Copeland Capital Management LLC Decreases Stock Position in Matador Resources (NYSE:MTDR)

Copeland Capital Management LLC lowered its stake in Matador Resources (NYSE:MTDR) by 5.0% during the 4th quarter, Holdings Channel reports. The firm owned 503,916 shares of the energy company’s stock after selling 26,706 shares during the quarter. Copeland Capital Management LLC’s holdings in Matador Resources were worth $28,653,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MTDR. Parkside Financial Bank & Trust lifted its stake in Matador Resources by 82.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Matador Resources in the 4th quarter worth about $34,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Matador Resources in the 4th quarter worth about $35,000. Money Concepts Capital Corp increased its holdings in shares of Matador Resources by 202.6% in the 4th quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock worth $39,000 after buying an additional 462 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Matador Resources by 46.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock worth $42,000 after buying an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MTDR shares. Benchmark reduced their target price on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a report on Tuesday, March 5th. StockNews.com upgraded shares of Matador Resources from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. KeyCorp reduced their target price on shares of Matador Resources from $76.00 to $71.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. Finally, Raymond James cut their price target on shares of Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, January 8th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.30.

Matador Resources Stock Performance

Shares of NYSE:MTDR opened at $66.77 on Friday. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 9.47 and a beta of 3.33. Matador Resources has a 12 month low of $42.04 and a 12 month high of $69.40. The firm’s 50-day moving average is $60.73 and its 200 day moving average is $59.07. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53.

Matador Resources (NYSE:MTDR) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.08 earnings per share. Research analysts predict that Matador Resources will post 6.72 EPS for the current year.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, February 23rd were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.80 annualized dividend and a yield of 1.20%. Matador Resources’s dividend payout ratio (DPR) is 11.35%.

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.