Horizon Investments LLC Has $79,000 Stock Position in Matador Resources Company $MTDR

Horizon Investments LLC lowered its stake in Matador Resources Company (NYSE:MTDR) by 95.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,854 shares of the energy company’s stock after selling 37,567 shares during the period. Horizon Investments LLC’s holdings in Matador Resources were worth $79,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fiduciary Trust Co boosted its position in Matador Resources by 2.2% in the third quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company’s stock valued at $531,000 after buying an additional 253 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Matador Resources by 3.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,233 shares of the energy company’s stock valued at $349,000 after buying an additional 278 shares in the last quarter. Hancock Whitney Corp boosted its position in Matador Resources by 0.5% in the third quarter. Hancock Whitney Corp now owns 60,150 shares of the energy company’s stock valued at $2,703,000 after buying an additional 315 shares in the last quarter. Kestra Investment Management LLC boosted its position in Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after buying an additional 358 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Matador Resources by 29.9% in the third quarter. Jones Financial Companies Lllp now owns 1,715 shares of the energy company’s stock valued at $80,000 after buying an additional 395 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Price Performance

MTDR stock opened at $55.22 on Monday. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.73 and a beta of 0.81. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. Matador Resources Company has a 12-month low of $37.14 and a 12-month high of $66.84. The company’s fifty day simple moving average is $58.70 and its 200 day simple moving average is $48.56.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.29. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The firm had revenue of $941.60 million during the quarter, compared to the consensus estimate 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. On average, analysts expect that Matador Resources Company will post 7.25 earnings per share for the current year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 8th. Matador Resources’s payout ratio is 38.56%.

Analysts Set New Price Targets

MTDR has been the topic of a number of research analyst reports. BMO Capital Markets raised their target price 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. Zacks Research upgraded shares of Matador Resources from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Citigroup raised their target price 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. Morgan Stanley cut their price target on shares of Matador Resources from $56.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. Finally, Roth Mkm reiterated a “neutral” rating and set a $65.00 price target (up from $52.00) on shares of Matador Resources in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $62.92.

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.