WCM Investment Management LLC Boosts Holdings in Matador Resources (NYSE:MTDR)

WCM Investment Management LLC lifted its position in Matador Resources (NYSE:MTDR - Free Report) by 10.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 304,568 shares of the energy company's stock after purchasing an additional 28,390 shares during the quarter. WCM Investment Management LLC owned 0.26% of Matador Resources worth $17,510,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its stake in shares of Matador Resources by 82.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company's stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Matador Resources in the 4th quarter valued at about $34,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Matador Resources in the 4th quarter valued at about $35,000. Money Concepts Capital Corp lifted its stake in shares of Matador Resources by 202.6% in the 4th quarter. Money Concepts Capital Corp now owns 690 shares of the energy company's stock valued at $39,000 after acquiring an additional 462 shares during the last quarter. Finally, 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 valued at $42,000 after acquiring an additional 242 shares during the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Stock Down 1.5 %

Shares of MTDR stock traded down $1.03 during midday trading on Friday, reaching $68.53. 1,492,865 shares of the stock were exchanged, compared to its average volume of 1,659,791. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. The firm has a market cap of $8.19 billion, a PE ratio of 9.72 and a beta of 3.32. The company's 50 day moving average is $63.55 and its two-hundred day moving average is $59.68. Matador Resources has a 1 year low of $42.04 and a 1 year high of $71.08.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.05). The company had revenue of $836.13 million during the quarter, compared to analysts' expectations of $842.96 million. Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The business's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.08 EPS. On average, equities research analysts predict that Matador Resources will post 6.87 EPS for the current year.

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Friday, February 23rd were paid a $0.20 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.17%. Matador Resources's payout ratio is currently 11.35%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Truist Financial upped their price target on Matador Resources from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, April 5th. TD Cowen upped their price target on Matador Resources from $64.00 to $72.00 and gave the company an "outperform" rating in a research report on Monday, March 4th. Benchmark lowered their price target on Matador Resources from $71.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, January 25th. Raymond James lowered their price target on Matador Resources from $76.00 to $70.00 and set an "outperform" rating for the company in a research report on Monday, January 8th. Finally, KeyCorp lowered their price target on Matador Resources from $76.00 to $71.00 and set an "overweight" rating for the company in a research report on Thursday, January 11th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $72.50.

Matador Resources 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.