Matador Resources (NYSE:MTDR) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. cut its holdings in Matador Resources (NYSE:MTDR) by 21.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,882 shares of the energy company’s stock after selling 3,008 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Matador Resources were worth $538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Denver PWM LLC acquired a new stake in shares of Matador Resources during the 2nd quarter valued at $27,000. Covestor Ltd lifted its holdings in shares of Matador Resources by 121.4% during the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after purchasing an additional 227 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Matador Resources by 329.0% during the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after purchasing an additional 635 shares during the last quarter. Quarry LP boosted its position in shares of Matador Resources by 47.5% in the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after purchasing an additional 251 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Matador Resources by 191.8% in the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock worth $47,000 after purchasing an additional 466 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Trading Up 1.2 %

NYSE:MTDR opened at $60.91 on Friday. The company has a market capitalization of $7.60 billion, a P/E ratio of 8.07 and a beta of 3.26. The stock’s 50 day moving average price is $53.48 and its 200 day moving average price is $56.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08.

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

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s dividend payout ratio (DPR) is 13.25%.

Wall Street Analysts Forecast Growth

MTDR has been the subject of several recent analyst reports. Benchmark reiterated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research report on Thursday, October 24th. Truist Financial reduced their target price on Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a report on Monday, September 30th. Wells Fargo & Company lowered their price target on Matador Resources from $89.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, October 1st. Finally, Stephens increased their price objective on Matador Resources from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.92.

Insiders Place Their Bets

In other news, CFO Brian J. Willey purchased 1,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $50.50 per share, with a total value of $75,750.00. Following the completion of the transaction, the chief financial officer now directly owns 1,500 shares in the company, valued at $75,750. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph Wm Foran acquired 2,500 shares of Matador Resources stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $51.47 per share, with a total value of $128,675.00. Following the completion of the purchase, the chief executive officer now directly owns 37,751 shares of the company’s stock, valued at $1,943,043.97. The trade was a 7.09 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 11,105 shares of company stock valued at $562,306 over the last quarter. Insiders own 6.10% of the company’s stock.

Matador Resources Company 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.