Wedge Capital Management L L P NC Has $3.31 Million Stake in Matador Resources Company $MTDR

Wedge Capital Management L L P NC raised its stake in Matador Resources Company (NYSE:MTDR) by 25.5% in the fourth quarter, Holdings Channel reports. The fund owned 78,035 shares of the energy company’s stock after purchasing an additional 15,859 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Matador Resources were worth $3,312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTDR. Kestra Investment Management LLC lifted its stake in Matador Resources by 225.2% in the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after purchasing an additional 358 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of Matador Resources by 5,927.3% during the third quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after buying an additional 652 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Matador Resources during the third quarter worth $35,000. Geneos Wealth Management Inc. increased its holdings in shares of Matador Resources by 361.3% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after buying an additional 690 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of Matador Resources in the 3rd quarter valued at $49,000. 91.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MTDR shares. Wells Fargo & Company raised their price objective on Matador Resources from $47.00 to $54.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. TD Cowen increased their target price on Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, March 17th. Mizuho boosted their price target on Matador Resources from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. BMO Capital Markets upped their price objective on Matador Resources from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Finally, UBS Group raised their price objective on shares of Matador Resources from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.29.

Matador Resources Price Performance

MTDR stock opened at $65.44 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 0.57. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 10.73 and a beta of 1.07. The company’s fifty day simple moving average is $51.08 and its 200 day simple moving average is $45.71. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $65.75.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.16. The firm had revenue of $847.99 million during the quarter, compared to the consensus estimate of $811.13 million. Matador Resources had a return on equity of 12.36% and a net margin of 20.54%.The business’s revenue was down 15.7% compared to the same quarter last year. During the same period last year, the business posted $1.83 EPS. On average, analysts expect that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th were paid a $0.375 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.50 annualized dividend and a dividend yield of 2.3%. Matador Resources’s dividend payout ratio (DPR) is presently 24.59%.

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.