Matador Resources (NYSE:MTDR) Stock Holdings Increased by Truist Financial Corp

Truist Financial Corp grew its position in shares of Matador Resources (NYSE:MTDR) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,261 shares of the energy company’s stock after buying an additional 874 shares during the period. Truist Financial Corp’s holdings in Matador Resources were worth $5,985,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Simplicity Solutions LLC bought a new position in Matador Resources during the third quarter worth $236,000. Dakota Wealth Management bought a new position in shares of Matador Resources in the 3rd quarter worth about $221,000. Raymond James & Associates boosted its holdings in shares of Matador Resources by 1.3% in the 3rd quarter. Raymond James & Associates now owns 144,591 shares of the energy company’s stock valued at $8,600,000 after buying an additional 1,837 shares during the period. Bailard Inc. bought a new stake in shares of Matador Resources during the 3rd quarter valued at about $387,000. Finally, Verdence Capital Advisors LLC raised its stake in Matador Resources by 3.0% during the third 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. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Stock Up 1.9 %

Shares of Matador Resources stock opened at $63.28 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. Matador Resources has a 12-month low of $42.04 and a 12-month high of $71.08. The firm has a market capitalization of $7.90 billion, a PE ratio of 8.67 and a beta of 3.33. The stock’s fifty day moving average is $65.80 and its 200-day moving average is $60.26.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, April 23rd. The energy company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.32. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The firm had revenue of $787.70 million for the quarter, compared to the consensus estimate of $740.99 million. During the same quarter in the previous year, the company earned $1.50 EPS. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. Equities analysts anticipate that Matador Resources will post 7.57 earnings per share for the current year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.20 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Analyst Ratings Changes

A number of brokerages have commented on MTDR. Mizuho lifted their target price on Matador Resources from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. 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. StockNews.com upgraded Matador Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Wells Fargo & Company boosted their target price on shares of Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, Truist Financial lifted their price target on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $74.30.

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.