Mesirow Institutional Investment Management Inc. Invests $8.48 Million in Matador Resources (NYSE:MTDR)

Mesirow Institutional Investment Management Inc. bought a new position in shares of Matador Resources (NYSE:MTDR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 149,062 shares of the energy company's stock, valued at approximately $8,476,000. Mesirow Institutional Investment Management Inc. owned 0.13% of Matador Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the business. Parkside Financial Bank & Trust raised its stake in Matador Resources by 82.0% during the 3rd 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 last quarter. Oakworth Capital Inc. purchased a new stake in shares of Matador Resources during the fourth quarter worth approximately $31,000. Financial Management Professionals Inc. acquired a new stake in shares of Matador Resources during the fourth quarter worth $34,000. McGlone Suttner Wealth Management Inc. purchased a new position in Matador Resources in the 4th quarter valued at $35,000. Finally, GAMMA Investing LLC acquired a new position in Matador Resources in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 91.98% of the company's stock.

Matador Resources Price Performance

MTDR traded down $1.03 during trading on Friday, reaching $63.97. 754,567 shares of the stock were exchanged, compared to its average volume of 1,441,262. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.89 and a quick ratio of 0.84. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 8.76 and a beta of 3.33. Matador Resources has a 1 year low of $42.15 and a 1 year high of $71.08. The business's 50 day moving average price is $65.96 and its two-hundred day moving average price is $60.25.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.39 by $0.32. The business had revenue of $787.70 million for the quarter, compared to analyst estimates of $740.99 million. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The business's revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 EPS. As a group, equities research analysts anticipate that Matador Resources will post 7.67 earnings per share for the current year.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, May 16th. Matador Resources's dividend payout ratio (DPR) is presently 10.96%.

Analysts Set New Price Targets

MTDR has been the subject of several recent analyst reports. Benchmark reduced their target price on shares of Matador Resources from $71.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, April 23rd. Roth Mkm reaffirmed a "buy" rating and issued a $66.00 price objective on shares of Matador Resources in a report on Monday, March 25th. Royal Bank of Canada reissued an "outperform" rating and set a $70.00 target price on shares of Matador Resources in a research note on Tuesday, March 5th. Wells Fargo & Company raised their price target on Matador Resources from $76.00 to $85.00 and gave the company an "overweight" rating in a report on Thursday, April 18th. Finally, Mizuho upped their price objective on Matador Resources from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $74.30.

About Matador Resources

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.