Yaupon Capital Management LP Sells 98,794 Shares of Matador Resources (NYSE:MTDR)

Yaupon Capital Management LP cut its holdings in shares of Matador Resources (NYSE:MTDR - Free Report) by 13.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 645,243 shares of the energy company's stock after selling 98,794 shares during the quarter. Matador Resources comprises 1.5% of Yaupon Capital Management LP's portfolio, making the stock its 12th biggest holding. Yaupon Capital Management LP owned 0.52% of Matador Resources worth $36,301,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MTDR. Barclays PLC increased its holdings 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 last quarter. Sanctuary Advisors LLC bought a new stake in shares of Matador Resources during the 3rd quarter worth about $300,000. Tidal Investments LLC acquired a new position in Matador Resources in the 3rd quarter valued at about $423,000. Synovus Financial Corp raised its holdings 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 acquiring an additional 5,529 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Matador Resources by 12.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company's stock valued at $54,122,000 after acquiring an additional 107,827 shares during the period. Institutional investors own 91.98% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MTDR. Benchmark reiterated a "buy" rating and set a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Wells Fargo & Company dropped their price objective on shares of Matador Resources from $87.00 to $86.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada lowered 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. UBS Group assumed coverage on Matador Resources in a research report on Tuesday, April 22nd. They set a "neutral" rating and a $47.00 price target on the stock. Finally, Wolfe Research upgraded Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 target price for the company in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.73.

Insider Activity

In related news, CAO Robert T. Macalik purchased 1,200 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $47.98 per share, with a total value of $57,576.00. Following the completion of the purchase, the chief accounting officer now owns 31,000 shares in the company, valued at approximately $1,487,380. This trade represents a 4.03 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Wm Foran acquired 6,000 shares of the company's stock in a transaction dated Friday, February 21st. The shares were bought at an average price of $53.94 per share, for a total transaction of $323,640.00. Following the acquisition, the chief executive officer now directly owns 39,379 shares of the company's stock, valued at approximately $2,124,103.26. This trade represents a 17.98 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 21,350 shares of company stock valued at $1,100,769. 6.10% of the stock is currently owned by insiders.

Matador Resources Trading Up 0.9 %

NYSE:MTDR traded up $0.36 during mid-day trading on Friday, hitting $41.11. 2,037,671 shares of the company's stock were exchanged, compared to its average volume of 1,579,407. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $66.89. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $5.15 billion, a P/E ratio of 5.76 and a beta of 2.74. The company has a 50 day simple moving average of $46.56 and a 200-day simple moving average of $53.36.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The energy company reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.25. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $980.87 million. As a group, research analysts expect that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be issued 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 3.04%. Matador Resources's payout ratio is 16.78%.

Matador Resources announced that its Board of Directors has approved a share buyback plan on Wednesday, April 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the energy company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its stock is undervalued.

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.