Matador Resources Company $MTDR Stock Sold by Commons Capital LLC

Commons Capital LLC lowered its stake in shares of Matador Resources Company (NYSE:MTDR) by 49.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 10,000 shares of the energy company’s stock after selling 9,834 shares during the period. Commons Capital LLC’s holdings in Matador Resources were worth $516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in shares of Matador Resources in the third quarter worth approximately $25,000. Center for Financial Planning Inc. purchased a new position in shares of Matador Resources during the first quarter valued at approximately $41,000. Altshuler Shaham Ltd boosted its position in shares of Matador Resources by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock valued at $47,000 after buying an additional 201 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in shares of Matador Resources during the second quarter valued at approximately $44,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Matador Resources during the second quarter valued at approximately $54,000. 91.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MTDR. Stephens upped their price target on Matador Resources from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Scotiabank started coverage on shares of Matador Resources in a report on Thursday, October 15th. They set a “sector perform” rating and a $59.00 price objective on the stock. Wall Street Zen upgraded shares of Matador Resources from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 7th. Wells Fargo & Company lowered their target price on shares of Matador Resources from $77.00 to $76.00 and set an “overweight” rating for the company in a report on Wednesday, October 14th. Finally, Seaport Research Partners initiated coverage on shares of Matador Resources in a research report on Thursday, September 3rd. They set a “neutral” rating on the stock. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.50.

Insider Transactions at Matador Resources

In related news, EVP William Elsener acquired 900 shares of the stock in a transaction on Thursday, November 5th. The shares were acquired at an average price of $51.48 per share, with a total value of $46,332.00. Following the completion of the transaction, the executive vice president owned 115,779 shares in the company, valued at approximately $5,960,302.92. The trade was a 0.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Christopher P. Calvert purchased 2,500 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was bought at an average cost of $56.64 per share, for a total transaction of $141,600.00. Following the acquisition, the chief financial officer directly owned 44,000 shares in the company, valued at $2,492,160. This trade represents a 6.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 14,705 shares of company stock worth $772,016. Company insiders own 5.90% of the company’s stock.

Matador Resources Stock Performance

MTDR stock opened at $52.10 on Thursday. The firm has a market cap of $6.45 billion, a PE ratio of 8.98 and a beta of 0.93. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average of $55.78 and a 200-day moving average of $54.62. Matador Resources Company has a 12-month low of $39.55 and a 12-month high of $66.84.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, November 3rd. The energy company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.23. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.12 billion. Matador Resources had a return on equity of 14.32% and a net margin of 18.60%. Matador Resources’s revenue was up 33.9% on a year-over-year basis. During the same period last year, the business posted $1.36 earnings per share. As a group, sell-side analysts expect that Matador Resources Company will post 8.34 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Tuesday, November 10th will be paid a $0.4375 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.3750. The ex-dividend date is Tuesday, November 10th. This represents a $1.75 dividend on an annualized basis and a yield of 3.4%. Matador Resources’s dividend payout ratio is currently 30.17%.

About Matador Resources

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas. Its operations are focused primarily on the Delaware Basin in southeastern New Mexico and West Texas. Alongside its exploration and production business, Matador provides midstream services through its subsidiary San Mateo Midstream. These activities include gathering and processing natural gas and handling produced water, supporting the company’s operations and serving other producers in the region.