Matador Resources Company $MTDR Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its holdings in Matador Resources Company (NYSE:MTDR) by 5.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,270,011 shares of the energy company’s stock after buying an additional 62,656 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Matador Resources were worth $53,899,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MTDR. CIBC Bancorp USA Inc. acquired a new position in shares of Matador Resources in the 3rd quarter valued at about $61,615,000. Vaughan Nelson Investment Management L.P. lifted its position in Matador Resources by 64.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,100,805 shares of the energy company’s stock valued at $49,459,000 after purchasing an additional 431,010 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in Matador Resources by 488.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 477,218 shares of the energy company’s stock valued at $22,773,000 after purchasing an additional 396,129 shares during the last quarter. UBS Group AG lifted its position in Matador Resources by 94.6% in the 3rd quarter. UBS Group AG now owns 746,767 shares of the energy company’s stock valued at $33,552,000 after purchasing an additional 362,970 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Matador Resources by 30.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,302,587 shares of the energy company’s stock valued at $62,159,000 after purchasing an additional 305,352 shares during the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Matador Resources in a research report on Friday, January 9th. TD Cowen lifted their price objective on shares of Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, March 17th. BMO Capital Markets lifted their price objective on shares of Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Citigroup lifted their price objective on shares of Matador Resources from $62.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Finally, UBS Group lifted their price objective on shares of Matador Resources from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.92.

Matador Resources Stock Down 4.9%

MTDR stock opened at $57.35 on Wednesday. Matador Resources Company has a 52 week low of $37.14 and a 52 week high of $66.84. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 9.40 and a beta of 0.91. The firm’s 50-day moving average is $55.40 and its two-hundred day moving average is $46.92. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 0.57.

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

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Friday, February 27th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, February 27th. Matador Resources’s payout ratio is 24.59%.

About Matador Resources

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.