Swiss National Bank Reduces Holdings in Matador Resources (NYSE:MTDR)

Swiss National Bank trimmed its holdings in Matador Resources (NYSE:MTDR - Free Report) by 10.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 223,102 shares of the energy company's stock after selling 25,800 shares during the quarter. Swiss National Bank owned about 0.19% of Matador Resources worth $12,686,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Parkside Financial Bank & Trust grew 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 worth $26,000 after acquiring an additional 200 shares during the period. Oakworth Capital Inc. purchased a new stake in shares of Matador Resources during the 4th quarter valued at about $31,000. Financial Management Professionals Inc. bought a new position in shares of Matador Resources in the 4th quarter worth approximately $34,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Matador Resources in the fourth quarter worth approximately $35,000. Finally, GAMMA Investing LLC bought a new stake in Matador Resources during the fourth quarter valued at approximately $53,000. Hedge funds and other institutional investors own 91.98% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Benchmark decreased their price target on shares of Matador Resources from $71.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, April 23rd. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. raised their price objective on Matador Resources from $76.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, April 11th. Truist Financial boosted their price objective on Matador Resources from $85.00 to $87.00 and gave the company a "buy" rating in a research note on Friday, April 26th. Finally, KeyCorp lifted their target price on shares of Matador Resources from $71.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $74.30.

Matador Resources Price Performance

Shares of Matador Resources stock traded down $1.03 during trading on Friday, reaching $63.97. 754,567 shares of the stock traded hands, 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 52-week low of $42.15 and a 52-week high of $71.08. The business has a fifty day simple moving average of $65.96 and a two-hundred day simple moving average of $60.24.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The energy company reported $1.71 earnings per share (EPS) for the quarter, topping 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 business had revenue of $787.70 million for the quarter, compared to the consensus estimate of $740.99 million. During the same quarter in the previous year, the company posted $1.50 EPS. The company's revenue was up 40.6% compared to the same quarter last year. Sell-side analysts expect that Matador Resources will post 7.67 EPS for the current year.

Matador Resources Dividend Announcement

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