Matador Resources (NYSE:MTDR) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its position in Matador Resources (NYSE:MTDR) by 17.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,990 shares of the energy company’s stock after selling 35,035 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.14% of Matador Resources worth $9,381,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its holdings in Matador Resources by 5.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,398 shares of the energy company’s stock valued at $763,000 after buying an additional 738 shares during the last quarter. US Bancorp DE increased its position in Matador Resources by 2.1% during the 1st quarter. US Bancorp DE now owns 11,991 shares of the energy company’s stock worth $635,000 after purchasing an additional 246 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Matador Resources by 28.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,155 shares of the energy company’s stock valued at $804,000 after purchasing an additional 3,373 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Matador Resources by 53.9% in the 1st quarter. MetLife Investment Management LLC now owns 59,058 shares of the energy company’s stock valued at $3,129,000 after acquiring an additional 20,684 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in Matador Resources in the 1st quarter valued at $214,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Stock Down 0.2 %

NYSE:MTDR traded down $0.13 during mid-day trading on Friday, hitting $64.61. The company had a trading volume of 1,494,783 shares, compared to its average volume of 1,717,335. The business has a fifty day simple moving average of $64.72 and a 200-day simple moving average of $59.91. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 9.17 and a beta of 3.32. Matador Resources has a 1 year low of $42.04 and a 1 year high of $71.08. 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 announced its 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). Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The company had revenue of $836.13 million for the quarter, compared to analysts’ expectations of $842.96 million. During the same quarter in the previous year, the business posted $2.08 earnings per share. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. Equities analysts forecast that Matador Resources will post 7.04 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, May 16th. Matador Resources’s payout ratio is 11.35%.

Analyst Ratings Changes

MTDR has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday. Truist Financial increased their price objective on shares of Matador Resources from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, April 5th. JPMorgan Chase & Co. boosted their target price on shares of Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. 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 research note on Monday, January 8th. Finally, Roth Mkm reiterated a “buy” rating and issued a $66.00 price target on shares of Matador Resources in a report on Monday, March 25th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Matador Resources currently has an average rating of “Moderate Buy” and a consensus price target of $73.40.

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.