Raymond James Financial Services Advisors Inc. Acquires 1,224 Shares of Matador Resources (NYSE:MTDR)

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Matador Resources (NYSE:MTDR) by 10.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,601 shares of the energy company’s stock after purchasing an additional 1,224 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Matador Resources were worth $716,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted 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 valued at $26,000 after purchasing an additional 200 shares during the period. Financial Management Professionals Inc. bought a new stake in Matador Resources during the 4th quarter valued at approximately $34,000. Money Concepts Capital Corp boosted its stake in Matador Resources by 202.6% during the 4th quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock valued at $39,000 after purchasing an additional 462 shares during the period. Rockefeller Capital Management L.P. boosted its stake in Matador Resources by 46.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock valued at $42,000 after purchasing an additional 242 shares during the period. Finally, Fifth Third Bancorp boosted its stake in Matador Resources by 18.3% during the 3rd quarter. Fifth Third Bancorp now owns 1,416 shares of the energy company’s stock valued at $84,000 after purchasing an additional 219 shares during the period. Institutional investors own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a report on Tuesday, March 5th. TD Cowen upped their price target on Matador Resources from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Wells Fargo & Company upped their price target on Matador Resources from $73.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Truist Financial upped their price target on Matador Resources from $82.00 to $85.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Mizuho upped their price target on Matador Resources from $67.00 to $76.00 and gave the company a “buy” rating in a report on Monday, April 1st. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and an average target price of $72.50.

Matador Resources Trading Down 0.9 %

Shares of MTDR opened at $66.96 on Wednesday. Matador Resources has a 1 year low of $42.04 and a 1 year high of $71.08. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $64.11 and a 200-day simple moving average of $59.78. The stock has a market cap of $8.00 billion, a PE ratio of 9.50 and a beta of 3.32.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.05). Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The company had revenue of $836.13 million during the quarter, compared to analyst estimates of $842.96 million. During the same period in the previous year, the company posted $2.08 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, sell-side analysts predict that Matador Resources will post 6.87 EPS for the current fiscal year.

Matador Resources Dividend Announcement

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

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.