Matador Resources (NYSE:MTDR) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lowered its position in Matador Resources (NYSE:MTDR) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,550 shares of the energy company’s stock after selling 262 shares during the period. Hancock Whitney Corp’s holdings in Matador Resources were worth $670,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Boston Trust Walden Corp purchased a new stake in shares of Matador Resources in the 3rd quarter valued at $51,788,000. Dimensional Fund Advisors LP boosted its holdings in Matador Resources by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock valued at $282,196,000 after purchasing an additional 356,506 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Matador Resources during the 2nd quarter worth about $18,747,000. Clearbridge Investments LLC raised its stake in shares of Matador Resources by 10.5% during the 2nd quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock valued at $134,102,000 after buying an additional 214,334 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Matador Resources by 157.0% in the 2nd quarter. AQR Capital Management LLC now owns 334,646 shares of the energy company’s stock valued at $19,945,000 after buying an additional 204,420 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Trading Down 0.6 %

Shares of MTDR stock opened at $58.85 on Wednesday. Matador Resources has a fifty-two week low of $47.15 and a fifty-two week high of $71.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. The stock’s fifty day moving average is $53.66 and its two-hundred day moving average is $56.71. The firm has a market capitalization of $7.34 billion, a P/E ratio of 7.79 and a beta of 3.26.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. The firm had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. Matador Resources’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.86 earnings per share. Research analysts expect that Matador Resources will post 7.5 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.70%. Matador Resources’s dividend payout ratio is 13.25%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company reduced their price target on Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. BMO Capital Markets increased their price target on shares of Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Mizuho cut their price objective on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Stephens increased their target price on shares of Matador Resources from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, KeyCorp cut their price target on Matador Resources from $76.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $74.92.

Insider Activity at Matador Resources

In other news, EVP Bryan A. Erman purchased 1,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $50.35 per share, for a total transaction of $50,350.00. Following the acquisition, the executive vice president now directly owns 2,750 shares of the company’s stock, valued at approximately $138,462.50. This represents a 57.14 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert T. Macalik purchased 500 shares of Matador Resources stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $50.25 per share, for a total transaction of $25,125.00. Following the transaction, the chief accounting officer now owns 29,800 shares in the company, valued at approximately $1,497,450. This trade represents a 1.71 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 11,105 shares of company stock valued at $562,306. 6.10% of the stock is currently owned by insiders.

Matador Resources Profile

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.