Federated Hermes Inc. Reduces Holdings in Matador Resources (NYSE:MTDR)

Federated Hermes Inc. decreased its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 255,767 shares of the energy company's stock after selling 163,953 shares during the quarter. Federated Hermes Inc. owned about 0.20% of Matador Resources worth $14,389,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. TCTC Holdings LLC lifted its position in shares of Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after buying an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock valued at $29,000 after buying an additional 207 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of Matador Resources by 3.1% in the 4th quarter. Atria Investments Inc now owns 8,188 shares of the energy company's stock valued at $461,000 after acquiring an additional 249 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after acquiring an additional 256 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Matador Resources by 0.8% during the fourth quarter. Arizona State Retirement System now owns 34,413 shares of the energy company's stock worth $1,936,000 after acquiring an additional 280 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

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Matador Resources Stock Performance

Shares of Matador Resources stock traded down $0.21 during trading on Tuesday, hitting $39.02. 402,656 shares of the company's stock were exchanged, compared to its average volume of 1,546,489. Matador Resources has a 52-week low of $35.19 and a 52-week high of $68.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 5.46 and a beta of 2.74. The business has a 50-day simple moving average of $49.60 and a 200-day simple moving average of $54.12.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The company had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. On average, research analysts forecast that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.3125 per share. This is a boost from Matador Resources's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.25 annualized dividend and a yield of 3.20%. Matador Resources's dividend payout ratio (DPR) is 17.51%.

Wall Street Analyst Weigh In

MTDR has been the topic of a number of analyst reports. Morgan Stanley cut their price objective on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Raymond James reduced their target price on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Stephens cut their price target on Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Finally, Wolfe Research raised shares of Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price objective on the stock in a report on Friday, January 3rd. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Matador Resources has a consensus rating of "Moderate Buy" and a consensus target price of $73.36.

Insider Activity at Matador Resources

In related news, Director Paul W. Harvey bought 600 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost of $55.20 per share, with a total value of $33,120.00. Following the transaction, the director now directly owns 27,917 shares of the company's stock, valued at approximately $1,541,018.40. This represents a 2.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Glenn W. Stetson purchased 1,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average price of $53.06 per share, for a total transaction of $53,060.00. Following the purchase, the executive vice president now directly owns 91,680 shares in the company, valued at $4,864,540.80. The trade was a 1.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 21,350 shares of company stock worth $1,100,769. Company insiders own 6.10% of the company's stock.

About Matador Resources

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.