Vaughan Nelson Investment Management L.P. Boosts Stake in Matador Resources (NYSE:MTDR)

Vaughan Nelson Investment Management L.P. lifted its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 87.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 612,160 shares of the energy company's stock after acquiring an additional 284,805 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.51% of Matador Resources worth $34,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTDR. Parkside Financial Bank & Trust boosted its holdings in Matador Resources by 82.0% in the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company's stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in Matador Resources in the fourth quarter worth approximately $34,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Matador Resources in the fourth quarter worth approximately $35,000. Money Concepts Capital Corp boosted its holdings in Matador Resources by 202.6% in the fourth quarter. Money Concepts Capital Corp now owns 690 shares of the energy company's stock worth $39,000 after purchasing an additional 462 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in Matador Resources by 46.7% in the fourth 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 last quarter. Hedge funds and other institutional investors own 91.98% of the company's stock.

Matador Resources Price Performance

Shares of MTDR traded up $0.79 during trading hours on Friday, reaching $69.97. 1,716,279 shares of the stock traded hands, compared to its average volume of 1,547,123. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. Matador Resources has a 52-week low of $42.04 and a 52-week high of $70.53. The company's 50-day moving average price is $62.12 and its two-hundred day moving average price is $59.31. The company has a market cap of $8.36 billion, a P/E ratio of 9.92 and a beta of 3.32.

Matador Resources (NYSE:MTDR - Get Free Report) last released its earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share for the quarter, missing analysts' consensus estimates of $2.04 by ($0.05). Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The firm had revenue of $836.13 million for the quarter, compared to analysts' expectations of $842.96 million. During the same quarter last year, the firm posted $2.08 EPS. The firm's quarterly revenue was up 18.2% compared to the same quarter last year. On average, analysts anticipate that Matador Resources will post 6.89 earnings per share for the current year.

Matador Resources Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MTDR. TD Cowen lifted their price target on shares of Matador Resources from $64.00 to $72.00 and gave the stock an "outperform" rating in a research note on Monday, March 4th. Raymond James dropped their price target on shares of Matador Resources from $76.00 to $70.00 and set an "outperform" rating on the stock in a research note on Monday, January 8th. Truist Financial lifted their price target on shares of Matador Resources from $82.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday. Mizuho lifted their price target on shares of Matador Resources from $67.00 to $76.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $70.00 price target on shares of Matador Resources in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $72.20.

About Matador Resources

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.