Mirae Asset Global Investments Co. Ltd. Has $2.87 Million Stake in Matador Resources (NYSE:MTDR)

Mirae Asset Global Investments Co. Ltd. lowered its holdings in Matador Resources (NYSE:MTDR – Get Rating) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,070 shares of the energy company’s stock after selling 1,266 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Matador Resources were worth $2,866,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Belpointe Asset Management LLC acquired a new position in Matador Resources in the fourth quarter worth $57,000. EverSource Wealth Advisors LLC raised its position in shares of Matador Resources by 144.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the energy company’s stock worth $55,000 after acquiring an additional 661 shares during the last quarter. FourThought Financial LLC raised its position in shares of Matador Resources by 79.3% during the third quarter. FourThought Financial LLC now owns 1,133 shares of the energy company’s stock worth $55,000 after acquiring an additional 501 shares during the last quarter. MADDEN SECURITIES Corp bought a new stake in Matador Resources in the fourth quarter valued at about $92,000. Finally, Signaturefd LLC increased its holdings in Matador Resources by 22.7% in the third quarter. Signaturefd LLC now owns 2,038 shares of the energy company’s stock valued at $100,000 after purchasing an additional 377 shares during the last quarter. Institutional investors and hedge funds own 87.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Mizuho dropped their price objective on Matador Resources from $72.00 to $66.00 in a report on Friday, March 10th. StockNews.com initiated coverage on Matador Resources in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Raymond James boosted their target price on Matador Resources from $57.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, April 21st. JPMorgan Chase & Co. boosted their target price on Matador Resources from $73.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, April 14th. Finally, Truist Financial boosted their target price on Matador Resources from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, April 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and a consensus price target of $70.56.

Insider Activity at Matador Resources

In related news, CEO Joseph Wm Foran purchased 2,000 shares of Matador Resources stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average cost of $48.77 per share, with a total value of $97,540.00. Following the completion of the transaction, the chief executive officer now owns 171,468 shares of the company’s stock, valued at approximately $8,362,494.36. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Timothy E. Parker bought 4,500 shares of the stock in a transaction dated Thursday, March 16th. The shares were bought at an average price of $43.52 per share, for a total transaction of $195,840.00. Following the completion of the purchase, the director now owns 71,636 shares in the company, valued at $3,117,598.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Wm Foran acquired 2,000 shares of the stock in a transaction on Monday, March 13th. The shares were bought at an average price of $48.77 per share, for a total transaction of $97,540.00. Following the purchase, the chief executive officer now owns 171,468 shares in the company, valued at $8,362,494.36. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 12,525 shares of company stock valued at $560,646. Insiders own 5.60% of the company’s stock.

Matador Resources Stock Down 5.8 %

MTDR stock opened at $45.89 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 1.64. The stock has a market capitalization of $5.47 billion, a P/E ratio of 4.70 and a beta of 3.54. The business has a 50-day moving average of $47.48 and a 200-day moving average of $55.74. Matador Resources has a fifty-two week low of $41.17 and a fifty-two week high of $73.78.

Matador Resources (NYSE:MTDR – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The energy company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.24 by $0.26. Matador Resources had a return on equity of 37.11% and a net margin of 38.33%. The firm had revenue of $502.90 million during the quarter, compared to analysts’ expectations of $514.24 million. During the same period in the prior year, the firm posted $2.32 earnings per share. The business’s quarterly revenue was down 19.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Matador Resources will post 6.8 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 11th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $0.60 annualized dividend and a yield of 1.31%. Matador Resources’s dividend payout ratio (DPR) is presently 6.15%.

Matador Resources Company Profile

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Matador Resources Co is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring.