Knights of Columbus Asset Advisors LLC Purchases 146,659 Shares of Matador Resources (NYSE:MTDR)

Knights of Columbus Asset Advisors LLC grew its position in Matador Resources (NYSE:MTDR) by 379.1% in the fourth quarter, Holdings Channel reports. The fund owned 185,340 shares of the energy company’s stock after acquiring an additional 146,659 shares during the quarter. Matador Resources accounts for 0.7% of Knights of Columbus Asset Advisors LLC’s portfolio, making the stock its 19th largest holding. Knights of Columbus Asset Advisors LLC’s holdings in Matador Resources were worth $10,538,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MTDR. Peterson Wealth Services bought a new position in Matador Resources during the 4th quarter worth $1,498,000. Oakworth Capital Inc. bought a new position in Matador Resources during the 4th quarter worth $31,000. SVB Wealth LLC raised its position in Matador Resources by 5.8% during the 4th quarter. SVB Wealth LLC now owns 6,577 shares of the energy company’s stock worth $374,000 after purchasing an additional 361 shares during the last quarter. Private Client Services LLC bought a new position in Matador Resources during the 4th quarter worth $645,000. Finally, Louisiana State Employees Retirement System bought a new position in Matador Resources during the 4th quarter worth $1,768,000. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Down 0.2 %

Shares of MTDR traded down $0.16 during trading hours on Friday, hitting $64.58. The stock had a trading volume of 644,277 shares, compared to its average volume of 1,373,547. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $64.52 and a 200-day simple moving average of $59.86. The firm has a market capitalization of $7.72 billion, a P/E ratio of 9.18 and a beta of 3.32. Matador Resources has a 1-year low of $42.04 and a 1-year high of $71.08.

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

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. Matador Resources’s dividend payout ratio is presently 11.35%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Raymond James lowered their target price on Matador Resources from $76.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, January 8th. JPMorgan Chase & Co. raised their target price on Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Roth Mkm reaffirmed a “buy” rating and set a $66.00 target price on shares of Matador Resources in a research report on Monday, March 25th. KeyCorp lowered their price objective on Matador Resources from $76.00 to $71.00 and set an “overweight” rating for the company in a research report on Thursday, January 11th. Finally, Mizuho lifted their price objective on Matador Resources from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.40.

Matador Resources 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.