Toroso Investments LLC grew its position in Matador Resources (NYSE:MTDR – Free Report) by 32.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,751 shares of the energy company’s stock after buying an additional 8,767 shares during the quarter. Toroso Investments LLC’s holdings in Matador Resources were worth $1,704,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in MTDR. Shaker Investments LLC OH raised its position in Matador Resources by 1.1% during the fourth quarter. Shaker Investments LLC OH now owns 16,190 shares of the energy company’s stock valued at $927,000 after purchasing an additional 182 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its position in shares of Matador Resources by 2.9% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,910 shares of the energy company’s stock worth $396,000 after buying an additional 197 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of 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 buying an additional 242 shares during the last quarter. US Bancorp DE boosted its stake in Matador Resources by 2.1% in the first quarter. US Bancorp DE now owns 11,991 shares of the energy company’s stock valued at $635,000 after buying an additional 246 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in Matador Resources by 3.5% in the first quarter. Evergreen Capital Management LLC now owns 8,189 shares of the energy company’s stock valued at $434,000 after acquiring an additional 276 shares during the last quarter. Institutional investors own 87.23% of the company’s stock.
Matador Resources Trading Down 2.1 %
NYSE MTDR opened at $61.56 on Friday. The firm has a market capitalization of $7.33 billion, a PE ratio of 8.04 and a beta of 3.53. The business’s 50-day moving average price is $58.72 and its two-hundred day moving average price is $52.25. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61. Matador Resources has a 12 month low of $42.04 and a 12 month high of $73.78.
Matador Resources Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Thursday, August 10th. Matador Resources’s dividend payout ratio is presently 7.83%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Mizuho raised shares of Matador Resources from a “neutral” rating to a “buy” rating and increased their target price for the stock from $66.00 to $78.00 in a report on Wednesday, August 16th. KeyCorp boosted their target price on shares of Matador Resources from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, July 27th. Raymond James increased their price target on Matador Resources from $61.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. Truist Financial raised their price objective on Matador Resources from $70.00 to $76.00 in a report on Thursday, July 27th. Finally, StockNews.com assumed coverage on Matador Resources in a report on Thursday, August 17th. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.89.
View Our Latest Stock Report on MTDR
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.
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