Matador Resources (NYSE:MTDR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Matador Resources (NYSE:MTDR) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,630,227 shares of the energy company’s stock after selling 121,875 shares during the quarter. Victory Capital Management Inc. owned about 2.11% of Matador Resources worth $147,977,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MTDR. Wealth Enhancement Advisory Services LLC lifted its holdings in Matador Resources by 43.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,517 shares of the energy company’s stock worth $520,000 after purchasing an additional 3,181 shares during the period. State of Alaska Department of Revenue lifted its holdings in Matador Resources by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 13,533 shares of the energy company’s stock worth $668,000 after purchasing an additional 915 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Matador Resources by 113.5% in the third quarter. Harbor Capital Advisors Inc. now owns 27,649 shares of the energy company’s stock worth $1,366,000 after purchasing an additional 14,696 shares during the period. QRG Capital Management Inc. lifted its holdings in Matador Resources by 13.2% in the third quarter. QRG Capital Management Inc. now owns 5,133 shares of the energy company’s stock worth $254,000 after purchasing an additional 598 shares during the period. Finally, Summit Global Investments acquired a new stake in Matador Resources in the third quarter worth about $906,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MTDR shares. Mizuho reduced their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Stephens boosted their price target on shares of Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Wells Fargo & Company boosted their price target on shares of Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. TD Cowen boosted their price target on shares of Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Benchmark reiterated a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and an average target price of $75.14.

Insider Buying and Selling at Matador Resources

In other news, EVP William Thomas Elsener purchased 800 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $56.60 per share, with a total value of $45,280.00. Following the purchase, the executive vice president now owns 102,964 shares in the company, valued at $5,827,762.40. This represents a 0.78 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph Wm Foran purchased 6,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average cost of $53.94 per share, with a total value of $323,640.00. Following the purchase, the chief executive officer now owns 39,379 shares in the company, valued at $2,124,103.26. This represents a 17.98 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,330 shares of company stock valued at $1,082,536 in the last 90 days. 6.10% of the stock is currently owned by corporate insiders.

Matador Resources Price Performance

NYSE MTDR opened at $45.84 on Thursday. The stock’s 50-day moving average price is $57.74 and its two-hundred day moving average price is $55.57. 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 company has a market cap of $5.74 billion, a PE ratio of 6.42 and a beta of 3.22. Matador Resources has a 1 year low of $43.89 and a 1 year high of $71.08.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. On average, analysts predict that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is 17.51%.

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.