11,028 Matador Resources Company $MTDR Shares Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP cut its holdings in shares of Matador Resources Company (NYSE:MTDR) by 34.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,530 shares of the energy company’s stock after selling 11,028 shares during the period. Fulcrum Asset Management LLP’s holdings in Matador Resources were worth $1,041,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Root Financial Partners LLC acquired a new position in shares of Matador Resources in the 3rd quarter valued at $25,000. Center for Financial Planning Inc. purchased a new stake in Matador Resources in the 1st quarter valued at $41,000. Harbor Investment Advisory LLC acquired a new stake in Matador Resources during the 2nd quarter worth $44,000. Altshuler Shaham Ltd boosted its stake in Matador Resources by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after purchasing an additional 201 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in Matador Resources during the 2nd quarter worth $54,000. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $52.10 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.55 and a quick ratio of 0.53. The stock has a fifty day moving average price of $55.78 and a 200 day moving average price of $54.62. Matador Resources Company has a 1-year low of $39.55 and a 1-year high of $66.84. The company has a market cap of $6.45 billion, a PE ratio of 8.98 and a beta of 0.93.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, November 3rd. The energy company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.23. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.12 billion. Matador Resources had a net margin of 18.60% and a return on equity of 14.32%. Matador Resources’s quarterly revenue was up 33.9% on a year-over-year basis. During the same period last year, the firm posted $1.36 EPS. Sell-side analysts forecast that Matador Resources Company will post 8.34 EPS for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Tuesday, November 10th will be paid a $0.4375 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.3750. The ex-dividend date is Tuesday, November 10th. This represents a $1.75 annualized dividend and a dividend yield of 3.4%. Matador Resources’s dividend payout ratio (DPR) is 30.17%.

Analyst Upgrades and Downgrades

MTDR has been the topic of a number of recent research reports. Stephens lifted their price objective on shares of Matador Resources from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Citigroup decreased their target price on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Mizuho decreased their target price on shares of Matador Resources from $77.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, October 19th. Wells Fargo & Company lowered their price target on Matador Resources from $77.00 to $76.00 and set an “overweight” rating on the stock in a report on Wednesday, October 14th. Finally, Weiss Ratings cut Matador Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, November 4th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.50.

Insider Buying and Selling

In other news, EVP William Elsener purchased 900 shares of the company’s stock in a transaction dated Thursday, November 5th. The shares were acquired at an average cost of $51.48 per share, for a total transaction of $46,332.00. Following the completion of the purchase, the executive vice president directly owned 115,779 shares in the company, valued at $5,960,302.92. The trade was a 0.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul W. Harvey purchased 500 shares of the company’s stock in a transaction dated Thursday, November 5th. The shares were purchased at an average price of $52.72 per share, for a total transaction of $26,360.00. Following the completion of the purchase, the director owned 33,121 shares of the company’s stock, valued at approximately $1,746,139.12. This trade represents a 1.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 14,705 shares of company stock worth $772,016. 5.90% of the stock is currently owned by insiders.

Matador Resources Company Profile

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas. Its operations are focused primarily on the Delaware Basin in southeastern New Mexico and West Texas. Alongside its exploration and production business, Matador provides midstream services through its subsidiary San Mateo Midstream. These activities include gathering and processing natural gas and handling produced water, supporting the company’s operations and serving other producers in the region.