Matador Resources Company $MTDR Stake Raised by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its holdings in shares of Matador Resources Company (NYSE:MTDR) by 184.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,836 shares of the energy company’s stock after acquiring an additional 20,011 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Matador Resources were worth $1,309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Kestra Investment Management LLC lifted its position in shares of Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after purchasing an additional 358 shares in the last quarter. Rothschild Investment LLC grew its position in Matador Resources by 5,927.3% during the third quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock valued at $30,000 after purchasing an additional 652 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Matador Resources in the 3rd quarter valued at approximately $35,000. Geneos Wealth Management Inc. increased its stake in Matador Resources by 361.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after buying an additional 690 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in Matador Resources in the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MTDR shares. Mizuho lifted their target price on shares of Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. TD Cowen upped their price target on shares of Matador Resources from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, March 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Matador Resources in a report on Friday, January 9th. Morgan Stanley reduced their price objective on Matador Resources from $56.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada lowered their target price on Matador Resources from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.86.

Matador Resources Stock Down 0.1%

Matador Resources stock opened at $62.82 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 0.57. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $66.84. The firm’s fifty day simple moving average is $53.06 and its 200-day simple moving average is $46.24. The company has a market capitalization of $7.81 billion, a P/E ratio of 10.30 and a beta of 0.91.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.16. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The firm had revenue of $847.99 million during the quarter, compared to analysts’ expectations of $811.13 million. During the same period in the prior year, the company posted $1.83 earnings per share. Matador Resources’s revenue for the quarter was down 15.7% on a year-over-year basis. Sell-side analysts forecast that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 27th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, February 27th. Matador Resources’s dividend payout ratio (DPR) is presently 24.59%.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.