Matador Resources Announces Quarterly Dividend of $0.20 (NYSE:MTDR)

Matador Resources (NYSE:MTDR) announced a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.20 per share by the energy company on Friday, June 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, May 16th.

Matador Resources Trading Down 0.6 %

Shares of MTDR stock opened at $64.35 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.98 and a current ratio of 1.04. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 9.18 and a beta of 3.32. Matador Resources has a 52-week low of $42.04 and a 52-week high of $71.08. The company has a 50-day simple moving average of $64.52 and a two-hundred day simple moving average of $59.86.

Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.05). The business had revenue of $836.13 million during the quarter, compared to the consensus estimate of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.08 earnings per share. Research analysts anticipate that Matador Resources will post 7.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MTDR shares. Mizuho raised their target price on Matador Resources from $67.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Company lifted their price objective on shares of Matador Resources from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday. KeyCorp dropped their target price on shares of Matador Resources from $76.00 to $71.00 and set an “overweight” rating on the stock in a research note on Thursday, January 11th. Benchmark decreased 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 note on Thursday, January 25th. Finally, Raymond James dropped their price objective on Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, January 8th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $73.40.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Money Concepts Capital Corp lifted its position in shares of Matador Resources by 202.6% during the fourth quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock worth $39,000 after acquiring an additional 462 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake 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 valued at $42,000 after purchasing an additional 242 shares during the period. State of Wyoming lifted its holdings in Matador Resources by 35.1% during the 2nd quarter. State of Wyoming now owns 1,436 shares of the energy company’s stock worth $75,000 after purchasing an additional 373 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Matador Resources by 5,584.6% in the 4th quarter. International Assets Investment Management LLC now owns 1,478 shares of the energy company’s stock worth $84,000 after purchasing an additional 1,452 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in Matador Resources during the 3rd quarter valued at about $89,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

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.