Allspring Global Investments Holdings LLC Has $11.12 Million Stake in Matador Resources (NYSE:MTDR)

Allspring Global Investments Holdings LLC grew its stake in Matador Resources (NYSE:MTDR - Free Report) by 51.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,550 shares of the energy company's stock after buying an additional 66,665 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.16% of Matador Resources worth $11,119,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MTDR. Parkside Financial Bank & Trust boosted its holdings in shares of Matador Resources by 82.0% in the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company's stock valued at $26,000 after buying an additional 200 shares during the period. Financial Management Professionals Inc. acquired a new position in Matador Resources during the fourth quarter worth $34,000. McGlone Suttner Wealth Management Inc. acquired a new position in Matador Resources during the fourth quarter worth $35,000. Money Concepts Capital Corp boosted its holdings in Matador Resources by 202.6% during 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% during 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. Institutional investors and hedge funds own 91.98% of the company's stock.

Analyst Ratings Changes

MTDR has been the subject of several recent research reports. Mizuho increased their target price on shares of Matador Resources from $67.00 to $76.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Royal Bank of Canada restated an "outperform" rating and set a $70.00 target price on shares of Matador Resources in a report on Tuesday, March 5th. Truist Financial increased their target price on shares of Matador Resources from $82.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, April 5th. TD Cowen increased their target price on shares of Matador Resources from $64.00 to $72.00 and gave the stock an "outperform" rating in a report on Monday, March 4th. Finally, KeyCorp cut their price target on shares of Matador Resources from $76.00 to $71.00 and set an "overweight" rating for the company in a research note on Thursday, January 11th. One investment 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $72.50.

Matador Resources Stock Performance

MTDR stock traded down $1.29 during trading hours on Wednesday, reaching $65.67. The stock had a trading volume of 1,578,657 shares, compared to its average volume of 1,379,497. The stock has a market capitalization of $7.85 billion, a PE ratio of 9.31 and a beta of 3.32. The stock has a 50-day simple moving average of $64.34 and a 200 day simple moving average of $59.83. Matador Resources has a fifty-two week low of $42.04 and a fifty-two week high of $71.08. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.98.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. Matador Resources's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.08 earnings per share. Analysts predict that Matador Resources will post 6.87 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, February 23rd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, February 22nd. Matador Resources's payout ratio is presently 11.35%.

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.