Russell Investments Group Ltd. Sells 54,333 Shares of Matador Resources (NYSE:MTDR)

Russell Investments Group Ltd. trimmed its stake in Matador Resources (NYSE:MTDR - Free Report) by 35.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,798 shares of the energy company's stock after selling 54,333 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of Matador Resources worth $5,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTDR. Atria Wealth Solutions Inc. grew its position in shares of Matador Resources by 5.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 3,880 shares of the energy company's stock valued at $221,000 after purchasing an additional 195 shares during the last quarter. Great Lakes Advisors LLC lifted its holdings in shares of Matador Resources by 1.4% during the third quarter. Great Lakes Advisors LLC now owns 13,851 shares of the energy company's stock worth $824,000 after buying an additional 196 shares during the last quarter. Parkside Financial Bank & Trust boosted its position 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 acquiring an additional 200 shares during the period. Huntington National Bank increased its holdings in shares of Matador Resources by 11.4% during the 3rd quarter. Huntington National Bank now owns 2,112 shares of the energy company's stock worth $126,000 after purchasing an additional 216 shares during the period. Finally, Fifth Third Bancorp raised its holdings in Matador Resources by 18.3% in the 3rd quarter. Fifth Third Bancorp now owns 1,416 shares of the energy company's stock valued at $84,000 after acquiring an additional 219 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MTDR. Mizuho increased their price objective on shares of Matador Resources from $76.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, April 24th. Royal Bank of Canada reiterated an "outperform" rating and issued a $70.00 price objective on shares of Matador Resources in a research note on Tuesday, March 5th. StockNews.com upgraded Matador Resources from a "sell" rating to a "hold" rating in a research report on Thursday, February 22nd. Benchmark reduced their price target on Matador Resources from $71.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, April 23rd. Finally, Truist Financial increased their target price on Matador Resources from $85.00 to $87.00 and gave the company a "buy" rating in a research note on Friday, April 26th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Matador Resources has an average rating of "Moderate Buy" and an average target price of $74.30.

Matador Resources Stock Down 1.6 %

MTDR traded down $1.01 during trading on Friday, hitting $63.99. The company had a trading volume of 754,491 shares, compared to its average volume of 1,371,354. The company has a market capitalization of $7.98 billion, a PE ratio of 8.90 and a beta of 3.33. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. Matador Resources has a one year low of $42.15 and a one year high of $71.08. The firm's 50-day moving average price is $65.97 and its 200 day moving average price is $60.26.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.32. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The company had revenue of $787.70 million for the quarter, compared to analyst estimates of $740.99 million. During the same period in the previous year, the company posted $1.50 earnings per share. The company's quarterly revenue was up 40.6% compared to the same quarter last year. As a group, equities analysts expect that Matador Resources will post 7.57 earnings per share for the current year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources's dividend payout ratio is presently 10.96%.

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.