Matador Resources (NYSE:MTDR) Declares $0.20 Quarterly Dividend

Matador Resources (NYSE:MTDR) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.20 per share by the energy company on Friday, June 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 16th.

Matador Resources Price Performance

Shares of NYSE:MTDR opened at $64.73 on Friday. Matador Resources has a twelve month low of $42.04 and a twelve month high of $71.08. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. The company has a market cap of $7.74 billion, a PE ratio of 9.18 and a beta of 3.32. The company’s 50 day moving average is $64.52 and its 200 day moving average is $59.86.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.05). The business had revenue of $836.13 million during the quarter, compared to analysts’ expectations of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the company earned $2.08 earnings per share. On average, sell-side analysts forecast that Matador Resources will post 7.04 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Mizuho increased their price target on Matador Resources from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Benchmark dropped their target price on Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. JPMorgan Chase & Co. lifted their price target on Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. TD Cowen upped their price objective on Matador Resources from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Finally, KeyCorp dropped their price objective on shares of Matador Resources from $76.00 to $71.00 and set an “overweight” rating on the stock in a research note on Thursday, January 11th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.40.

Institutional Investors Weigh In On Matador Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. grew its position in shares of Matador Resources by 82.9% in the first quarter. Invesco Ltd. now owns 4,367,715 shares of the energy company’s stock valued at $231,403,000 after purchasing an additional 1,979,904 shares during the period. Goldman Sachs Group Inc. lifted its stake in Matador Resources by 51.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,013,942 shares of the energy company’s stock valued at $93,830,000 after buying an additional 685,220 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Matador Resources by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 12,422,915 shares of the energy company’s stock worth $658,165,000 after buying an additional 567,557 shares during the last quarter. Federated Hermes Inc. increased its stake in Matador Resources by 77.1% during the 1st quarter. Federated Hermes Inc. now owns 1,256,513 shares of the energy company’s stock worth $66,570,000 after buying an additional 546,871 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Matador Resources by 57.9% during the first quarter. First Trust Advisors LP now owns 1,219,791 shares of the energy company’s stock valued at $64,625,000 after acquiring an additional 447,266 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

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.