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

Vaughan Nelson Investment Management L.P. reduced its stake in shares of Matador Resources (NYSE:MTDR) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 609,975 shares of the energy company’s stock after selling 21,595 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.49% of Matador Resources worth $30,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTDR. Boston Trust Walden Corp acquired a new stake in Matador Resources during the 3rd quarter worth $51,788,000. Dimensional Fund Advisors LP grew its position in Matador Resources by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock worth $282,196,000 after purchasing an additional 356,506 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Matador Resources during the 2nd quarter worth $18,747,000. Yaupon Capital Management LP purchased a new position in Matador Resources during the 1st quarter worth $17,874,000. Finally, Clearbridge Investments LLC grew its position in Matador Resources by 11.8% during the 1st quarter. Clearbridge Investments LLC now owns 2,035,702 shares of the energy company’s stock worth $135,924,000 after purchasing an additional 215,298 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Stock Down 2.5 %

MTDR stock opened at $57.53 on Monday. The company has a market cap of $7.18 billion, a P/E ratio of 7.62 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’s 50-day moving average price is $52.50 and its 200 day moving average price is $56.90. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. The firm had revenue of $770.20 million for 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 firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.74%. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s payout ratio is currently 10.60%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MTDR. Benchmark reissued 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 raised their price objective 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. Mizuho lowered 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. TD Cowen raised their price objective on shares of Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $80.00 to $84.00 in a research report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and an average target price of $74.92.

Insider Buying and Selling

In other Matador Resources news, EVP Glenn W. Stetson bought 1,000 shares of the business’s stock in a transaction on 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 owns 85,935 shares in the company, valued at approximately $4,411,043.55. The trade was a 1.18 % 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 business’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $51.47 per share, with a total value of $128,675.00. Following the transaction, the chief executive officer now 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. Over the last 90 days, insiders have purchased 11,105 shares of company stock valued at $562,306. Corporate insiders own 6.10% of the company’s stock.

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.