Vanguard Personalized Indexing Management LLC Acquires 5,747 Shares of Matador Resources (NYSE:MTDR)

Vanguard Personalized Indexing Management LLC grew its holdings in Matador Resources (NYSE:MTDRFree Report) by 32.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,221 shares of the energy company’s stock after purchasing an additional 5,747 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Matador Resources were worth $1,320,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Matador Resources by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,028,782 shares of the energy company’s stock worth $229,083,000 after acquiring an additional 87,299 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Matador Resources by 6.3% in the fourth quarter. Victory Capital Management Inc. now owns 3,430,593 shares of the energy company’s stock worth $195,064,000 after acquiring an additional 202,303 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Matador Resources by 10.6% in the third quarter. Clearbridge Investments LLC now owns 1,813,424 shares of the energy company’s stock worth $107,862,000 after acquiring an additional 173,063 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Matador Resources by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,480,882 shares of the energy company’s stock worth $84,203,000 after acquiring an additional 52,005 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Matador Resources by 6.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,361,737 shares of the energy company’s stock worth $77,428,000 after acquiring an additional 87,458 shares during the period. Institutional investors own 91.98% of the company’s stock.

Matador Resources Price Performance

Shares of Matador Resources stock opened at $62.08 on Friday. The stock’s 50-day simple moving average is $65.86 and its 200-day simple moving average is $60.31. Matador Resources has a 52 week low of $43.12 and a 52 week high of $71.08. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 8.50 and a beta of 3.33. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.43.

Matador Resources (NYSE:MTDRGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $1.50 earnings per share. The business’s revenue was up 40.6% on a year-over-year basis. As a group, analysts expect that Matador Resources will post 7.67 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.29%. Matador Resources’s payout ratio is 10.96%.

Analyst Ratings Changes

Several analysts recently commented on MTDR shares. Truist Financial lifted their price objective on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, April 26th. JPMorgan Chase & Co. lifted their target price on Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Wells Fargo & Company lifted their target price on Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Benchmark lowered their target price on Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Finally, Roth Mkm reiterated a “buy” rating and set a $66.00 target price on shares of Matador Resources in a research report on Monday, March 25th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.80.

Check Out Our Latest Analysis on MTDR

Matador Resources Profile

(Free Report)

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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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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