Energy stocks were sharply lower in Friday trading, with the NYSE Energy Sector Index falling 2.5% and the SPDR Energy Select Sector ETF (XLE) retreating 2.3%. The Philadelphia Oil-Service Sector index was sinking more than 4% and the Dow Jones US Utilities Index was slipping about 0.6%. West Texas Intermediate crude oil was $2.03 lower at $119.48 per barrel and Brent crude was falling by $2.20 to $120.87 per barrel. Henry Hub natural gas futures were $0.28 lower to $8.68 per 1 million BTU. In company news, Matador Resources' (MTDR) board amended the company's dividend policy to increase quarterly cash dividends on its common stock to $0.10 per share. Shares of Matador were down almost 3%.