Universal Beteiligungs und Servicegesellschaft mbH Increases Stake in Matador Resources Company $MTDR

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Matador Resources Company (NYSE:MTDR - Free Report) by 17.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 233,212 shares of the energy company's stock after acquiring an additional 35,366 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.19% of Matador Resources worth $9,898,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Kestra Investment Management LLC increased its stake 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 raised its position in shares of Matador Resources by 5,927.3% in 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 during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of Matador Resources during the 3rd quarter valued at approximately $35,000. Geneos Wealth Management Inc. boosted its holdings in Matador Resources by 361.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company's stock worth $45,000 after buying an additional 690 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in Matador Resources in the 3rd quarter worth approximately $49,000. 91.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MTDR. Weiss Ratings reissued a "hold (c-)" rating on shares of Matador Resources in a report on Friday, January 9th. UBS Group raised their price target on Matador Resources from $50.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, March 5th. Citigroup boosted their price objective on Matador Resources from $62.00 to $77.00 and gave the company a "buy" rating in a research note on Tuesday, March 31st. Truist Financial initiated coverage on Matador Resources in a report on Tuesday, March 24th. They set a "hold" rating and a $60.00 price objective on the stock. Finally, Royal Bank Of Canada cut their target price on Matador Resources from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.62.

Matador Resources Stock Up 0.1%

Shares of NYSE:MTDR opened at $60.50 on Monday. The firm has a fifty day moving average price of $57.22 and a two-hundred day moving average price of $47.70. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 9.92 and a beta of 0.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.79 and a quick ratio of 0.75. Matador Resources Company has a one year low of $37.14 and a one year high of $66.84.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.16. The firm had revenue of $809.55 million for the quarter, compared to analysts' expectations of $811.13 million. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The business's quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 earnings per share. Analysts anticipate that Matador Resources Company will post 7.35 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, May 8th. Matador Resources's dividend payout ratio is currently 24.59%.

Matador Resources Profile

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.

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