Oakworth Capital Inc. Purchases Shares of 539 Matador Resources (NYSE:MTDR)

Oakworth Capital Inc. bought a new position in shares of Matador Resources (NYSE:MTDR) in the 4th quarter, HoldingsChannel reports. The fund bought 539 shares of the energy company’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in Matador Resources by 82.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Matador Resources during the fourth quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. bought a new stake in Matador Resources during the fourth quarter worth $35,000. Money Concepts Capital Corp raised its position in Matador Resources by 202.6% in the 4th quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock valued at $39,000 after buying an additional 462 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in Matador Resources by 46.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock worth $42,000 after acquiring an additional 242 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MTDR shares. Raymond James dropped their price target on shares of Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, January 8th. Wells Fargo & Company boosted their target price on Matador Resources from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. KeyCorp dropped their price target on Matador Resources from $76.00 to $71.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.40.

Matador Resources Price Performance

Matador Resources stock opened at $64.73 on Friday. The business’s 50 day simple moving average is $64.52 and its 200 day simple moving average is $59.86. Matador Resources has a 12 month low of $42.04 and a 12 month high of $71.08. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 9.18 and a beta of 3.32. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.99 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 firm had revenue of $836.13 million for the quarter, compared to analysts’ expectations of $842.96 million. During the same period in the prior year, the company earned $2.08 EPS. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. Sell-side analysts forecast that Matador Resources will post 7.04 EPS for the current year.

Matador Resources Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.24%. Matador Resources’s payout ratio is 11.35%.

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.