving average is $59.04. Matador Resources has a 52 week low of $42.04 and a 52 week high of $69.40.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.05). Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The business had revenue of $836.13 million for the quarter, compared to analysts' expectations of $842.96 million. During the same period in the previous year, the company earned $2.08 EPS. Matador Resources's revenue for the quarter was up 18.2% compared to the same quarter last year. On average, research analysts expect that Matador Resources will post 6.72 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, February 23rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Thursday, February 22nd. Matador Resources's payout ratio is currently 11.35%.

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.