Matador Resources (NYSE:MTDR) Stock Holdings Trimmed by Voya Investment Management LLC

Voya Investment Management LLC lessened its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,071 shares of the energy company's stock after selling 16,722 shares during the quarter. Voya Investment Management LLC owned about 0.08% of Matador Resources worth $5,686,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MTDR. Barclays PLC lifted its stake in shares of Matador Resources by 16.1% in 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 during the period. Tidal Investments LLC acquired a new stake in shares of Matador Resources during the 3rd quarter valued at approximately $423,000. Synovus Financial Corp increased its stake in Matador Resources by 32.1% in the 3rd quarter. Synovus Financial Corp now owns 22,753 shares of the energy company's stock valued at $1,124,000 after purchasing an additional 5,529 shares in the last quarter. Franklin Resources Inc. boosted its position in Matador Resources by 12.0% during the third quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company's stock worth $54,122,000 after purchasing an additional 107,827 shares in the last quarter. Finally, American Trust raised its stake in shares of Matador Resources by 60.9% during the 3rd quarter. American Trust now owns 5,630 shares of the energy company's stock worth $278,000 after buying an additional 2,130 shares during the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Matador Resources news, CEO Joseph Wm Foran bought 2,500 shares of the stock in a transaction dated Monday, May 5th. The stock was bought at an average cost of $39.93 per share, for a total transaction of $99,825.00. Following the completion of the purchase, the chief executive officer now directly owns 58,256 shares of the company's stock, valued at approximately $2,326,162.08. The trade was a 4.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP William Thomas Elsener purchased 750 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average price of $40.10 per share, for a total transaction of $30,075.00. Following the purchase, the executive vice president now owns 111,197 shares of the company's stock, valued at approximately $4,458,999.70. This represents a 0.68 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 33,400 shares of company stock valued at $1,590,704. Corporate insiders own 6.10% of the company's stock.

Matador Resources Trading Up 2.9 %

NYSE:MTDR traded up $1.14 on Tuesday, hitting $40.79. 310,418 shares of the stock were exchanged, compared to its average volume of 1,589,418. The stock has a fifty day moving average of $44.95 and a 200-day moving average of $52.86. The stock has a market cap of $5.11 billion, a PE ratio of 5.73 and a beta of 2.74. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $66.89.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.25. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $980.87 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm's quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 EPS. As a group, equities analysts expect that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources announced that its board has initiated a stock repurchase plan on Wednesday, April 23rd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the energy company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Matador Resources Announces Dividend

The business 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 dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 annualized dividend and a dividend yield of 3.06%. Matador Resources's payout ratio is currently 16.78%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MTDR. Stephens dropped their price objective on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company dropped their price target on Matador Resources from $86.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. JPMorgan Chase & Co. reduced their price objective on Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. KeyCorp decreased their price objective on Matador Resources from $72.00 to $60.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Raymond James cut their target price on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $70.33.

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.