Wedge Capital Management L L P NC Acquires 15,859 Shares of Matador Resources Company $MTDR

Wedge Capital Management L L P NC raised its holdings in shares of Matador Resources Company (NYSE:MTDR) by 25.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 78,035 shares of the energy company’s stock after acquiring an additional 15,859 shares during the period. Wedge Capital Management L L P NC owned approximately 0.06% of Matador Resources worth $3,312,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Beacon Pointe Advisors LLC increased its holdings in shares of Matador Resources by 4.3% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 5,281 shares of the energy company’s stock worth $252,000 after acquiring an additional 216 shares during the last quarter. Fiduciary Trust Co boosted its position in Matador Resources by 2.2% during the third quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company’s stock worth $531,000 after purchasing an additional 253 shares during the period. Sivia Capital Partners LLC boosted its position in Matador Resources by 5.4% during the third quarter. Sivia Capital Partners LLC now owns 5,625 shares of the energy company’s stock worth $253,000 after purchasing an additional 290 shares during the period. Hancock Whitney Corp increased its holdings in shares of Matador Resources by 0.5% in the third quarter. Hancock Whitney Corp now owns 60,150 shares of the energy company’s stock valued at $2,703,000 after purchasing an additional 315 shares during the last quarter. Finally, Kestra Investment Management LLC increased its holdings in shares of Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after purchasing an additional 358 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Trading Down 0.0%

MTDR opened at $65.44 on Monday. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 10.73 and a beta of 1.07. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 0.57. Matador Resources Company has a twelve month low of $35.19 and a twelve month high of $65.75. The company has a 50-day simple moving average of $51.08 and a 200 day simple moving average of $45.71.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.16. The company had revenue of $847.99 million during the quarter, compared to the consensus estimate of $811.13 million. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The firm’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 EPS. Analysts predict that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Friday, February 27th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, February 27th. Matador Resources’s dividend payout ratio (DPR) is currently 24.59%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MTDR. TD Cowen raised their target price on shares of Matador Resources from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, March 17th. Mizuho increased their price target on shares of Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, December 12th. KeyCorp restated an “overweight” rating on shares of Matador Resources in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Matador Resources in a research report on Friday, January 9th. Finally, Wells Fargo & Company increased their target price on Matador Resources from $47.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and an average price target of $60.29.

Matador Resources Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.