Matador Resources (NYSE:MTDR) Shares Bought by Truist Financial Corp

Truist Financial Corp increased its holdings in shares of Matador Resources (NYSE:MTDR) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,261 shares of the energy company’s stock after buying an additional 874 shares during the period. Truist Financial Corp owned about 0.09% of Matador Resources worth $5,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust increased its position in shares of Matador Resources by 82.0% during the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Oakworth Capital Inc. purchased a new stake in shares of Matador Resources during the fourth quarter worth $31,000. Financial Management Professionals Inc. acquired a new stake in shares of Matador Resources in the fourth quarter valued at about $34,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Matador Resources in the fourth quarter worth about $35,000. Finally, GAMMA Investing LLC acquired a new position in Matador Resources during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Truist Financial increased their price target on shares of Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Mizuho upped their price objective on Matador Resources from $76.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. TD Cowen boosted their price objective on shares of Matador Resources from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.30.

Matador Resources Stock Up 1.9 %

Shares of Matador Resources stock opened at $63.28 on Friday. Matador Resources has a 52-week low of $42.04 and a 52-week high of $71.08. The company has a 50 day moving average of $65.80 and a 200 day moving average of $60.26. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. 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 (NYSE:MTDR) last released its quarterly earnings data on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.32. The business 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 revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.50 EPS. As a group, research analysts forecast that Matador Resources will post 7.57 EPS for the current fiscal year.

Matador Resources Announces Dividend

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

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.