Peterson Wealth Services Invests $1.50 Million in Matador Resources (NYSE:MTDR)

Peterson Wealth Services bought a new position in Matador Resources (NYSE:MTDR) during the 4th quarter, HoldingsChannel reports. The fund bought 26,346 shares of the energy company’s stock, valued at approximately $1,498,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its position in Matador Resources by 82.0% during the third 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 during the period. Oakworth Capital Inc. purchased a new stake in Matador Resources during the fourth quarter valued at approximately $31,000. Financial Management Professionals Inc. purchased a new stake in Matador Resources during the fourth quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Matador Resources during the fourth quarter valued at approximately $35,000. Finally, Money Concepts Capital Corp increased its holdings in Matador Resources by 202.6% during the fourth quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock valued at $39,000 after buying an additional 462 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Roth Mkm reaffirmed a “buy” rating and set a $66.00 target price on shares of Matador Resources in a report on Monday, March 25th. KeyCorp reduced their price objective on shares of Matador Resources from $76.00 to $71.00 and set an “overweight” rating for the company in a research note on Thursday, January 11th. Raymond James reduced their price objective on shares of Matador Resources from $76.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, January 8th. StockNews.com raised shares of Matador Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, 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 Thursday, January 25th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and a consensus price target of $72.50.

Matador Resources Price Performance

MTDR traded down $0.04 during trading on Thursday, hitting $65.61. 303,519 shares of the company traded hands, compared to its average volume of 1,364,788. Matador Resources has a 1 year low of $42.04 and a 1 year high of $71.08. 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’s 50-day simple moving average is $64.34 and its two-hundred day simple moving average is $59.83. The company has a market cap of $7.84 billion, a PE ratio of 9.31 and a beta of 3.32.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.05). Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The business had revenue of $836.13 million for the quarter, compared to the consensus estimate of $842.96 million. During the same quarter last year, the business earned $2.08 EPS. Matador Resources’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Matador Resources will post 7.04 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, February 23rd were issued a $0.20 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.22%. Matador Resources’s dividend payout ratio (DPR) is presently 11.35%.

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.