Hsbc Holdings PLC Reduces Position in Matador Resources Company $MTDR

Hsbc Holdings PLC decreased its stake in shares of Matador Resources Company (NYSE:MTDR) by 74.5% during the first quarter, HoldingsChannel reports. The firm owned 5,418 shares of the energy company’s stock after selling 15,864 shares during the quarter. Hsbc Holdings PLC’s holdings in Matador Resources were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kestra Investment Management LLC lifted its stake in shares of Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after buying an additional 358 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Matador Resources in the 1st quarter valued at $27,000. Measured Wealth Private Client Group LLC purchased a new position in Matador Resources in the 3rd quarter worth $35,000. Gilpin Wealth Management LLC purchased a new position in Matador Resources in the 4th quarter worth $42,000. Finally, Geneos Wealth Management Inc. lifted its position in Matador Resources by 361.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after acquiring an additional 690 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Trading Down 0.1%

Shares of Matador Resources stock opened at $49.83 on Monday. The firm has a 50-day simple moving average of $52.00 and a two-hundred day simple moving average of $53.51. The company has a market cap of $6.19 billion, a P/E ratio of 12.81 and a beta of 0.76. Matador Resources Company has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. 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 (NYSE:MTDR) last posted its earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The firm had revenue of $941.60 million for the quarter, compared to analysts’ expectations of $871.57 million. During the same period last year, the firm earned $1.99 EPS. The company’s quarterly revenue was down 33.8% on a year-over-year basis. As a group, equities analysts predict that Matador Resources Company will post 6.96 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, August 10th. This represents a $1.50 dividend on an annualized basis and a yield of 3.0%. Matador Resources’s dividend payout ratio is currently 38.56%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MTDR. Stephens increased their price objective on Matador Resources from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Zacks Research downgraded shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Roth Capital raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Monday, June 22nd. UBS Group decreased their price objective on shares of Matador Resources from $56.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Finally, Citigroup dropped their price objective on shares of Matador Resources from $72.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold 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 $66.00.

Insiders Place Their Bets

In other Matador Resources news, CFO Christopher P. Calvert bought 1,500 shares of Matador Resources stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost of $53.24 per share, with a total value of $79,860.00. Following the purchase, the chief financial officer directly owned 41,500 shares in the company, valued at $2,209,460. This represents a 3.75% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Glenn W. Stetson bought 500 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average price of $53.41 per share, for a total transaction of $26,705.00. Following the transaction, the chief operating officer directly owned 95,470 shares in the company, valued at approximately $5,099,052.70. This represents a 0.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 11,907 shares of company stock worth $635,712. 5.90% of the stock is owned by corporate insiders.

About Matador Resources

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.