Raymond James Financial Services Advisors Inc. Raises Stock Holdings in Matador Resources (NYSE:MTDR)

Raymond James Financial Services Advisors Inc. grew its stake in Matador Resources (NYSE:MTDR) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,601 shares of the energy company’s stock after acquiring an additional 1,224 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Matador Resources were worth $716,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its position in shares of Matador Resources by 82.0% in the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Matador Resources in the fourth quarter valued at $34,000. Money Concepts Capital Corp lifted its position in shares of Matador Resources by 202.6% in the fourth quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock valued at $39,000 after acquiring an additional 462 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Matador Resources by 46.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock worth $42,000 after buying an additional 242 shares during the period. Finally, State of Wyoming lifted its position in Matador Resources by 35.1% during the second quarter. State of Wyoming now owns 1,436 shares of the energy company’s stock worth $75,000 after buying an additional 373 shares during the period. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Stock Performance

Shares of NYSE:MTDR opened at $66.96 on Wednesday. The firm has a market capitalization of $8.00 billion, a PE ratio of 9.50 and a beta of 3.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.98. The business has a 50-day moving average of $64.11 and a two-hundred day moving average of $59.78. Matador Resources has a 12 month low of $42.04 and a 12 month high of $71.08.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.05). Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The company had revenue of $836.13 million during the quarter, compared to analyst estimates of $842.96 million. During the same quarter last year, the business posted $2.08 EPS. Matador Resources’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, research analysts forecast that Matador Resources will post 6.87 earnings per share for the current year.

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, February 23rd were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.19%. Matador Resources’s dividend payout ratio (DPR) is currently 11.35%.

Analyst Ratings Changes

Several research firms recently weighed in on MTDR. Benchmark reduced their target price on Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. TD Cowen increased their target price on Matador Resources from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. KeyCorp reduced their target price on Matador Resources from $76.00 to $71.00 and set an “overweight” rating on the stock in a research report on Thursday, January 11th. JPMorgan Chase & Co. increased their target price on Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, StockNews.com upgraded Matador Resources from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and an average price target of $72.50.

Matador Resources Profile

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.