TimesSquare Capital Management LLC Has $26.57 Million Stake in Matador Resources (NYSE:MTDR)

TimesSquare Capital Management LLC decreased its holdings in Matador Resources (NYSE:MTDR) by 17.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 472,235 shares of the energy company’s stock after selling 102,941 shares during the quarter. TimesSquare Capital Management LLC owned 0.38% of Matador Resources worth $26,568,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MTDR. Raymond James & Associates raised its stake in Matador Resources by 8.3% in the 3rd quarter. Raymond James & Associates now owns 217,895 shares of the energy company’s stock worth $10,768,000 after purchasing an additional 16,681 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of Matador Resources in the 3rd quarter valued at approximately $202,000. Signaturefd LLC raised its position in shares of Matador Resources by 26.8% in the 3rd quarter. Signaturefd LLC now owns 2,685 shares of the energy company’s stock valued at $133,000 after buying an additional 568 shares in the last quarter. Greenleaf Trust raised its position in shares of Matador Resources by 3.8% in the 3rd quarter. Greenleaf Trust now owns 7,086 shares of the energy company’s stock valued at $350,000 after buying an additional 260 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Matador Resources by 43.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,517 shares of the energy company’s stock valued at $520,000 after buying an additional 3,181 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Trading Down 2.1 %

MTDR opened at $56.60 on Thursday. Matador Resources has a fifty-two week low of $47.15 and a fifty-two week high of $71.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 7.50 and a beta of 3.22. The company’s 50 day moving average price is $58.25 and its two-hundred day moving average price is $55.78.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. As a group, research analysts predict that Matador Resources will post 7.39 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.3125 dividend. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Friday, February 28th. Matador Resources’s dividend payout ratio is currently 13.25%.

Insider Activity

In related news, EVP William Thomas Elsener bought 800 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the transaction, the executive vice president now directly owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. The trade was a 0.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Wm Foran bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the transaction, the chief executive officer now directly owns 42,251 shares in the company, valued at $2,331,410.18. This trade represents a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 2,980 shares of company stock valued at $165,988. 6.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on MTDR. Stephens boosted their target price on shares of Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Mizuho dropped their target price on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley started coverage on shares of Matador Resources in a report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.14.

About Matador Resources

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.