Matador Resources (NYSE:MTDR) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lessened its position in Matador Resources (NYSE:MTDR) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 609,975 shares of the energy company’s stock after selling 21,595 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Matador Resources were worth $30,144,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MTDR. Royce & Associates LP grew its holdings in Matador Resources by 21.3% in the third quarter. Royce & Associates LP now owns 357,563 shares of the energy company’s stock valued at $17,671,000 after purchasing an additional 62,784 shares during the period. Lummis Asset Management LP grew its holdings in Matador Resources by 24.7% in the third quarter. Lummis Asset Management LP now owns 191,102 shares of the energy company’s stock valued at $9,444,000 after purchasing an additional 37,893 shares during the period. KBC Group NV grew its holdings in Matador Resources by 14.5% in the third quarter. KBC Group NV now owns 3,453 shares of the energy company’s stock valued at $171,000 after purchasing an additional 436 shares during the period. Victory Capital Management Inc. grew its holdings in Matador Resources by 2.7% in the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock valued at $136,009,000 after purchasing an additional 72,077 shares during the period. Finally, GSA Capital Partners LLP grew its holdings in Matador Resources by 176.1% in the third quarter. GSA Capital Partners LLP now owns 9,620 shares of the energy company’s stock valued at $475,000 after purchasing an additional 6,136 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insider Buying and Selling

In other news, CAO Robert T. Macalik acquired 500 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $50.25 per share, for a total transaction of $25,125.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Glenn W. Stetson acquired 1,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the completion of the transaction, the executive vice president now owns 85,935 shares of the company’s stock, valued at $4,411,043.55. This trade represents a 1.18 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 11,105 shares of company stock worth $562,306. 6.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Benchmark restated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Wednesday, October 23rd. KeyCorp lowered their target price on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research note on Thursday, October 24th. Mizuho decreased their price objective on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Finally, Stephens boosted their price objective 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. 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.92.

Matador Resources Stock Down 2.5 %

Shares of Matador Resources stock opened at $57.53 on Monday. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 7.62 and a beta of 3.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08. The stock has a 50-day simple moving average of $52.50 and a 200-day simple moving average of $56.90.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The business had revenue of $770.20 million during the quarter, compared to analyst estimates of $836.69 million. During the same period in the previous year, the company earned $1.86 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. On average, equities 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 announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. 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 1.74%. The ex-dividend date is Friday, November 15th. Matador Resources’s payout ratio is 10.60%.

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.