Vanguard Group Inc. Boosts Stake in Matador Resources Company $MTDR

Vanguard Group Inc. grew its position in shares of Matador Resources Company (NYSE:MTDR) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,780,888 shares of the energy company’s stock after buying an additional 101,613 shares during the quarter. Vanguard Group Inc. owned 11.89% of Matador Resources worth $664,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in Matador Resources by 1,104.8% in the first quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock worth $103,000 after purchasing an additional 1,845 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Matador Resources by 361.3% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after buying an additional 690 shares during the period. Sivia Capital Partners LLC purchased a new stake in Matador Resources during the second quarter worth about $255,000. Ethic Inc. purchased a new stake in Matador Resources during the second quarter worth about $284,000. Finally, State of New Jersey Common Pension Fund D raised its position in Matador Resources by 19.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 43,198 shares of the energy company’s stock worth $2,061,000 after acquiring an additional 6,971 shares during the period. 91.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MTDR shares. UBS Group increased their target price on shares of Matador Resources from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. BMO Capital Markets reiterated an “outperform” rating on shares of Matador Resources in a research note on Thursday, December 18th. TD Cowen raised Matador Resources to a “strong-buy” rating in a report on Monday, February 9th. Wells Fargo & Company downgraded Matador Resources from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $61.00 to $47.00 in a research report on Tuesday, January 27th. Finally, Bank of America lowered their target price on Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.82.

Matador Resources Stock Down 2.3%

MTDR opened at $51.20 on Tuesday. Matador Resources Company has a 12 month low of $35.19 and a 12 month high of $54.20. The company has a market cap of $6.36 billion, a PE ratio of 8.18 and a beta of 1.14. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average of $44.22 and a 200 day moving average of $44.34.

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, February 27th. Matador Resources’s dividend payout ratio (DPR) is presently 23.96%.

Matador Resources 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.