InterOcean Capital Group LLC Sells 498,758 Shares of Matador Resources (NYSE:MTDR)

InterOcean Capital Group LLC decreased its stake in Matador Resources (NYSE:MTDRFree Report) by 61.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 307,400 shares of the energy company’s stock after selling 498,758 shares during the period. InterOcean Capital Group LLC owned about 0.26% of Matador Resources worth $17,479,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MTDR. Parkside Financial Bank & Trust grew its holdings in shares of Matador Resources by 82.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Oakworth Capital Inc. bought a new position in shares of Matador Resources during the 4th quarter valued at $31,000. Financial Management Professionals Inc. bought a new position in shares of Matador Resources during the 4th quarter valued at $34,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Matador Resources during the 4th quarter valued at $35,000. Finally, GAMMA Investing LLC bought a new position in shares of Matador Resources during the 4th quarter valued at $53,000. Institutional investors own 91.98% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. KeyCorp increased their price target on shares of Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. increased their price target on shares of Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Roth Mkm reissued a “buy” rating and set a $66.00 price target on shares of Matador Resources in a research report on Monday, March 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $74.80.

View Our Latest Report on MTDR

Matador Resources Trading Up 0.1 %

Shares of NYSE:MTDR traded up $0.09 on Tuesday, hitting $62.50. The company had a trading volume of 1,160,760 shares, compared to its average volume of 1,346,547. The firm’s 50-day simple moving average is $65.82 and its two-hundred day simple moving average is $60.30. Matador Resources has a 1 year low of $43.21 and a 1 year high of $71.08. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 8.55 and a beta of 3.33.

Matador Resources (NYSE:MTDRGet Free Report) last posted its earnings results on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.39 by $0.32. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The firm had revenue of $787.70 million during the quarter, compared to analysts’ expectations of $740.99 million. During the same period last year, the company posted $1.50 EPS. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. Equities analysts anticipate that Matador Resources will post 7.67 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.80 dividend on an annualized basis and a yield of 1.28%. Matador Resources’s dividend payout ratio (DPR) is currently 10.96%.

Matador Resources Profile

(Free Report)

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.

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

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