Wesbanco Bank Inc. lifted its stake in Matador Resources (NYSE:MTDR – Get Rating) by 108.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,286 shares of the energy company's stock after purchasing an additional 8,466 shares during the period. Wesbanco Bank Inc.'s holdings in Matador Resources were worth $759,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Private Ocean LLC purchased a new stake in Matador Resources during the 1st quarter worth about $27,000. Exchange Traded Concepts LLC purchased a new stake in Matador Resources during the 1st quarter worth about $31,000. Van ECK Associates Corp purchased a new stake in Matador Resources during the 1st quarter worth about $67,000. Archer Investment Corp purchased a new stake in Matador Resources during the 1st quarter worth about $74,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Matador Resources during the 1st quarter worth about $98,000. 88.32% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Stock Performance

Shares of MTDR stock opened at $45.41 on Tuesday. The stock has a market capitalization of $5.36 billion, a PE ratio of 5.21 and a beta of 3.64. Matador Resources has a 52-week low of $33.49 and a 52-week high of $67.78. The stock's 50-day moving average price is $56.49 and its 200 day moving average price is $54.27. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.48.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Wednesday, August 17th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.88%. The ex-dividend date was Tuesday, August 16th. This is a boost from Matador Resources's previous quarterly dividend of $0.05. Matador Resources's payout ratio is 4.59%.

Analyst Upgrades and Downgrades

MTDR has been the subject of a number of recent analyst reports. Raymond James decreased their price target on Matador Resources from $70.00 to $60.00 in a report on Monday. MKM Partners reiterated a "buy" rating and set a $68.00 target price on shares of Matador Resources in a research report on Wednesday, September 21st. Finally, KeyCorp initiated coverage on Matador Resources in a research report on Monday, September 19th. They set an "overweight" rating and a $72.00 target price on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Matador Resources presently has a consensus rating of "Moderate Buy" and an average target price of $62.22.

Matador Resources Profile

(Get Rating)

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.

Read More

• Get a free copy of the StockNews.com research report on Matador Resources (MTDR)
• MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
• MO Money: Why Altria Group Stock is Rallying
• Is the Market Overreacting with Shopify Stock?
• Fed Raises Rates: 3 Stocks to Watch Newmont Mining, Walmart, AMC
• Three Consumer Stocks That Could Outperform In Q4

Want to see what other hedge funds are holding MTDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Matador Resources (NYSE:MTDR – Get Rating).

Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.