DekaBank Deutsche Girozentrale Decreases Holdings in Matador Resources (NYSE:MTDR)

DekaBank Deutsche Girozentrale decreased its holdings in Matador Resources (NYSE:MTDR) by 75.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,288 shares of the energy company’s stock after selling 10,000 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Matador Resources were worth $196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Essex Investment Management Co. LLC lifted its stake in Matador Resources by 0.5% in the first quarter. Essex Investment Management Co. LLC now owns 37,532 shares of the energy company’s stock worth $2,506,000 after purchasing an additional 169 shares during the last quarter. Securian Asset Management Inc. lifted its stake in shares of Matador Resources by 1.9% in the 2nd quarter. Securian Asset Management Inc. now owns 9,255 shares of the energy company’s stock valued at $552,000 after acquiring an additional 170 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in Matador Resources by 3.6% during the 2nd quarter. Raymond James Trust N.A. now owns 5,714 shares of the energy company’s stock valued at $341,000 after acquiring an additional 198 shares during the period. Covestor Ltd grew its position in Matador Resources by 121.4% during the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after acquiring an additional 227 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Matador Resources by 16.6% in the 2nd quarter. Fifth Third Bancorp now owns 1,709 shares of the energy company’s stock worth $102,000 after purchasing an additional 243 shares during the period. Institutional investors own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. TD Cowen increased their price objective on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Wolfe Research initiated coverage on shares of Matador Resources in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Mizuho decreased their price objective on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Benchmark reiterated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a report on Wednesday, July 24th. Finally, Wells Fargo & Company boosted their price target on Matador Resources from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.17.

Insider Buying and Selling

In other Matador Resources news, CEO Joseph Wm Foran bought 2,500 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was acquired 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 owns 37,751 shares of the company’s stock, valued at $1,943,043.97. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Joseph Wm Foran purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $51.47 per share, for a total transaction of $128,675.00. Following the purchase, the chief executive officer now directly owns 37,751 shares of the company’s stock, valued at approximately $1,943,043.97. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robert T. Macalik acquired 500 shares of Matador Resources stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $50.25 per share, with a total value of $25,125.00. Following the transaction, the chief accounting officer now owns 29,800 shares in the company, valued at $1,497,450. The disclosure for this purchase can be found here. Insiders have acquired 12,300 shares of company stock valued at $634,615 over the last quarter. Corporate insiders own 6.10% of the company’s stock.

Matador Resources Price Performance

Shares of NYSE:MTDR opened at $52.20 on Friday. The firm has a market capitalization of $6.51 billion, a P/E ratio of 7.15 and a beta of 3.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a 50 day moving average price of $56.60 and a 200-day moving average price of $60.83. Matador Resources has a 52-week low of $48.22 and a 52-week high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.29. The business had revenue of $847.14 million during the quarter, compared to the consensus estimate of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The firm’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.42 earnings per share. As a group, equities research analysts anticipate that Matador Resources will post 7.83 EPS for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.53%. Matador Resources’s dividend payout ratio (DPR) is currently 10.96%.

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.