Hsbc Holdings PLC Cuts Stake in Matador Resources Company $MTDR

Hsbc Holdings PLC lowered its stake in shares of Matador Resources Company (NYSE:MTDR) by 44.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,282 shares of the energy company’s stock after selling 17,333 shares during the quarter. Hsbc Holdings PLC’s holdings in Matador Resources were worth $900,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in Matador Resources by 1,104.8% in the first quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock valued at $103,000 after acquiring an additional 1,845 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Matador Resources by 361.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after purchasing an additional 690 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Matador Resources during the 2nd quarter worth approximately $255,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Matador Resources in the 2nd quarter worth approximately $5,126,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Matador Resources by 767.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock worth $156,000 after purchasing an additional 2,885 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Up 3.5%

MTDR opened at $53.13 on Tuesday. Matador Resources Company has a 12 month low of $37.14 and a 12 month high of $66.84. The company has a market cap of $6.60 billion, a PE ratio of 13.66 and a beta of 0.74. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average of $53.96 and a 200 day moving average of $52.59.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. The business had revenue of $941.60 million for the quarter, compared to analysts’ expectations of $871.57 million. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The business’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.99 EPS. On average, sell-side analysts expect that Matador Resources Company will post 7.06 EPS for the current year.

Matador Resources Announces Dividend

The business also recently disclosed 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, May 8th. Matador Resources’s payout ratio is presently 38.56%.

Insider Activity at Matador Resources

In related news, COO Glenn W. Stetson acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average price of $53.41 per share, with a total value of $26,705.00. Following the acquisition, the chief operating officer owned 95,470 shares of the company’s stock, valued at approximately $5,099,052.70. This trade represents a 0.53% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joseph Wm Foran bought 2,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was bought at an average price of $53.07 per share, with a total value of $106,140.00. Following the purchase, the chief executive officer owned 11,479 shares in the company, valued at $609,190.53. This trade represents a 21.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 11,907 shares of company stock worth $635,712. 5.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MTDR. TD Cowen increased their price objective on Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 17th. BMO Capital Markets boosted their target price on Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. KeyCorp boosted their target price on Matador Resources from $61.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Roth Capital raised Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Monday, June 22nd. Finally, Citigroup cut their price target on Matador Resources from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average price target of $64.38.

Matador Resources Company 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.