Matador Resources (NYSE:MTDR) Stake Lowered by Amalgamated Bank

Amalgamated Bank decreased its stake in Matador Resources (NYSE:MTDR) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,063 shares of the energy company’s stock after selling 1,919 shares during the period. Amalgamated Bank’s holdings in Matador Resources were worth $3,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. William Blair Investment Management LLC acquired a new stake in shares of Matador Resources in the third quarter valued at $33,720,000. First Dallas Securities Inc. lifted its holdings in Matador Resources by 4,501.7% in the 3rd quarter. First Dallas Securities Inc. now owns 387,003 shares of the energy company’s stock valued at $23,019,000 after acquiring an additional 378,593 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Matador Resources by 13.0% in the 3rd quarter. Victory Capital Management Inc. now owns 3,228,290 shares of the energy company’s stock valued at $192,019,000 after acquiring an additional 372,528 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Matador Resources during the 3rd quarter valued at about $19,471,000. Finally, Wellington Management Group LLP grew its stake in shares of Matador Resources by 68.7% in the 3rd quarter. Wellington Management Group LLP now owns 735,769 shares of the energy company’s stock worth $43,764,000 after purchasing an additional 299,708 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MTDR. Mizuho raised their target price on shares of Matador Resources from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Truist Financial boosted their target price on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Benchmark decreased their price target on Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a report on Tuesday, March 5th. Finally, Roth Mkm reiterated a “buy” rating and issued a $66.00 target price on shares of Matador Resources in a report on Monday, March 25th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $74.30.

Matador Resources Stock Performance

Shares of MTDR opened at $65.00 on Friday. The company has a market capitalization of $8.11 billion, a PE ratio of 8.90 and a beta of 3.33. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 0.89. The company’s 50 day moving average price is $65.97 and its 200 day moving average price is $60.26. Matador Resources has a 52 week low of $42.15 and a 52 week high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.39 by $0.32. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The business had revenue of $787.70 million for the quarter, compared to analysts’ expectations of $740.99 million. During the same period in the previous year, the company posted $1.50 EPS. Matador Resources’s revenue was up 40.6% on a year-over-year basis. Research analysts expect that Matador Resources will post 7.57 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources’s dividend payout ratio (DPR) 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.