Retirement Systems of Alabama Raises Position in Matador Resources (NYSE:MTDR)

Retirement Systems of Alabama increased its stake in shares of Matador Resources (NYSE:MTDR) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,766 shares of the energy company’s stock after purchasing an additional 411 shares during the quarter. Retirement Systems of Alabama owned 0.12% of Matador Resources worth $7,890,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Atria Wealth Solutions Inc. raised its holdings in Matador Resources by 5.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 3,880 shares of the energy company’s stock valued at $221,000 after acquiring an additional 195 shares in the last quarter. Great Lakes Advisors LLC lifted its position in shares of Matador Resources by 1.4% during the 3rd quarter. Great Lakes Advisors LLC now owns 13,851 shares of the energy company’s stock worth $824,000 after purchasing an additional 196 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Matador Resources by 82.0% during the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in Matador Resources by 3.0% in the third quarter. Verdence Capital Advisors LLC now owns 6,964 shares of the energy company’s stock valued at $414,000 after buying an additional 201 shares during the last quarter. Finally, Huntington National Bank raised its stake in Matador Resources by 11.4% in the third quarter. Huntington National Bank now owns 2,112 shares of the energy company’s stock valued at $126,000 after buying an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Trading Up 1.9 %

Shares of MTDR stock opened at $63.28 on Friday. The company has a market capitalization of $7.90 billion, a P/E ratio of 8.67 and a beta of 3.33. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $65.80 and its two-hundred day moving average is $60.29. Matador Resources has a twelve month low of $42.04 and a twelve month high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, April 23rd. The energy company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.32. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The firm had revenue of $787.70 million for the quarter, compared to analyst estimates of $740.99 million. During the same period last year, the firm posted $1.50 EPS. Matador Resources’s quarterly revenue was up 40.6% on a year-over-year basis. Equities analysts forecast that Matador Resources will post 7.57 EPS for the current year.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Wall Street Analysts Forecast Growth

MTDR has been the topic of a number of recent analyst reports. Benchmark dropped their price objective on Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. JPMorgan Chase & Co. raised their price objective on shares of Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Roth Mkm restated a “buy” rating and issued a $66.00 target price on shares of Matador Resources in a report on Monday, March 25th. Mizuho lifted their price target on shares of Matador Resources from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, KeyCorp upped their price objective on shares of Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.30.

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.