Matador Resources (NYSE:MTDR) Shares Bought by Signaturefd LLC

Signaturefd LLC lifted its position in shares of Matador Resources (NYSE:MTDR) by 16.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,133 shares of the energy company’s stock after acquiring an additional 309 shares during the quarter. Signaturefd LLC’s holdings in Matador Resources were worth $121,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its holdings in Matador Resources by 82.0% in the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Oakworth Capital Inc. purchased a new stake in Matador Resources during the fourth quarter worth about $31,000. Financial Management Professionals Inc. acquired a new position in Matador Resources during the fourth quarter worth about $34,000. McGlone Suttner Wealth Management Inc. purchased a new position in Matador Resources in the fourth quarter valued at about $35,000. Finally, Fifth Third Bancorp lifted its position in shares of 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 acquiring an additional 219 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Truist Financial upped their price target on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Friday. Roth Mkm reissued a “buy” rating and issued a $66.00 target price on shares of Matador Resources in a report on Monday, March 25th. StockNews.com raised Matador Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. 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 report on Monday, January 8th. Finally, KeyCorp upped their price target on shares of Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.30.

Matador Resources Trading Up 0.8 %

NYSE MTDR opened at $66.15 on Tuesday. Matador Resources has a 12 month low of $42.04 and a 12 month high of $71.08. The company has a 50-day moving average of $65.50 and a 200-day moving average of $60.25. The company has a market cap of $7.91 billion, a P/E ratio of 9.06 and a beta of 3.32. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.89 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, April 23rd. The energy company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.32. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The company had revenue of $787.70 million for the quarter, compared to analyst estimates of $740.99 million. During the same quarter last year, the business earned $1.50 EPS. Matador Resources’s revenue for the quarter was up 40.6% on a year-over-year basis. As a group, equities analysts predict that Matador Resources will post 7.5 earnings per share for the current year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.80 annualized dividend and a yield of 1.21%. Matador Resources’s dividend payout ratio is presently 10.96%.

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.