Natixis Advisors LLC Sells 36,959 Shares of Matador Resources Company $MTDR

Natixis Advisors LLC reduced its holdings in shares of Matador Resources Company (NYSE:MTDR) by 15.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 207,584 shares of the energy company’s stock after selling 36,959 shares during the quarter. Natixis Advisors LLC’s holdings in Matador Resources were worth $8,810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Matador Resources by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 14,780,888 shares of the energy company’s stock worth $664,105,000 after buying an additional 101,613 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Matador Resources by 4.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,411,520 shares of the energy company’s stock worth $288,079,000 after buying an additional 259,299 shares during the last quarter. LSV Asset Management lifted its position in shares of Matador Resources by 8.8% during the 4th quarter. LSV Asset Management now owns 3,842,011 shares of the energy company’s stock worth $163,055,000 after buying an additional 309,708 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Matador Resources by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,236,457 shares of the energy company’s stock worth $94,942,000 after buying an additional 18,729 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Matador Resources by 6.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,064,037 shares of the energy company’s stock worth $92,737,000 after buying an additional 129,863 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MTDR has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on Matador Resources from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. UBS Group upped their price objective on Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Weiss Ratings downgraded Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Zacks Research downgraded Matador Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Truist Financial upgraded Matador Resources from a “hold” rating to a “buy” rating and increased their target price for the company from $60.00 to $67.00 in a research report on Tuesday, May 12th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.08.

Matador Resources Trading Down 0.0%

Shares of MTDR stock opened at $53.54 on Monday. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 13.76 and a beta of 0.75. The stock has a 50-day moving average of $59.01 and a 200-day moving average of $51.01. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. Matador Resources Company has a 1-year low of $37.14 and a 1-year high of $66.84.

Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business had revenue of $941.60 million during the quarter, compared to analysts’ expectations of $871.57 million. During the same quarter last year, the firm posted $1.99 earnings per share. The firm’s revenue was down 33.8% on a year-over-year basis. On average, equities research analysts forecast that Matador Resources Company will post 7.47 earnings per share for the current year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.50 annualized dividend and a yield of 2.8%. Matador Resources’s dividend payout ratio (DPR) is currently 38.56%.

Insider Buying and Selling

In other Matador Resources news, CEO Joseph Wm Foran bought 482 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $52.70 per share, with a total value of $25,401.40. Following the completion of the purchase, the chief executive officer directly owned 7,479 shares of the company’s stock, valued at approximately $394,143.30. This trade represents a 6.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Glenn W. Stetson bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average cost of $53.94 per share, with a total value of $26,970.00. Following the purchase, the chief operating officer directly owned 94,970 shares of the company’s stock, valued at $5,122,681.80. This trade represents a 0.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 7,407 shares of company stock valued at $390,367 over the last 90 days. Company insiders own 5.90% of the company’s stock.

Matador Resources Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non?operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.