Jump Financial LLC Raises Holdings in Matador Resources (NYSE:MTDR)

Jump Financial LLC grew its stake in Matador Resources (NYSE:MTDR - Free Report) by 208.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,846 shares of the energy company's stock after purchasing an additional 13,408 shares during the quarter. Jump Financial LLC's holdings in Matador Resources were worth $1,128,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Parkside Financial Bank & Trust increased its stake 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 purchasing an additional 200 shares in the last quarter. Oakworth Capital Inc. bought a new stake in Matador Resources during the 4th quarter valued at about $31,000. Financial Management Professionals Inc. bought a new stake in shares of Matador Resources in the fourth quarter valued at about $34,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Matador Resources during the fourth quarter valued at approximately $35,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Matador Resources during the fourth quarter valued at about $53,000. 91.98% of the stock is owned by institutional investors.

Matador Resources Stock Performance

Shares of NYSE MTDR traded up $0.43 during trading hours on Friday, hitting $62.08. 1,014,534 shares of the stock were exchanged, compared to its average volume of 1,255,923. Matador Resources has a one year low of $43.12 and a one year high of $71.08. The company's 50 day moving average is $65.86 and its 200 day moving average is $60.31. 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 firm has a market capitalization of $7.75 billion, a P/E ratio of 8.50 and a beta of 3.33.

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

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources's dividend payout ratio (DPR) is currently 10.96%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MTDR shares. KeyCorp raised their price target on shares of Matador Resources from $71.00 to $76.00 and gave the stock an "overweight" rating in a report on Monday, April 22nd. Roth Mkm reissued a "buy" rating and issued a $66.00 price target on shares of Matador Resources in a research note on Monday, March 25th. StockNews.com upgraded Matador Resources from a "sell" rating to a "hold" rating in a research report on Thursday, February 22nd. Mizuho increased their price objective on Matador Resources from $78.00 to $83.00 and gave the stock a "buy" rating in a research report on Monday, May 13th. Finally, Truist Financial increased their target price on Matador Resources from $85.00 to $87.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.80.

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.