William Blair Investment Management LLC Lowers Stock Position in Matador Resources Company $MTDR

William Blair Investment Management LLC trimmed its position in shares of Matador Resources Company (NYSE:MTDR) by 9.5% during the fourth quarter, Holdings Channel reports. The firm owned 416,308 shares of the energy company’s stock after selling 43,598 shares during the quarter. William Blair Investment Management LLC’s holdings in Matador Resources were worth $17,668,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Matador Resources by 0.7% during the third quarter. Vanguard Group Inc. now owns 14,780,888 shares of the energy company’s stock worth $664,105,000 after purchasing an additional 101,613 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Matador Resources by 4.2% during the third quarter. Dimensional Fund Advisors LP now owns 6,411,520 shares of the energy company’s stock worth $288,079,000 after purchasing an additional 259,299 shares in the last quarter. LSV Asset Management lifted its stake in Matador Resources by 8.8% during the fourth quarter. LSV Asset Management now owns 3,842,011 shares of the energy company’s stock worth $163,055,000 after purchasing an additional 309,708 shares in the last quarter. Wellington Management Group LLP lifted its stake in Matador Resources by 6.7% during the third quarter. Wellington Management Group LLP now owns 2,064,037 shares of the energy company’s stock worth $92,737,000 after purchasing an additional 129,863 shares in the last quarter. Finally, Copeland Capital Management LLC lifted its stake in Matador Resources by 19.6% during the fourth quarter. Copeland Capital Management LLC now owns 1,426,505 shares of the energy company’s stock worth $60,541,000 after purchasing an additional 233,423 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Trading Down 0.0%

Shares of MTDR stock opened at $56.62 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.70 and a current ratio of 0.73. The stock has a market capitalization of $7.03 billion, a P/E ratio of 14.56 and a beta of 0.81. The company has a 50 day moving average price of $59.68 and a 200 day moving average price of $50.06. Matador Resources Company has a fifty-two week low of $37.14 and a fifty-two week high of $66.84.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. The firm had revenue of $941.60 million during the quarter, compared to analysts’ expectations of $871.57 million. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The business’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.99 earnings per share. Equities research analysts predict that Matador Resources Company will post 7.36 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 5th. Investors of record on Friday, May 8th will be paid a $0.375 dividend. The ex-dividend date is Friday, May 8th. This represents a $1.50 dividend on an annualized basis and a yield of 2.6%. Matador Resources’s payout ratio is currently 38.56%.

Analyst Ratings Changes

Several analysts have recently issued reports on MTDR shares. Truist Financial raised shares of Matador Resources from a “hold” rating to a “buy” rating and increased their price target for the stock from $60.00 to $67.00 in a research report on Tuesday, May 12th. Wells Fargo & Company lifted their price objective on shares of Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Roth Mkm restated a “neutral” rating and issued a $65.00 price objective (up from $52.00) on shares of Matador Resources in a report on Wednesday, April 8th. Morgan Stanley lifted their price objective on shares of Matador Resources from $73.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday. Finally, UBS Group lifted their price objective on shares of Matador Resources from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.23.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.