BNP Paribas Financial Markets Has $7.80 Million Stake in Matador Resources (NYSE:MTDR)

BNP Paribas Financial Markets raised its holdings in Matador Resources (NYSE:MTDR) by 197.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 137,194 shares of the energy company’s stock after acquiring an additional 91,030 shares during the quarter. BNP Paribas Financial Markets’ holdings in Matador Resources were worth $7,801,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTDR. Mesirow Institutional Investment Management Inc. bought a new position in shares of Matador Resources in the 4th quarter valued at about $8,476,000. Charles Schwab Investment Management Inc. grew its stake in Matador Resources by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,480,882 shares of the energy company’s stock valued at $84,203,000 after purchasing an additional 52,005 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Matador Resources by 12.9% during the 4th quarter. Private Advisor Group LLC now owns 46,008 shares of the energy company’s stock worth $2,616,000 after purchasing an additional 5,274 shares during the last quarter. M&T Bank Corp raised its stake in shares of Matador Resources by 10.2% during the 4th quarter. M&T Bank Corp now owns 6,658 shares of the energy company’s stock worth $378,000 after purchasing an additional 616 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its holdings in shares of Matador Resources by 2.9% in the 4th quarter. Natixis Advisors L.P. now owns 138,817 shares of the energy company’s stock valued at $7,892,000 after buying an additional 3,914 shares during the last quarter. 91.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MTDR has been the topic of a number of recent analyst reports. Benchmark lowered their target price on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a report on Tuesday, March 5th. Roth Mkm reiterated a “buy” rating and issued a $66.00 target price on shares of Matador Resources in a research note on Monday, March 25th. Mizuho boosted their price target on Matador Resources from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, Truist Financial raised their price objective on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, April 26th. 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, Matador Resources has an average rating of “Moderate Buy” and a consensus target price of $74.80.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $62.08 on Friday. The firm has a market cap of $7.75 billion, a P/E ratio of 8.50 and a beta of 3.33. The business’s 50 day moving average is $65.86 and its 200-day moving average is $60.32. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.43. Matador Resources has a 1-year low of $43.12 and a 1-year high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, April 23rd. The energy company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.32. The firm had revenue of $787.70 million for the quarter, compared to analysts’ expectations of $740.99 million. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.50 EPS. Equities research analysts predict that Matador Resources will post 7.67 earnings per share for the current year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources’s dividend payout ratio is currently 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.