Thrivent Financial for Lutherans Buys 21,630 Shares of Matador Resources Company $MTDR

Thrivent Financial for Lutherans lifted its stake in Matador Resources Company (NYSE:MTDR) by 2.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,054,232 shares of the energy company’s stock after acquiring an additional 21,630 shares during the period. Thrivent Financial for Lutherans’ holdings in Matador Resources were worth $44,742,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its stake in shares of Matador Resources by 184.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 30,836 shares of the energy company’s stock valued at $1,309,000 after buying an additional 20,011 shares during the period. CIBC Bancorp USA Inc. bought a new stake in shares of Matador Resources in the third quarter valued at about $61,615,000. Neo Ivy Capital Management bought a new stake in shares of Matador Resources in the third quarter valued at about $871,000. Aquatic Capital Management LLC lifted its stake in shares of Matador Resources by 264.8% in the third quarter. Aquatic Capital Management LLC now owns 111,727 shares of the energy company’s stock valued at $5,020,000 after buying an additional 81,102 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Matador Resources by 309.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 32,010 shares of the energy company’s stock valued at $1,438,000 after buying an additional 24,195 shares during the period. Institutional investors own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

MTDR has been the subject of several recent research reports. Citigroup increased their price target on shares of Matador Resources from $62.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. BMO Capital Markets increased their price target on shares of Matador Resources from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Morgan Stanley dropped their price target on shares of Matador Resources from $56.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd. KeyCorp increased their price target on shares of Matador Resources from $61.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Finally, UBS Group increased their price target on shares of Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $63.46.

Matador Resources Stock Performance

NYSE:MTDR opened at $60.34 on Friday. Matador Resources Company has a 12-month low of $37.14 and a 12-month high of $66.84. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $7.49 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.85 and a beta of 0.81. The firm has a 50-day moving average price of $59.34 and a 200 day moving average price of $49.18.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data 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. The company had revenue of $941.60 million during the quarter, compared to analyst estimates of $871.57 million. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The company’s revenue was down 33.8% on a year-over-year basis. During the same quarter last year, the business posted $1.99 earnings per share. Research analysts anticipate that Matador Resources Company will post 7.42 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

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 issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.50 annualized dividend and a dividend yield of 2.5%. Matador Resources’s dividend payout ratio (DPR) is presently 38.56%.

Matador Resources Company Profile

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.