PNC Financial Services Group Inc. grew its position in Matador Resources (NYSE:MTDR – Free Report) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,797 shares of the energy company’s stock after buying an additional 294 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Matador Resources were worth $614,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in MTDR. Parkside Financial Bank & Trust grew its holdings 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 buying an additional 200 shares during the last quarter. Oakworth Capital Inc. purchased a new stake in Matador Resources during the 4th quarter worth about $31,000. Financial Management Professionals Inc. acquired a new position in Matador Resources in the 4th quarter valued at about $34,000. McGlone Suttner Wealth Management Inc. purchased a new position in Matador Resources in the 4th quarter valued at about $35,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Matador Resources during the 4th quarter worth about $53,000. Institutional investors and hedge funds own 91.98% of the company’s stock.
Matador Resources Stock Performance
Matador Resources stock opened at $63.45 on Friday. The stock’s 50-day moving average is $64.85 and its 200-day moving average is $60.51. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 8.69 and a beta of 3.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.89 and a quick ratio of 0.84. Matador Resources has a 12 month low of $43.21 and a 12 month high of $71.08.
Matador Resources (NYSE:MTDR – Get Free Report) last posted its earnings results on Tuesday, April 23rd. The energy company reported $1.71 earnings per share (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 business had revenue of $787.70 million during the quarter, compared to analyst estimates of $740.99 million. During the same quarter last year, the firm earned $1.50 earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. Equities analysts anticipate that Matador Resources will post 7.68 earnings per share for the current year.
Matador Resources Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders 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 1.26%. Matador Resources’s dividend payout ratio (DPR) is currently 10.96%.
Analyst Upgrades and Downgrades
MTDR has been the topic of a number of analyst reports. TD Cowen raised their target price 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. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a research report on Tuesday, March 5th. JPMorgan Chase & Co. upped their price objective on shares of Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Mizuho raised their target price on shares of Matador Resources from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, KeyCorp upped their price target 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. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and an average price target of $74.80.
Check Out Our Latest Analysis on MTDR
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.
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Source: defenseworld.net
