Fisher Asset Management LLC Buys 12,728 Shares of Matador Resources Company $MTDR

Fisher Asset Management LLC increased its stake in Matador Resources Company (NYSE:MTDR) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 691,249 shares of the energy company’s stock after purchasing an additional 12,728 shares during the quarter. Fisher Asset Management LLC owned approximately 0.56% of Matador Resources worth $29,337,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MTDR. Harbor Capital Advisors Inc. raised its holdings in Matador Resources by 184.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 30,836 shares of the energy company’s stock valued at $1,309,000 after acquiring an additional 20,011 shares during the period. Thrivent Financial for Lutherans raised its holdings in Matador Resources by 3.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,032,602 shares of the energy company’s stock valued at $46,395,000 after acquiring an additional 37,889 shares during the period. CIBC Bancorp USA Inc. bought a new stake in Matador Resources during the third quarter valued at about $61,615,000. Neo Ivy Capital Management bought a new stake in Matador Resources during the third quarter valued at about $871,000. Finally, Wedge Capital Management L L P NC raised its holdings in Matador Resources by 25.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 78,035 shares of the energy company’s stock valued at $3,312,000 after acquiring an additional 15,859 shares during the period. 91.98% of the stock is owned by institutional investors.

Matador Resources Trading Down 5.0%

Shares of MTDR stock opened at $53.78 on Wednesday. Matador Resources Company has a 12-month low of $37.14 and a 12-month high of $66.84. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. The stock’s 50-day moving average price is $59.61 and its 200-day moving average price is $50.18. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 13.83 and a beta of 0.81.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The firm had revenue of $941.60 million for the quarter, compared to analysts’ expectations of $871.57 million. During the same period in the previous year, the firm posted $1.99 earnings per share. The business’s revenue was down 33.8% compared to the same quarter last year. Equities research analysts predict that Matador Resources Company will post 7.36 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 8th. Matador Resources’s payout ratio is presently 38.56%.

Analyst Ratings Changes

MTDR has been the topic of a number of recent analyst reports. TD Cowen raised their price target on Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 17th. BMO Capital Markets raised their price target on Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Mizuho decreased their price target on Matador Resources from $76.00 to $74.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. KeyCorp raised their price target on Matador Resources from $61.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Finally, Weiss Ratings cut Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $64.85.

Matador Resources Company 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.