Matador Resources (NYSE:MTDR) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Matador Resources (NYSE:MTDR) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,642 shares of the energy company’s stock after selling 3,174 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Matador Resources were worth $1,174,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Great Lakes Advisors LLC raised its position in shares of Matador Resources by 1.4% in the 3rd quarter. Great Lakes Advisors LLC now owns 13,851 shares of the energy company’s stock valued at $824,000 after purchasing an additional 196 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Matador Resources by 82.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Matador Resources by 3.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,964 shares of the energy company’s stock valued at $414,000 after purchasing an additional 201 shares in the last quarter. Huntington National Bank raised its position in shares of Matador Resources by 11.4% in the 3rd quarter. Huntington National Bank now owns 2,112 shares of the energy company’s stock valued at $126,000 after purchasing an additional 216 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Matador Resources by 18.3% during the 3rd quarter. Fifth Third Bancorp now owns 1,416 shares of the energy company’s stock valued at $84,000 after acquiring an additional 219 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MTDR shares. Wells Fargo & Company raised their price objective on Matador Resources from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Raymond James reduced 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. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research note on Tuesday, March 5th. StockNews.com upgraded Matador Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.30.

Matador Resources Stock Performance

MTDR stock opened at $65.60 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.98 and a current ratio of 0.89. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 8.99 and a beta of 3.32. Matador Resources has a 1 year low of $42.04 and a 1 year high of $71.08. The stock’s fifty day moving average is $65.38 and its two-hundred day moving average is $60.20.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results 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 company had revenue of $787.70 million for the quarter, compared to analyst estimates of $740.99 million. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period last year, the company earned $1.50 earnings per share. On average, research analysts predict that Matador Resources will post 7.3 EPS for the current year.

Matador Resources Dividend Announcement

The firm 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, May 16th. Matador Resources’s dividend payout ratio (DPR) is 10.96%.

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.