KBC Group NV Has $177,000 Holdings in Matador Resources Company $MTDR

KBC Group NV trimmed its holdings in shares of Matador Resources Company (NYSE:MTDR) by 28.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,703 shares of the energy company’s stock after selling 1,442 shares during the period. KBC Group NV’s holdings in Matador Resources were worth $177,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. grew its holdings in shares of Matador Resources by 2,002.9% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,051,472 shares of the energy company’s stock worth $53,720,000 after purchasing an additional 1,001,472 shares during the last quarter. Vanguard Group Inc. lifted its position in Matador Resources by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company’s stock worth $690,310,000 after buying an additional 956,090 shares in the last quarter. LSV Asset Management lifted its position in Matador Resources by 50.9% during the 1st quarter. LSV Asset Management now owns 2,289,379 shares of the energy company’s stock worth $116,964,000 after buying an additional 772,071 shares in the last quarter. Nuveen LLC bought a new stake in Matador Resources during the 1st quarter worth about $35,715,000. Finally, Wellington Management Group LLP increased its position in Matador Resources by 30.5% in the 1st quarter. Wellington Management Group LLP now owns 2,043,715 shares of the energy company’s stock valued at $104,413,000 after acquiring an additional 477,236 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

MTDR has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their target price on shares of Matador Resources from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on shares of Matador Resources from $71.00 to $61.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. KeyCorp reduced their price objective on Matador Resources from $61.00 to $52.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Mizuho lowered their target price on Matador Resources from $69.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Matador Resources in a research report on Tuesday, October 14th. One equities research 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.57.

Insider Transactions at Matador Resources

In other Matador Resources news, Director Susan M. Ward acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of $39.04 per share, for a total transaction of $195,200.00. Following the transaction, the director owned 14,923 shares of the company’s stock, valued at $582,593.92. This trade represents a 50.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Wm Foran bought 9,500 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were bought at an average price of $39.78 per share, for a total transaction of $377,910.00. Following the completion of the acquisition, the chief executive officer directly owned 17,525 shares in the company, valued at approximately $697,144.50. This trade represents a 118.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 41,726 shares of company stock valued at $1,674,234. Insiders own 5.80% of the company’s stock.

Matador Resources Stock Down 0.3%

Matador Resources stock opened at $41.03 on Thursday. The company’s 50 day simple moving average is $43.00 and its 200 day simple moving average is $46.16. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 6.55 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.14. The company had revenue of $915.12 million for the quarter, compared to analyst estimates of $893.22 million. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $1.89 earnings per share. As a group, sell-side analysts anticipate that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.375 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, November 10th. Matador Resources’s dividend payout ratio is presently 23.96%.

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.