Cwm LLC Cuts Stock Position in Matador Resources (NYSE:MTDR)

Cwm LLC trimmed its position in Matador Resources (NYSE:MTDR) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,521 shares of the energy company’s stock after selling 403 shares during the period. Cwm LLC’s holdings in Matador Resources were worth $200,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MTDR. William Blair Investment Management LLC purchased a new stake in shares of Matador Resources in the third quarter valued at about $33,720,000. First Dallas Securities Inc. boosted its holdings in Matador Resources by 4,501.7% in the 3rd quarter. First Dallas Securities Inc. now owns 387,003 shares of the energy company’s stock valued at $23,019,000 after purchasing an additional 378,593 shares in the last quarter. Victory Capital Management Inc. increased its position in Matador Resources by 13.0% during the 3rd quarter. Victory Capital Management Inc. now owns 3,228,290 shares of the energy company’s stock worth $192,019,000 after purchasing an additional 372,528 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Matador Resources during the 3rd quarter worth approximately $19,471,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Matador Resources by 68.7% in the 3rd quarter. Wellington Management Group LLP now owns 735,769 shares of the energy company’s stock valued at $43,764,000 after buying an additional 299,708 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Price Performance

MTDR stock opened at $63.28 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 0.89. The stock’s 50 day moving average price is $65.80 and its 200 day moving average price is $60.26. The firm has a market cap of $7.90 billion, a P/E ratio of 8.67 and a beta of 3.33. Matador Resources has a 1 year low of $42.04 and a 1 year high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, April 23rd. The energy company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.32. The business had revenue of $787.70 million for the quarter, compared to the consensus estimate of $740.99 million. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The business’s revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 earnings per share. On average, sell-side analysts expect that Matador Resources will post 7.57 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. Matador Resources’s dividend payout ratio is currently 10.96%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. KeyCorp upped their price objective on Matador Resources from $71.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Wells Fargo & Company raised their price objective on shares of Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Raymond James lowered their target price on shares of Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. boosted their price target on Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average price target of $74.30.

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.