Matador Resources (NYSE:MTDR) Plans $0.20 Quarterly Dividend

Matador Resources (NYSE:MTDR - Get Free Report) announced a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.20 per share by the energy company on Friday, June 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, May 16th.

Matador Resources Stock Down 0.2 %

Shares of NYSE:MTDR traded down $0.12 during midday trading on Friday, hitting $64.62. The stock had a trading volume of 1,494,783 shares, compared to its average volume of 1,385,105. The company has a market cap of $7.72 billion, a P/E ratio of 9.17 and a beta of 3.32. Matador Resources has a 12 month low of $42.04 and a 12 month high of $71.08. The business's 50-day simple moving average is $64.72 and its 200-day simple moving average is $59.91. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.53.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing analysts' consensus estimates of $2.04 by ($0.05). The firm had revenue of $836.13 million during the quarter, compared to the consensus estimate of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The business's revenue was up 18.2% on a year-over-year basis. During the same period last year, the business earned $2.08 EPS. On average, sell-side analysts forecast that Matador Resources will post 7.04 earnings per share for the current fiscal year.

Institutional Trading of Matador Resources

Several institutional investors and hedge funds have recently made changes to their positions in MTDR. Money Concepts Capital Corp raised its position in Matador Resources by 202.6% during the 4th quarter. Money Concepts Capital Corp now owns 690 shares of the energy company's stock valued at $39,000 after purchasing an additional 462 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Matador Resources by 46.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company's stock worth $42,000 after purchasing an additional 242 shares during the period. State of Wyoming boosted its stake in shares of Matador Resources by 35.1% during the 2nd quarter. State of Wyoming now owns 1,436 shares of the energy company's stock worth $75,000 after acquiring an additional 373 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Matador Resources by 5,584.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,478 shares of the energy company's stock valued at $84,000 after acquiring an additional 1,452 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in Matador Resources in the 3rd quarter worth $89,000. Hedge funds and other institutional investors own 91.98% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MTDR. Roth Mkm reaffirmed a "buy" rating and issued a $66.00 price objective on shares of Matador Resources in a research report on Monday, March 25th. TD Cowen lifted their price objective on shares of Matador Resources from $64.00 to $72.00 and gave the stock an "outperform" rating in a research report on Monday, March 4th. KeyCorp dropped their price objective on shares of Matador Resources from $76.00 to $71.00 and set an "overweight" rating on the stock in a research report on Thursday, January 11th. Raymond James reduced their target price on shares of Matador Resources from $76.00 to $70.00 and set an "outperform" rating for the company in a report on Monday, January 8th. Finally, StockNews.com raised shares of Matador Resources from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Matador Resources presently has an average rating of "Moderate Buy" and a consensus target price of $73.40.

Matador Resources Company 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.