Orion Portfolio Solutions LLC Has $1.92 Million Holdings in Matador Resources (NYSE:MTDR)

Orion Portfolio Solutions LLC increased its holdings in Matador Resources (NYSE:MTDRFree Report) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,500 shares of the energy company’s stock after acquiring an additional 2,128 shares during the period. Orion Portfolio Solutions LLC’s holdings in Matador Resources were worth $1,919,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in Matador Resources by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,028,782 shares of the energy company’s stock valued at $229,083,000 after purchasing an additional 87,299 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Matador Resources by 6.3% in the 4th quarter. Victory Capital Management Inc. now owns 3,430,593 shares of the energy company’s stock worth $195,064,000 after buying an additional 202,303 shares during the period. Clearbridge Investments LLC grew its stake in Matador Resources by 0.4% in the 4th quarter. Clearbridge Investments LLC now owns 1,820,404 shares of the energy company’s stock valued at $103,508,000 after buying an additional 6,980 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Matador Resources by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,480,882 shares of the energy company’s stock valued at $84,203,000 after acquiring an additional 52,005 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Matador Resources by 6.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,361,737 shares of the energy company’s stock worth $77,428,000 after acquiring an additional 87,458 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MTDR. Mizuho upped their target price on shares of Matador Resources from $78.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Roth Mkm reiterated a “buy” rating and issued a $66.00 price target on shares of Matador Resources in a research note on Monday, March 25th. TD Cowen upped their price target on Matador Resources from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Truist Financial upped their price target on shares of Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, StockNews.com upgraded Matador Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and a consensus price target of $74.80.

Check Out Our Latest Stock Report on MTDR

Matador Resources Price Performance

Shares of NYSE:MTDR opened at $62.17 on Friday. The firm’s 50 day moving average price is $64.94 and its 200-day moving average price is $60.45. The stock has a market capitalization of $7.76 billion, a PE ratio of 8.52 and a beta of 3.33. Matador Resources has a twelve month low of $43.21 and a twelve month high of $71.08. 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 (NYSE:MTDRGet Free Report) last released its earnings results 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. The company had revenue of $787.70 million during the quarter, compared to analyst estimates of $740.99 million. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.50 EPS. Equities research analysts expect that Matador Resources will post 7.68 EPS for the current year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources’s dividend payout ratio (DPR) is 10.96%.

Matador Resources Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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