Hsbc Holdings PLC Sells 17,333 Shares of Matador Resources Company $MTDR

Hsbc Holdings PLC reduced its position in shares of Matador Resources Company (NYSE:MTDR) by 44.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,282 shares of the energy company’s stock after selling 17,333 shares during the period. Hsbc Holdings PLC’s holdings in Matador Resources were worth $900,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC boosted its stake in Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after buying an additional 358 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in Matador Resources during the third quarter worth about $35,000. Gilpin Wealth Management LLC bought a new position in Matador Resources in the 4th quarter worth about $42,000. Geneos Wealth Management Inc. raised its holdings in shares of Matador Resources by 361.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after acquiring an additional 690 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Matador Resources in the 3rd quarter valued at about $49,000. Institutional investors own 91.98% of the company’s stock.

Matador Resources Price Performance

MTDR opened at $53.13 on Tuesday. The stock has a 50-day moving average price of $53.96 and a 200-day moving average price of $52.59. Matador Resources Company has a 12-month low of $37.14 and a 12-month high of $66.84. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $6.60 billion, a P/E ratio of 13.66 and a beta of 0.74.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.24 by $0.29. The firm had revenue of $941.60 million for the quarter, compared to analyst estimates of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The company’s revenue was down 33.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.99 EPS. Equities analysts predict that Matador Resources Company will post 7.06 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were paid a $0.375 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.50 annualized dividend and a yield of 2.8%. Matador Resources’s dividend payout ratio is currently 38.56%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MTDR shares. KeyCorp boosted their price objective on Matador Resources from $61.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Truist Financial raised shares of Matador Resources from a “hold” rating to a “buy” rating and raised their target price for the company from $60.00 to $67.00 in a research note on Tuesday, May 12th. Citigroup dropped their target price on shares of Matador Resources from $77.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Morgan Stanley cut their price target on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a research note on Monday, June 29th. Finally, Wells Fargo & Company boosted their price target on shares of Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and an average price target of $64.38.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, CFO Christopher P. Calvert acquired 1,500 shares of the stock in a transaction dated Friday, May 29th. The stock was purchased at an average cost of $53.24 per share, for a total transaction of $79,860.00. Following the acquisition, the chief financial officer owned 41,500 shares in the company, valued at $2,209,460. The trade was a 3.75% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joseph Wm Foran acquired 4,675 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of $52.36 per share, with a total value of $244,783.00. Following the purchase, the chief executive officer directly owned 6,997 shares in the company, valued at $366,362.92. This represents a 201.34% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 11,907 shares of company stock worth $635,712 over the last ninety days. Insiders own 5.90% of the company’s stock.

Matador Resources 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.