TimesSquare Capital Management LLC Has $36.57 Million Stake in Matador Resources (NYSE:MTDR)

TimesSquare Capital Management LLC trimmed its stake in Matador Resources (NYSE:MTDR - Free Report) by 27.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 643,140 shares of the energy company's stock after selling 246,980 shares during the period. TimesSquare Capital Management LLC owned about 0.54% of Matador Resources worth $36,569,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in Matador Resources by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,480,882 shares of the energy company's stock worth $84,203,000 after acquiring an additional 52,005 shares during the period. Private Advisor Group LLC grew its holdings in Matador Resources by 12.9% during the 4th quarter. Private Advisor Group LLC now owns 46,008 shares of the energy company's stock worth $2,616,000 after acquiring an additional 5,274 shares during the period. M&T Bank Corp grew its holdings in Matador Resources by 10.2% during the 4th quarter. M&T Bank Corp now owns 6,658 shares of the energy company's stock worth $378,000 after acquiring an additional 616 shares during the period. Natixis Advisors L.P. grew its holdings in Matador Resources by 2.9% during the 4th quarter. Natixis Advisors L.P. now owns 138,817 shares of the energy company's stock worth $7,892,000 after acquiring an additional 3,914 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Matador Resources by 6.3% during the 4th quarter. Victory Capital Management Inc. now owns 3,430,593 shares of the energy company's stock worth $195,064,000 after purchasing an additional 202,303 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Stock Performance

Shares of Matador Resources stock traded up $0.14 during mid-day trading on Wednesday, hitting $64.24. 939,249 shares of the stock were exchanged, compared to its average volume of 1,384,287. Matador Resources has a 12 month low of $42.15 and a 12 month high of $71.08. The company has a 50-day simple moving average of $65.93 and a 200 day simple moving average of $60.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 0.89. The company has a market capitalization of $8.02 billion, a P/E ratio of 8.80 and a beta of 3.33.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.39 by $0.32. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The firm had revenue of $787.70 million for the quarter, compared to analysts' expectations of $740.99 million. During the same quarter last year, the firm earned $1.50 EPS. The company's quarterly revenue was up 40.6% compared to the same quarter last year. Sell-side analysts anticipate that Matador Resources will post 7.57 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. Matador Resources's dividend payout ratio is currently 10.96%.

Analyst Upgrades and Downgrades

MTDR has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $70.00 price objective on shares of Matador Resources in a research report on Tuesday, March 5th. TD Cowen increased their price objective on shares of Matador Resources from $64.00 to $72.00 and gave the stock an "outperform" rating in a research report on Monday, March 4th. KeyCorp increased their price objective on shares of Matador Resources from $71.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday, April 22nd. StockNews.com raised shares of Matador Resources from a "sell" rating to a "hold" rating in a research report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Matador Resources from $76.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, April 11th. 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, Matador Resources presently has an average rating of "Moderate Buy" and an average price target of $74.30.

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.

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