Aventail Capital Group LP Sells 75,628 Shares of Matador Resources Company $MTDR

Aventail Capital Group LP lessened its position in shares of Matador Resources Company (NYSE:MTDR) by 38.0% in the fourth quarter, HoldingsChannel reports. The fund owned 123,629 shares of the energy company’s stock after selling 75,628 shares during the period. Aventail Capital Group LP’s holdings in Matador Resources were worth $5,247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Guggenheim Capital LLC boosted its holdings in shares of Matador Resources by 37.7% during the fourth quarter. Guggenheim Capital LLC now owns 6,573 shares of the energy company’s stock worth $279,000 after acquiring an additional 1,798 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Matador Resources by 18.8% during the fourth quarter. Lazard Asset Management LLC now owns 11,513 shares of the energy company’s stock worth $489,000 after acquiring an additional 1,819 shares during the period. Sagefield Capital LP boosted its holdings in shares of Matador Resources by 9.7% during the fourth quarter. Sagefield Capital LP now owns 1,117,288 shares of the energy company’s stock worth $47,418,000 after acquiring an additional 98,454 shares during the period. Trexquant Investment LP boosted its holdings in shares of Matador Resources by 230.1% during the fourth quarter. Trexquant Investment LP now owns 235,144 shares of the energy company’s stock worth $9,980,000 after acquiring an additional 163,910 shares during the period. Finally, iSAM Funds UK Ltd bought a new stake in shares of Matador Resources during the fourth quarter worth approximately $493,000. Institutional investors own 91.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MTDR. TD Cowen boosted their price objective on Matador Resources from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, March 17th. Mizuho boosted their price target on Matador Resources from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. BMO Capital Markets boosted their price target on Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Citigroup cut their price target on Matador Resources from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company boosted their price target on Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.08.

Insider Transactions at Matador Resources

In related news, CFO Christopher P. Calvert purchased 1,500 shares of the stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $53.24 per share, for a total transaction of $79,860.00. Following the completion of the acquisition, the chief financial officer owned 41,500 shares of the company’s stock, valued at approximately $2,209,460. This represents a 3.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Glenn W. Stetson purchased 500 shares of the stock in a transaction dated Tuesday, June 9th. The shares were bought at an average price of $53.41 per share, with a total value of $26,705.00. Following the completion of the acquisition, the chief operating officer directly owned 95,470 shares of the company’s stock, valued at approximately $5,099,052.70. This represents a 0.53% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 11,907 shares of company stock worth $635,712. Corporate insiders own 5.90% of the company’s stock.

Matador Resources Stock Down 1.6%

Shares of NYSE:MTDR opened at $50.38 on Thursday. The company has a fifty day moving average of $57.35 and a 200-day moving average of $51.68. The company has a market capitalization of $6.26 billion, a PE ratio of 12.95 and a beta of 0.74. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.70 and a current ratio of 0.73. Matador Resources Company has a 52-week low of $37.14 and a 52-week high of $66.84.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.29. The company had revenue of $941.60 million during the quarter, compared to the consensus estimate of $871.57 million. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The company’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.99 earnings per share. On average, equities analysts predict that Matador Resources Company will post 7.44 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were issued a dividend of $0.375 per share. The ex-dividend date was Friday, May 8th. This represents a $1.50 annualized dividend and a dividend yield of 3.0%. Matador Resources’s dividend payout ratio is 38.56%.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.