Mutual of America Capital Management LLC Cuts Stake in Matador Resources (NYSE:MTDR)

Mutual of America Capital Management LLC decreased its holdings in Matador Resources (NYSE:MTDR) by 2.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,296 shares of the energy company’s stock after selling 1,440 shares during the period. Mutual of America Capital Management LLC’s holdings in Matador Resources were worth $3,449,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Copeland Capital Management LLC raised its holdings in Matador Resources by 145.2% during the 4th quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company’s stock valued at $72,223,000 after buying an additional 760,122 shares during the last quarter. Yaupon Capital Management LP raised its holdings in Matador Resources by 565.4% during the 3rd quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock valued at $36,770,000 after buying an additional 632,218 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Matador Resources by 57.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 959,795 shares of the energy company’s stock valued at $53,998,000 after buying an additional 349,820 shares during the last quarter. FMR LLC raised its holdings in Matador Resources by 162.9% during the 3rd quarter. FMR LLC now owns 478,795 shares of the energy company’s stock valued at $23,662,000 after buying an additional 296,663 shares during the last quarter. Finally, HITE Hedge Asset Management LLC bought a new stake in Matador Resources during the 3rd quarter valued at $10,526,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Stephens upped their price target on shares of Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Benchmark reiterated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. Wells Fargo & Company raised their target price 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. Wolfe Research raised shares of 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and an average target price of $75.14.

Matador Resources Trading Down 1.3 %

Shares of NYSE MTDR opened at $45.84 on Thursday. Matador Resources has a 1 year low of $43.89 and a 1 year high of $71.08. The stock has a market cap of $5.74 billion, a P/E ratio of 6.42 and a beta of 3.22. The firm has a 50-day moving average of $57.74 and a 200 day moving average of $55.57. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. As a group, sell-side analysts expect that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

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

Insider Buying and Selling at Matador Resources

In other news, insider Van H. Singleton II acquired 2,000 shares of Matador Resources stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of $53.21 per share, for a total transaction of $106,420.00. Following the purchase, the insider now owns 289,135 shares in the company, valued at $15,384,873.35. This trade represents a 0.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph Wm Foran acquired 6,000 shares of Matador Resources stock in a transaction on Friday, February 21st. The shares were purchased at an average price of $53.94 per share, with a total value of $323,640.00. Following the completion of 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. In the last ninety days, insiders bought 20,330 shares of company stock worth $1,082,536. 6.10% of the stock is owned by corporate insiders.

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.