Verdence Capital Advisors LLC Lowers Stake in Matador Resources (NYSE:MTDR)

Verdence Capital Advisors LLC reduced its holdings in shares of Matador Resources (NYSE:MTDR) by 12.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,111 shares of the energy company’s stock after selling 853 shares during the period. Verdence Capital Advisors LLC’s holdings in Matador Resources were worth $347,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of MTDR. AE Wealth Management LLC acquired a new stake in shares of Matador Resources in the 3rd quarter worth $297,000. SG Americas Securities LLC acquired a new stake in shares of Matador Resources in the 3rd quarter worth $2,626,000. Summit Global Investments acquired a new stake in shares of Matador Resources in the 3rd quarter worth $240,000. Simplicity Solutions LLC acquired a new stake in shares of Matador Resources in the 3rd quarter worth $236,000. Finally, Hunter Perkins Capital Management LLC lifted its stake in shares of Matador Resources by 41.9% in the third quarter. Hunter Perkins Capital Management LLC now owns 8,800 shares of the energy company’s stock valued at $523,000 after purchasing an additional 2,600 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Benchmark reduced their price objective on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. TD Cowen raised their price objective on shares of Matador Resources from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Mizuho raised their price objective on shares of Matador Resources from $67.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, KeyCorp raised their price objective on shares of Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $73.90.

Matador Resources Stock Performance

Shares of MTDR opened at $65.19 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. The stock has a market cap of $7.79 billion, a P/E ratio of 9.25 and a beta of 3.32. The company has a 50-day moving average of $65.07 and a two-hundred day moving average of $60.12. Matador Resources has a 12-month low of $42.04 and a 12-month high of $71.08.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.05). The business had revenue of $836.13 million for the quarter, compared to analyst estimates of $842.96 million. Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The business’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.08 EPS. As a group, research analysts predict that Matador Resources will post 7.17 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.23%. Matador Resources’s dividend payout ratio (DPR) is presently 11.35%.

About Matador Resources

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.