Hunter Perkins Capital Management LLC Trims Position in Matador Resources Company $MTDR

Hunter Perkins Capital Management LLC reduced its holdings in Matador Resources Company (NYSE:MTDR) by 31.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,310 shares of the energy company’s stock after selling 9,175 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Matador Resources were worth $969,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in Matador Resources in the second quarter valued at $29,000. Copeland Capital Management LLC lifted its holdings in shares of Matador Resources by 1.6% in the 2nd quarter. Copeland Capital Management LLC now owns 1,274,492 shares of the energy company’s stock valued at $60,819,000 after buying an additional 20,504 shares during the period. Campbell Newman Asset Management Inc. lifted its holdings in shares of Matador Resources by 7.1% in the 2nd quarter. Campbell Newman Asset Management Inc. now owns 20,761 shares of the energy company’s stock valued at $991,000 after buying an additional 1,373 shares during the period. Signaturefd LLC boosted its stake in shares of Matador Resources by 11.3% in the second quarter. Signaturefd LLC now owns 3,032 shares of the energy company’s stock worth $145,000 after buying an additional 308 shares during the last quarter. Finally, Paragon Capital Management Ltd acquired a new stake in Matador Resources during the second quarter worth about $235,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP William Thomas Elsener bought 600 shares of the stock in a transaction on Thursday, September 11th. The shares were bought at an average price of $48.46 per share, with a total value of $29,076.00. Following the purchase, the executive vice president directly owned 112,069 shares in the company, valued at $5,430,863.74. This trade represents a 0.54% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joseph Wm Foran bought 2,000 shares of Matador Resources stock in a transaction dated Friday, September 12th. The stock was acquired at an average price of $48.15 per share, with a total value of $96,300.00. Following the completion of the transaction, the chief executive officer directly owned 8,025 shares of the company’s stock, valued at approximately $386,403.75. The trade was a 33.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 11,380 shares of company stock valued at $549,188 over the last ninety days. Insiders own 5.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MTDR. Weiss Ratings reissued a “hold (c)” rating on shares of Matador Resources in a report on Saturday, September 27th. UBS Group decreased their target price on shares of Matador Resources from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Wells Fargo & Company lowered their price target on shares of Matador Resources from $80.00 to $74.00 and set an “overweight” rating on the stock in a report on Monday, June 16th. William Blair assumed coverage on shares of Matador Resources in a report on Monday, August 25th. They issued an “outperform” rating for the company. Finally, Morgan Stanley upped their price objective on shares of Matador Resources from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.50.

Matador Resources Stock Performance

NYSE:MTDR opened at $45.03 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.81 and a current ratio of 0.85. The stock has a market capitalization of $5.61 billion, a PE ratio of 6.59 and a beta of 1.41. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The company has a fifty day moving average of $47.84 and a two-hundred day moving average of $46.67.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, July 22nd. The energy company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.24. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The business had revenue of $895.31 million during the quarter, compared to analysts’ expectations of $892.86 million. During the same quarter in the previous year, the company earned $2.05 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts forecast that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, August 15th. Matador Resources’s dividend payout ratio (DPR) is 18.30%.

Matador Resources 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.