Matador Resources (NYSE:MTDR) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its position in shares of Matador Resources (NYSE:MTDR) by 39.2% in the third quarter, HoldingsChannel.com reports. The firm owned 7,943 shares of the energy company’s stock after selling 5,118 shares during the period. Crossmark Global Holdings Inc.’s holdings in Matador Resources were worth $393,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Securian Asset Management Inc. lifted its stake in Matador Resources by 1.9% during the second quarter. Securian Asset Management Inc. now owns 9,255 shares of the energy company’s stock valued at $552,000 after purchasing an additional 170 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of Matador Resources by 3.6% in the second quarter. Raymond James Trust N.A. now owns 5,714 shares of the energy company’s stock valued at $341,000 after buying an additional 198 shares in the last quarter. Covestor Ltd lifted its position in shares of Matador Resources by 121.4% during the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after acquiring an additional 227 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Matador Resources by 16.6% during the 2nd quarter. Fifth Third Bancorp now owns 1,709 shares of the energy company’s stock valued at $102,000 after acquiring an additional 243 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after acquiring an additional 251 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Matador Resources news, EVP Bryan A. Erman acquired 1,000 shares of Matador Resources stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $50.35 per share, with a total value of $50,350.00. Following the purchase, the executive vice president now owns 2,750 shares in the company, valued at approximately $138,462.50. This trade represents a 57.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph Wm Foran bought 2,500 shares of the stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $51.47 per share, for a total transaction of $128,675.00. Following the completion of the transaction, the chief executive officer now directly owns 37,751 shares of the company’s stock, valued at approximately $1,943,043.97. The trade was a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 11,105 shares of company stock worth $562,306. Insiders own 6.10% of the company’s stock.

Matador Resources Trading Down 2.5 %

Shares of NYSE:MTDR opened at $57.53 on Monday. The firm has a fifty day moving average of $52.50 and a two-hundred day moving average of $56.90. 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 has a 12-month low of $47.15 and a 12-month high of $71.08. The firm has a market capitalization of $7.18 billion, a P/E ratio of 7.62 and a beta of 3.26.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $836.69 million. During the same quarter last year, the firm earned $1.86 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts expect that Matador Resources will post 7.5 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.25 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. Matador Resources’s payout ratio is presently 10.60%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a research report on Thursday, October 24th. TD Cowen boosted their price objective on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Stephens upped their price objective 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. Truist Financial dropped their target price on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Finally, Wells Fargo & Company reduced their price target on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.92.

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.