Matador Resources Company (MTDR) to Issue Quarterly Dividend of $0.38 on March 10th

Matador Resources Company (NYSE:MTDR) declared a quarterly dividend on Tuesday, February 17th. Shareholders of record on Friday, February 27th will be given a dividend of 0.375 per share by the energy company on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, February 27th.

Matador Resources has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Matador Resources to earn $8.62 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 17.4%.

Matador Resources Price Performance

NYSE:MTDR opened at $49.61 on Thursday. The stock has a 50 day moving average of $43.75 and a two-hundred day moving average of $44.26. Matador Resources has a 12 month low of $35.19 and a 12 month high of $59.22. The firm has a market cap of $6.17 billion, a P/E ratio of 7.93 and a beta of 1.14. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. MAI Capital Management raised its position in shares of Matador Resources by 13.9% in the second quarter. MAI Capital Management now owns 1,726 shares of the energy company’s stock worth $82,000 after buying an additional 210 shares in the last quarter. Beacon Pointe Advisors LLC increased its stake in Matador Resources by 4.3% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 5,281 shares of the energy company’s stock worth $252,000 after acquiring an additional 216 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Matador Resources by 4.5% in the 2nd quarter. ProShare Advisors LLC now owns 5,163 shares of the energy company’s stock valued at $246,000 after acquiring an additional 220 shares in the last quarter. Fiduciary Trust Co boosted its position in shares of Matador Resources by 2.2% during the 3rd quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company’s stock valued at $531,000 after acquiring an additional 253 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Matador Resources by 2.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,138 shares of the energy company’s stock worth $388,000 after purchasing an additional 254 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

About Matador Resources

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.