Strs Ohio Sells 54,095 Shares of Matador Resources Company $MTDR

Strs Ohio reduced its stake in Matador Resources Company (NYSE:MTDR) by 95.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,797 shares of the energy company’s stock after selling 54,095 shares during the period. Strs Ohio’s holdings in Matador Resources were worth $119,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Kestra Investment Management LLC grew its holdings in Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after purchasing an additional 358 shares during the period. Rothschild Investment LLC grew its holdings in Matador Resources by 5,927.3% in the third quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after purchasing an additional 652 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Matador Resources in the third quarter worth about $35,000. Geneos Wealth Management Inc. grew its holdings in Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after purchasing an additional 690 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in Matador Resources in the third quarter worth about $49,000. 91.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Matador Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. UBS Group increased their price objective on Matador Resources from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. KeyCorp boosted their target price on Matador Resources from $61.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Royal Bank Of Canada decreased their target price on Matador Resources from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday, January 13th. Finally, BMO Capital Markets raised their target price on shares of Matador Resources from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and an average target price of $63.46.

Matador Resources Stock Up 0.6%

MTDR opened at $56.65 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. Matador Resources Company has a 1-year low of $37.14 and a 1-year high of $66.84. The company has a market capitalization of $7.04 billion, a PE ratio of 14.56, a PEG ratio of 1.77 and a beta of 0.81. The firm’s 50 day simple moving average is $59.05 and its two-hundred day simple moving average is $48.85.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.29. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The business had revenue of $941.60 million for the quarter, compared to the consensus estimate of $871.57 million. During the same period last year, the firm earned $1.99 earnings per share. The company’s quarterly revenue was down 33.8% on a year-over-year basis. As a group, equities analysts forecast that Matador Resources Company will post 7.25 EPS for the current year.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, May 8th. Matador Resources’s dividend payout ratio (DPR) is presently 38.56%.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.