Campbell Newman Asset Management Inc. Purchases Shares of 19,214 Matador Resources (NYSE:MTDR)

Campbell Newman Asset Management Inc. bought a new position in Matador Resources (NYSE:MTDR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 19,214 shares of the energy company's stock, valued at approximately $1,093,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Matador Resources by 4.8% during the first quarter. Vanguard Group Inc. now owns 12,422,915 shares of the energy company's stock valued at $658,165,000 after acquiring an additional 567,557 shares during the period. State Street Corp raised its holdings in shares of Matador Resources by 7.0% during the first quarter. State Street Corp now owns 5,777,669 shares of the energy company's stock valued at $306,101,000 after acquiring an additional 377,853 shares during the period. Invesco Ltd. raised its holdings in shares of Matador Resources by 82.9% during the first quarter. Invesco Ltd. now owns 4,367,715 shares of the energy company's stock valued at $231,403,000 after acquiring an additional 1,979,904 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Matador Resources by 3.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,326,071 shares of the energy company's stock valued at $201,552,000 after acquiring an additional 135,179 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Matador Resources by 13.0% during the third quarter. Victory Capital Management Inc. now owns 3,228,290 shares of the energy company's stock valued at $192,019,000 after acquiring an additional 372,528 shares during the period. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Up 1.1 %

MTDR stock traded up $0.79 during trading hours on Friday, hitting $69.97. The company's stock had a trading volume of 1,716,279 shares, compared to its average volume of 1,547,123. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $8.36 billion, a PE ratio of 9.92 and a beta of 3.32. Matador Resources has a 12 month low of $42.04 and a 12 month high of $70.53. The stock has a 50 day moving average price of $62.12 and a two-hundred day moving average price of $59.30.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.05). The business had revenue of $836.13 million during the quarter, compared to the consensus estimate of $842.96 million. Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The business's revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.08 earnings per share. On average, equities research analysts expect that Matador Resources will post 6.67 earnings per share for the current year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, February 23rd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.14%. The ex-dividend date was Thursday, February 22nd. Matador Resources's dividend payout ratio is 11.35%.

Wall Street Analysts Forecast Growth

MTDR has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Matador Resources from $73.00 to $76.00 and gave the company an "overweight" rating in a report on Thursday, March 7th. Benchmark lowered their price objective on shares of Matador Resources from $71.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, January 25th. Truist Financial boosted their price objective on shares of Matador Resources from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Friday. StockNews.com raised shares of Matador Resources from a "sell" rating to a "hold" rating in a research report on Thursday, February 22nd. Finally, Roth Mkm reaffirmed a "buy" rating and set a $66.00 price objective on shares of Matador Resources in a research report on Monday, March 25th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Matador Resources has a consensus rating of "Moderate Buy" and a consensus target price of $72.20.

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.