Comerica Bank Sells 8,074 Shares of Matador Resources (NYSE:MTDR)

Comerica Bank cut its stake in shares of Matador Resources (NYSE:MTDR) by 7.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,799 shares of the energy company’s stock after selling 8,074 shares during the period. Comerica Bank owned about 0.09% of Matador Resources worth $2,639,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTDR. IFP Advisors Inc purchased a new stake in Matador Resources during the 2nd quarter valued at $29,000. FMR LLC purchased a new stake in Matador Resources during the 2nd quarter valued at $30,000. Marshall Wace LLP purchased a new stake in Matador Resources during the 1st quarter valued at $74,000. Catalyst Capital Advisors LLC purchased a new stake in Matador Resources during the 2nd quarter valued at $79,000. Finally, William Blair Investment Management LLC purchased a new stake in shares of Matador Resources in the 2nd quarter worth $154,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Several equities research analysts have recently commented on the company. Truist Securities upped their price objective on Matador Resources from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, October 7th. Capital One Financial lowered Matador Resources from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $46.00 to $44.00 in a research note on Thursday, October 28th. Truist upped their price objective on Matador Resources from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, October 7th. Raymond James upped their price objective on Matador Resources from $40.00 to $57.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 26th. Finally, Zacks Investment Research lowered Matador Resources from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a research note on Thursday, October 21st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $44.00.

Shares of MTDR stock opened at $44.47 on Thursday. Matador Resources has a 52-week low of $10.16 and a 52-week high of $47.23. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 0.84. The firm has a market capitalization of $5.22 billion, a PE ratio of 18.74 and a beta of 4.42. The stock has a fifty day simple moving average of $40.58 and a two-hundred day simple moving average of $34.30.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Monday, October 25th. The energy company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.02 by $0.23. Matador Resources had a net margin of 21.25% and a return on equity of 23.09%. The business had revenue of $461.47 million during the quarter, compared to the consensus estimate of $378.33 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s revenue was up 144.0% on a year-over-year basis. On average, sell-side analysts forecast that Matador Resources will post 4.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 1st. Shareholders of record on Wednesday, November 10th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Tuesday, November 9th. This is an increase from Matador Resources’s previous quarterly dividend of $0.03. Matador Resources’s dividend payout ratio is 8.55%.

Matador Resources Profile

Matador Resources Co is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring.

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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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