Private Client Services LLC Takes Position in Matador Resources (NYSE:MTDR)

Private Client Services LLC bought a new position in shares of Matador Resources (NYSE:MTDR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,345 shares of the energy company's stock, valued at approximately $645,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Algert Global LLC increased its position in Matador Resources by 1,500.9% during the third quarter. Algert Global LLC now owns 71,240 shares of the energy company's stock worth $4,237,000 after buying an additional 66,790 shares during the period. Flputnam Investment Management Co. acquired a new position in Matador Resources during the third quarter worth approximately $204,000. Natixis Advisors L.P. increased its position in Matador Resources by 85.4% during the third quarter. Natixis Advisors L.P. now owns 134,903 shares of the energy company's stock worth $8,024,000 after buying an additional 62,124 shares during the period. Charles Schwab Investment Management Inc. increased its position in Matador Resources by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,428,877 shares of the energy company's stock worth $84,990,000 after buying an additional 33,859 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in Matador Resources during the third quarter worth approximately $33,720,000. Institutional investors and hedge funds own 91.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. TD Cowen boosted their target price on Matador Resources from $64.00 to $72.00 and gave the company an "outperform" rating in a report on Monday, March 4th. Royal Bank of Canada restated an "outperform" rating and issued a $70.00 price target on shares of Matador Resources in a research note on Tuesday, March 5th. Raymond James decreased their price target on Matador Resources from $76.00 to $70.00 and set an "outperform" rating on the stock in a research note on Monday, January 8th. Wells Fargo & Company lifted their price target on Matador Resources from $73.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, March 7th. Finally, Roth Mkm reiterated a "buy" rating and set a $66.00 target price on shares of Matador Resources in a research report on Monday, March 25th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $72.50.

Matador Resources Stock Down 1.4 %

Shares of NYSE MTDR traded down $0.93 on Monday, hitting $67.60. The company had a trading volume of 1,214,342 shares, compared to its average volume of 1,360,027. Matador Resources has a 12-month low of $42.04 and a 12-month high of $71.08. The business has a 50 day moving average of $63.85 and a two-hundred day moving average of $59.73. 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 firm has a market capitalization of $8.08 billion, a P/E ratio of 9.59 and a beta of 3.32.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its 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). Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The company had revenue of $836.13 million during the quarter, compared to analysts' expectations of $842.96 million. During the same period in the previous year, the company earned $2.08 EPS. Matador Resources's quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts forecast that Matador Resources will post 6.87 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Friday, February 23rd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, February 22nd. Matador Resources's dividend payout ratio is currently 11.35%.

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.