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

Hancock Whitney Corp decreased its position in shares of Matador Resources (NYSE:MTDR) by 1.9% during the 3rd quarter, Holdings Channel.com reports. 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Denver PWM LLC acquired a new stake in shares of Matador Resources in the second quarter valued at $27,000. Avior Wealth Management LLC raised its holdings in Matador Resources by 329.0% in the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after acquiring an additional 635 shares in the last quarter. Quarry LP lifted its stake in Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after acquiring an additional 251 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Matador Resources by 191.8% during the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock worth $47,000 after acquiring an additional 466 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Matador Resources by 154.8% during the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock worth $52,000 after acquiring an additional 644 shares in the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTDR has been the subject of several recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a research report on Wednesday, October 23rd. BMO Capital Markets upped their price objective on shares of Matador Resources from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Stephens raised their price target on Matador Resources from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Mizuho cut their target price on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Finally, Truist Financial reduced their target price on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a report on Monday, September 30th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and an average target price of $74.92.

Matador Resources Stock Down 0.6 %

Shares of NYSE MTDR opened at $58.85 on Wednesday. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 7.79 and a beta of 3.26. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The firm has a 50-day moving average price of $53.66 and a 200 day moving average price of $56.71. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71.

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

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.70%. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 15th. Matador Resources’s payout ratio is presently 13.25%.

Insider Buying and Selling at Matador Resources

In related news, CAO Robert T. Macalik purchased 500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was bought at an average price of $50.25 per share, with a total value of $25,125.00. Following the completion of the transaction, the chief accounting officer now owns 29,800 shares of the company’s stock, valued at approximately $1,497,450. This represents a 1.71 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Glenn W. Stetson acquired 1,000 shares of Matador Resources stock in a transaction dated Wednesday, October 30th. The stock was bought 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 directly owns 85,935 shares of the company’s stock, valued at approximately $4,411,043.55. This represents a 1.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 11,105 shares of company stock valued at $562,306. 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.