Mirae Asset Global Investments Co. Ltd. Sells 1,269 Shares of Matador Resources (NYSE:MTDR)

Mirae Asset Global Investments Co. Ltd. cut its holdings in Matador Resources (NYSE:MTDR) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,616 shares of the energy company’s stock after selling 1,269 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Matador Resources were worth $2,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTDR. Campbell Newman Asset Management Inc. bought a new position in shares of Matador Resources during the 4th quarter valued at $1,093,000. International Assets Investment Management LLC lifted its holdings in shares of Matador Resources by 5,584.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,478 shares of the energy company’s stock valued at $84,000 after buying an additional 1,452 shares during the period. Spirit of America Management Corp NY bought a new position in shares of Matador Resources during the 4th quarter valued at $512,000. Fifth Third Bancorp lifted its holdings in shares of Matador Resources by 40.3% during the 4th quarter. Fifth Third Bancorp now owns 1,987 shares of the energy company’s stock valued at $113,000 after buying an additional 571 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of Matador Resources during the 4th quarter valued at $35,000. 91.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. KeyCorp lowered their price target on Matador Resources from $76.00 to $71.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. Mizuho upped their price objective on Matador Resources from $67.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Raymond James reduced their price objective on Matador Resources from $76.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, January 8th. JPMorgan Chase & Co. upped 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. Finally, Truist Financial upped their price objective on Matador Resources from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.50.

Matador Resources Stock Down 1.9 %

Shares of NYSE:MTDR opened at $65.67 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. Matador Resources has a 12 month low of $42.04 and a 12 month high of $71.08. The company has a 50-day moving average price of $64.34 and a 200 day moving average price of $59.83. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 9.31 and a beta of 3.32.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.05). The business had revenue of $836.13 million during the quarter, compared to the consensus estimate of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.08 EPS. As a group, equities research analysts predict that Matador Resources will post 6.87 earnings per share for the current year.

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, February 23rd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, February 22nd. Matador Resources’s dividend payout ratio (DPR) is presently 11.35%.

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.