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

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTDR. Boston Trust Walden Corp purchased a new position in shares of Matador Resources in the third quarter valued at $51,788,000. Dimensional Fund Advisors LP lifted its holdings in Matador Resources by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock worth $282,196,000 after buying an additional 356,506 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Matador Resources during the second quarter valued at about $18,747,000. Yaupon Capital Management LP acquired a new stake in shares of Matador Resources during the first quarter valued at about $17,874,000. Finally, Clearbridge Investments LLC increased its position in shares of Matador Resources by 10.5% during the second quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock worth $134,102,000 after acquiring an additional 214,334 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Robert T. Macalik bought 500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $50.25 per share, for a total transaction of $25,125.00. Following the transaction, the chief accounting officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Wm Foran bought 2,500 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $51.47 per share, for a total transaction of $128,675.00. Following the purchase, the chief executive officer now owns 37,751 shares in the company, valued at $1,943,043.97. This trade represents a 7.09 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 11,105 shares of company stock worth $562,306. Insiders own 6.10% of the company’s stock.

Matador Resources Stock Up 1.2 %

NYSE:MTDR opened at $60.91 on Friday. The firm has a market capitalization of $7.60 billion, a PE ratio of 8.07 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 company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average of $53.48 and a 200-day moving average of $56.81.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping 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 firm had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. During the same period last year, the company earned $1.86 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts predict that Matador Resources will post 7.5 EPS for the current 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s payout ratio is presently 13.25%.

Analyst Upgrades and Downgrades

MTDR has been the subject of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research note on Thursday, October 24th. BMO Capital Markets raised their price target on shares of Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Wells Fargo & Company cut their price target on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, October 1st. Benchmark reissued a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a report on Wednesday, October 23rd. Finally, Stephens upped their target price on shares of Matador Resources from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $74.92.

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.