Amarillo National Bank Cuts Stake in Matador Resources (NYSE:MTDR)

Amarillo National Bank decreased its holdings in Matador Resources (NYSE:MTDRGet Rating) by 1.7% in the second quarter, Holdings Channel.com reports. The firm owned 29,021 shares of the energy company’s stock after selling 500 shares during the period. Amarillo National Bank’s holdings in Matador Resources were worth $1,352,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MTDR. BlackRock Inc. raised its holdings in Matador Resources by 5.2% during the 1st quarter. BlackRock Inc. now owns 17,970,538 shares of the energy company’s stock valued at $952,080,000 after buying an additional 884,810 shares during the last quarter. Vanguard Group Inc. raised its holdings in Matador Resources by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 12,422,915 shares of the energy company’s stock worth $658,165,000 after purchasing an additional 567,557 shares in the last quarter. State Street Corp raised its holdings in Matador Resources by 7.0% in the 1st quarter. State Street Corp now owns 5,777,669 shares of the energy company’s stock worth $306,101,000 after purchasing an additional 377,853 shares in the last quarter. Invesco Ltd. raised its holdings in Matador Resources by 82.9% in the 1st quarter. Invesco Ltd. now owns 4,367,715 shares of the energy company’s stock worth $231,403,000 after purchasing an additional 1,979,904 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Matador Resources by 132.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,820,665 shares of the energy company’s stock worth $149,439,000 after purchasing an additional 1,608,468 shares in the last quarter. Hedge funds and other institutional investors own 88.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MTDR. KeyCorp began coverage on shares of Matador Resources in a report on Monday. They issued an “overweight” rating and a $72.00 price objective for the company. MKM Partners reiterated a “buy” rating and issued a $68.00 price target on shares of Matador Resources in a research note on Wednesday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and a consensus target price of $63.78.

Matador Resources Stock Performance

Shares of NYSE MTDR traded down $4.09 during trading on Friday, reaching $49.62. 70,253 shares of the company traded hands, compared to its average volume of 1,076,168. The firm has a 50 day simple moving average of $56.39 and a 200-day simple moving average of $54.33. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $5.86 billion, a PE ratio of 6.17 and a beta of 3.64. Matador Resources has a 52-week low of $32.26 and a 52-week high of $67.78.

Matador Resources (NYSE:MTDRGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The energy company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.31. The firm had revenue of $943.93 million for the quarter, compared to analysts’ expectations of $829.21 million. Matador Resources had a net margin of 40.86% and a return on equity of 43.58%. During the same quarter in the prior year, the business earned $1.02 EPS. Equities research analysts anticipate that Matador Resources will post 11.16 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Wednesday, August 17th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.81%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, August 16th. Matador Resources’s payout ratio is presently 4.59%.

Matador Resources Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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