Steward Partners Investment Advisory LLC Reduces Stock Position in Matador Resources (NYSE:MTDR)

Steward Partners Investment Advisory LLC lowered its stake in Matador Resources (NYSE:MTDRGet Rating) by 4.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,898 shares of the energy company’s stock after selling 271 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Matador Resources were worth $312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Emerald Mutual Fund Advisers Trust purchased a new stake in Matador Resources in the first quarter worth approximately $19,029,000. Emerald Advisers LLC purchased a new stake in Matador Resources in the first quarter worth approximately $22,939,000. Shaker Investments LLC OH purchased a new stake in Matador Resources in the first quarter worth approximately $1,347,000. Calton & Associates Inc. bought a new position in Matador Resources in the first quarter worth approximately $313,000. Finally, Exchange Traded Concepts LLC bought a new position in Matador Resources in the first quarter worth approximately $31,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Matador Resources Stock Up 2.1 %

Shares of MTDR stock opened at $57.78 on Friday. The stock has a market cap of $6.83 billion, a P/E ratio of 9.43 and a beta of 3.77. Matador Resources has a 52 week low of $24.76 and a 52 week high of $67.78. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.64. The company’s fifty day simple moving average is $53.26 and its two-hundred day simple moving average is $50.91.

Matador Resources (NYSE:MTDRGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The energy company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.40. Matador Resources had a return on equity of 34.63% and a net margin of 37.28%. During the same period last year, the business posted $1.02 earnings per share. Analysts predict that Matador Resources will post 10.83 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Wednesday, August 17th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.69%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, August 16th. Matador Resources’s dividend payout ratio (DPR) is presently 3.26%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MTDR. Raymond James reiterated a “maintains” rating on shares of Matador Resources in a research report on Tuesday. StockNews.com downgraded shares of Matador Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Finally, Truist Financial increased their price target on shares of Matador Resources from $71.00 to $85.00 in a research report on Thursday, April 21st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Matador Resources currently has an average rating of “Moderate Buy” and a consensus target price of $58.56.

About Matador Resources

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding MTDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Matador Resources (NYSE:MTDRGet Rating).

Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.