Mutual of America Capital Management LLC Has $3.89 Million Stake in Matador Resources (NYSE:MTDR)

Mutual of America Capital Management LLC cut its holdings in Matador Resources (NYSE:MTDR) by 5.0% during the 4th quarter, HoldingsChannel reports. The fund owned 68,470 shares of the energy company’s stock after selling 3,567 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Matador Resources were worth $3,893,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Great Lakes Advisors LLC increased its stake in Matador Resources by 1.4% during the 3rd quarter. Great Lakes Advisors LLC now owns 13,851 shares of the energy company’s stock worth $824,000 after acquiring an additional 196 shares during the period. Metropolitan Life Insurance Co NY increased its stake in Matador Resources by 2.9% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,910 shares of the energy company’s stock worth $396,000 after acquiring an additional 197 shares during the period. Parkside Financial Bank & Trust increased its stake in Matador Resources by 82.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after acquiring an additional 200 shares during the period. Verdence Capital Advisors LLC increased its stake in Matador Resources by 3.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,964 shares of the energy company’s stock worth $414,000 after acquiring an additional 201 shares during the period. Finally, Huntington National Bank increased its stake in Matador Resources by 11.4% during the 3rd quarter. Huntington National Bank now owns 2,112 shares of the energy company’s stock worth $126,000 after acquiring an additional 216 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Stock Down 0.9 %

Shares of MTDR opened at $66.96 on Wednesday. The company has a market capitalization of $8.00 billion, a PE ratio of 9.50 and a beta of 3.32. Matador Resources has a 12 month low of $42.04 and a 12 month high of $71.08. The stock’s 50-day moving average price is $64.11 and its two-hundred day moving average price is $59.78. 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 earnings results on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.05). The company had revenue of $836.13 million for the quarter, compared to analyst estimates of $842.96 million. Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.08 earnings per share. On average, analysts anticipate that Matador Resources will post 6.87 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, February 23rd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Thursday, February 22nd. Matador Resources’s dividend payout ratio (DPR) is presently 11.35%.

Analyst Ratings Changes

A number of research firms have commented on MTDR. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research note on Tuesday, March 5th. Mizuho lifted their price target on Matador Resources from $67.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Roth Mkm reiterated a “buy” rating and issued a $66.00 price target on shares of Matador Resources in a research note on Monday, March 25th. Truist Financial lifted their price target on Matador Resources from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. raised their price objective on Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and a consensus target price 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.