Strs Ohio Has $4.84 Million Stake in Matador Resources (NYSE:MTDR)

Strs Ohio decreased its holdings in Matador Resources (NYSE:MTDR) by 14.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 85,100 shares of the energy company’s stock after selling 13,800 shares during the period. Strs Ohio’s holdings in Matador Resources were worth $4,838,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust raised its stake in Matador Resources by 82.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Matador Resources in the 4th quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Matador Resources in the 4th quarter valued at approximately $35,000. Money Concepts Capital Corp raised its position in shares of Matador Resources by 202.6% in the 4th quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock valued at $39,000 after buying an additional 462 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of Matador Resources by 46.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock valued at $42,000 after buying an additional 242 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Price Performance

MTDR stock opened at $64.73 on Friday. The company has a 50 day simple moving average of $64.52 and a 200 day simple moving average of $59.86. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 9.18 and a beta of 3.32. Matador Resources has a 1 year low of $42.04 and a 1 year high of $71.08. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.98.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share 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 business had revenue of $836.13 million for the quarter, compared to the consensus estimate of $842.96 million. During the same period in the previous year, the firm earned $2.08 earnings per share. The company’s revenue was up 18.2% compared to the same quarter last year. Research analysts anticipate that Matador Resources will post 7.04 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Thursday, February 22nd. Matador Resources’s payout ratio is 11.35%.

Analyst Ratings Changes

Several equities analysts have recently commented on MTDR shares. Roth Mkm restated a “buy” rating and issued a $66.00 target price on shares of Matador Resources in a research report on Monday, March 25th. Raymond James dropped their target price on shares of Matador Resources from $76.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, January 8th. Mizuho boosted their target price 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. JPMorgan Chase & Co. boosted their target price on shares of Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, TD Cowen boosted their target price on shares of Matador Resources from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $73.40.

Matador Resources Company 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.