TimesSquare Capital Management LLC Sells 10,225 Shares of Matador Resources Company $MTDR

TimesSquare Capital Management LLC cut its stake in shares of Matador Resources Company (NYSE:MTDR) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 383,007 shares of the energy company’s stock after selling 10,225 shares during the period. TimesSquare Capital Management LLC owned about 0.31% of Matador Resources worth $16,255,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Kestra Investment Management LLC lifted its stake in Matador Resources by 225.2% during the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after acquiring an additional 358 shares in the last quarter. Rothschild Investment LLC lifted its stake in Matador Resources by 5,927.3% during the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock valued at $30,000 after acquiring an additional 652 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Matador Resources during the 3rd quarter valued at $35,000. Geneos Wealth Management Inc. lifted its stake in Matador Resources by 361.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after acquiring an additional 690 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Matador Resources during the 3rd quarter valued at $49,000. 91.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. TD Cowen raised their price objective on Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th. Mizuho dropped their price objective on Matador Resources from $76.00 to $74.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Zacks Research upgraded Matador Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Citigroup lifted their target price on Matador Resources from $62.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Finally, Wells Fargo & Company lifted their target price on Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.46.

Matador Resources Trading Up 1.5%

NYSE MTDR opened at $61.73 on Wednesday. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 15.87 and a beta of 0.81. Matador Resources Company has a one year low of $37.14 and a one year high of $66.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70. The business’s fifty day moving average is $59.56 and its 200-day moving average is $49.55.

Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.29. The company had revenue of $941.60 million for the quarter, compared to analysts’ expectations of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.99 EPS. Equities research analysts predict that Matador Resources Company will post 7.42 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, May 8th. Matador Resources’s payout ratio is presently 38.56%.

About Matador Resources

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.