State of Alaska Department of Revenue Sells 1,200 Shares of Matador Resources (NYSE:MTDR)

State of Alaska Department of Revenue decreased its stake in shares of Matador Resources (NYSE:MTDR) by 9.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,968 shares of the energy company’s stock after selling 1,200 shares during the quarter. State of Alaska Department of Revenue’s holdings in Matador Resources were worth $680,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. increased its stake in Matador Resources by 82.9% in the first quarter. Invesco Ltd. now owns 4,367,715 shares of the energy company’s stock valued at $231,403,000 after acquiring an additional 1,979,904 shares during the period. Goldman Sachs Group Inc. increased its stake in Matador Resources by 51.6% in the second quarter. Goldman Sachs Group Inc. now owns 2,013,942 shares of the energy company’s stock valued at $93,830,000 after acquiring an additional 685,220 shares during the period. Vanguard Group Inc. increased its stake in Matador Resources by 4.8% in the first quarter. Vanguard Group Inc. now owns 12,422,915 shares of the energy company’s stock valued at $658,165,000 after acquiring an additional 567,557 shares during the period. William Blair Investment Management LLC bought a new stake in Matador Resources in the third quarter valued at about $33,720,000. Finally, Federated Hermes Inc. increased its stake in Matador Resources by 77.1% in the first quarter. Federated Hermes Inc. now owns 1,256,513 shares of the energy company’s stock valued at $66,570,000 after acquiring an additional 546,871 shares during the period. Institutional investors own 91.98% of the company’s stock.

Matador Resources Price Performance

Shares of MTDR stock opened at $69.56 on Friday. Matador Resources has a 1 year low of $42.04 and a 1 year high of $70.55. The firm’s 50 day moving average is $63.25 and its 200-day moving average is $59.62. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 9.87 and a beta of 3.32. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.05). Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The business had revenue of $836.13 million during the quarter, compared to analyst estimates of $842.96 million. During the same quarter in the prior year, the company earned $2.08 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. Sell-side analysts forecast that Matador Resources will post 6.88 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, February 23rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, February 22nd. Matador Resources’s payout ratio is presently 11.35%.

Analyst Ratings Changes

A number of equities analysts have commented on MTDR shares. Mizuho boosted their price target on shares of Matador Resources from $67.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Benchmark reduced their price target on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Wells Fargo & Company boosted their price target on shares of Matador Resources from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th. Raymond James reduced their price target on shares of Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.50.

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.