Retirement Systems of Alabama Acquires 411 Shares of Matador Resources (NYSE:MTDR)

Retirement Systems of Alabama grew its holdings in Matador Resources (NYSE:MTDR) by 0.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 138,766 shares of the energy company’s stock after acquiring an additional 411 shares during the period. Retirement Systems of Alabama’s holdings in Matador Resources were worth $7,890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atria Wealth Solutions Inc. lifted its stake in Matador Resources by 5.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 3,880 shares of the energy company’s stock worth $221,000 after purchasing an additional 195 shares during the period. Great Lakes Advisors LLC raised its holdings in shares of Matador Resources by 1.4% in the 3rd quarter. Great Lakes Advisors LLC now owns 13,851 shares of the energy company’s stock worth $824,000 after buying an additional 196 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Matador Resources by 82.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after buying an additional 200 shares during the period. Verdence Capital Advisors LLC boosted its stake in Matador Resources by 3.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,964 shares of the energy company’s stock valued at $414,000 after buying an additional 201 shares in the last quarter. Finally, Huntington National Bank grew its position in Matador Resources by 11.4% in the third quarter. Huntington National Bank now owns 2,112 shares of the energy company’s stock valued at $126,000 after acquiring an additional 216 shares during the period. 91.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MTDR has been the topic of several research analyst reports. StockNews.com raised shares of Matador Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Roth Mkm reiterated a “buy” rating and issued a $66.00 price objective on shares of Matador Resources in a research report on Monday, March 25th. Mizuho increased their price objective on Matador Resources from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research note on Tuesday, March 5th. Finally, Raymond James reduced their target price on Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, January 8th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $74.30.

Matador Resources Stock Performance

Matador Resources stock opened at $63.28 on Friday. The business has a 50 day moving average of $65.80 and a 200-day moving average of $60.29. The company has a market capitalization of $7.90 billion, a P/E ratio of 8.67 and a beta of 3.33. Matador Resources has a 1 year low of $42.04 and a 1 year high of $71.08. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.89 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.39 by $0.32. The firm had revenue of $787.70 million for the quarter, compared to the consensus estimate of $740.99 million. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The business’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 EPS. On average, equities research analysts predict that Matador Resources will post 7.57 earnings per share for the current year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources’s dividend payout ratio is presently 10.96%.

Matador Resources Company 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.