Matador Resources (NYSE:MTDR) Position Trimmed by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC decreased its holdings in shares of Matador Resources (NYSE:MTDR) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,111 shares of the energy company’s stock after selling 853 shares during the period. Verdence Capital Advisors LLC’s holdings in Matador Resources were worth $347,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Knights of Columbus Asset Advisors LLC grew its position in shares of Matador Resources by 379.1% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 185,340 shares of the energy company’s stock worth $10,538,000 after acquiring an additional 146,659 shares during the last quarter. Peterson Wealth Services bought a new position in shares of Matador Resources during the fourth quarter worth about $1,498,000. Oakworth Capital Inc. bought a new position in shares of Matador Resources during the fourth quarter worth about $31,000. SVB Wealth LLC grew its position in shares of Matador Resources by 5.8% during the fourth quarter. SVB Wealth LLC now owns 6,577 shares of the energy company’s stock worth $374,000 after acquiring an additional 361 shares during the last quarter. Finally, Private Client Services LLC bought a new position in shares of Matador Resources during the fourth quarter worth about $645,000. Institutional investors own 91.98% of the company’s stock.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $65.19 on Wednesday. Matador Resources has a twelve month low of $42.04 and a twelve month high of $71.08. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 9.25 and a beta of 3.32. The firm has a 50-day moving average of $65.07 and a two-hundred day moving average of $60.12.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share 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 business had revenue of $836.13 million during the quarter, compared to analyst estimates of $842.96 million. During the same period in the previous year, the company posted $2.08 earnings per share. Matador Resources’s revenue was up 18.2% compared to the same quarter last year. As a group, analysts expect that Matador Resources will post 7.17 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources’s payout ratio is 11.35%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MTDR shares. Mizuho upped their price target on shares of Matador Resources from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Benchmark lowered their price target on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday. KeyCorp increased their target price on shares of Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research report on Tuesday, March 5th. Finally, Roth Mkm reiterated a “buy” rating and issued a $66.00 target price on shares of Matador Resources in a research report on Monday, March 25th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.90.

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.