Peterson Wealth Services bought a new stake in Matador Resources (NYSE:MTDR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,346 shares of the energy company's stock, valued at approximately $1,498,000.
Other hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust increased its position in Matador Resources by 82.0% in the 3rd 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. Oakworth Capital Inc. acquired a new position in Matador Resources in the fourth quarter worth approximately $31,000. Financial Management Professionals Inc. bought a new position in Matador Resources during the fourth quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. bought a new position in Matador Resources during the fourth quarter valued at approximately $35,000. Finally, Money Concepts Capital Corp grew its position 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 acquiring an additional 462 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on MTDR shares. Benchmark cut their price target on shares of Matador Resources from $71.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, January 25th. Wells Fargo & Company boosted their price target on Matador Resources from $76.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday. TD Cowen increased their price objective on Matador Resources from $64.00 to $72.00 and gave the company an "outperform" rating in a report on Monday, March 4th. Mizuho raised their price objective on Matador Resources from $67.00 to $76.00 and gave the company a "buy" rating in a research note on Monday, April 1st. Finally, Roth Mkm reaffirmed a "buy" rating and set a $66.00 target price on shares of Matador Resources in a research report on Monday, March 25th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $73.40.
Check Out Our Latest Analysis on Matador Resources
Matador Resources Stock Performance
NYSE:MTDR traded down $0.92 during trading hours on Thursday, hitting $64.73. 1,690,546 shares of the company traded hands, compared to its average volume of 1,383,637. 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 twelve month low of $42.04 and a twelve month high of $71.08. The firm has a 50-day moving average of $64.52 and a 200 day moving average of $59.86. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 9.18 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 the consensus estimate of $2.04 by ($0.05). Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The company had revenue of $836.13 million during the quarter, compared to the consensus estimate of $842.96 million. During the same quarter in the previous year, the business posted $2.08 EPS. The firm's quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts forecast that Matador Resources will post 7.04 EPS for the current year.
Matador Resources Dividend Announcement
The company also recently announced 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 of this dividend was Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. Matador Resources's payout ratio is 11.35%.
About Matador Resources
(
Free Report)
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.
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