Keybank National Association OH Trims Stock Holdings in Matador Resources (NYSE:MTDR)

Keybank National Association OH lowered its holdings in Matador Resources (NYSE:MTDR) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,761 shares of the energy company’s stock after selling 700 shares during the period. Keybank National Association OH’s holdings in Matador Resources were worth $718,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its holdings in Matador Resources by 2.7% in the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock valued at $136,009,000 after purchasing an additional 72,077 shares during the last quarter. Geode Capital Management LLC raised its stake in Matador Resources by 1.9% during the third quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock valued at $99,297,000 after buying an additional 36,921 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Matador Resources by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,491,570 shares of the energy company’s stock valued at $83,916,000 after buying an additional 56,644 shares in the last quarter. Wasatch Advisors LP raised its stake in Matador Resources by 4.3% during the third quarter. Wasatch Advisors LP now owns 1,287,587 shares of the energy company’s stock valued at $63,633,000 after buying an additional 52,498 shares in the last quarter. Finally, Copeland Capital Management LLC raised its stake in Matador Resources by 145.2% during the fourth quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company’s stock valued at $72,223,000 after buying an additional 760,122 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. TD Cowen upped their price objective on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Mizuho cut their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Wednesday, January 15th. Finally, Truist Financial increased their price target on Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.14.

Matador Resources Stock Up 1.1 %

MTDR opened at $45.27 on Friday. Matador Resources has a 12 month low of $43.89 and a 12 month high of $71.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The stock has a market cap of $5.67 billion, a P/E ratio of 6.34 and a beta of 3.17. The stock’s 50 day moving average price is $57.21 and its 200 day moving average price is $55.35.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. As a group, research analysts predict that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.3125 per share. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

Insider Buying and Selling at Matador Resources

In other news, EVP William Thomas Elsener purchased 800 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $56.60 per share, with a total value of $45,280.00. Following the purchase, the executive vice president now owns 102,964 shares in the company, valued at $5,827,762.40. This trade represents a 0.78 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Timothy E. Parker purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $44.67 per share, with a total value of $89,340.00. Following the completion of the purchase, the director now owns 83,790 shares in the company, valued at $3,742,899.30. This represents a 2.45 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 21,530 shares of company stock valued at $1,119,092. 6.10% of the stock is owned by corporate insiders.

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.