Matador Resources (MTDR) Declares $0.15 Dividend
Matador Resources said on April 18, 2023 that its board of directors declared a regular quarterly dividend of $0.15 per share ($0.60 annualized). Previously, the company paid $0.15 per share.
Shares must be purchased before the ex-div date of May 10, 2023 to qualify for the dividend. Shareholders of record as of May 11, 2023 will receive the payment on June 1, 2023.
At the current share price of $50.83 / share, the stock's dividend yield is 1.18%. Looking back five years and taking a sample every week, the average dividend yield has been 3.19%, the lowest has been 0.23%, and the highest has been 34.29%. The standard deviation of yields is 4.56 (n=237).
The current dividend yield is 0.44 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.06. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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What is the Fund Sentiment?
There are 943 funds or institutions reporting positions in Matador Resources. This is an increase of 62 owner(s) or 7.04% in the last quarter. Average portfolio weight of all funds dedicated to MTDR is 0.38%, a decrease of 1.68%. Total shares owned by institutions increased in the last three months by 0.69% to 129,455K shares. 
The put/call ratio of MTDR is 0.50, indicating a bullish outlook.
Analyst Price Forecast Suggests 35.12% Upside
As of April 6, 2023, the average one-year price target for Matador Resources is $68.68. The forecasts range from a low of $57.57 to a high of $85.05. The average price target represents an increase of 35.12% from its latest reported closing price of $50.83.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Matador Resources is $3,131MM, an increase of 5.29%. The projected annual non-GAAP EPS is $9.68.
What are Other Shareholders Doing?
Baird Financial Group holds 60K shares representing 0.05% ownership of the company. In it's prior filing, the firm reported owning 35K shares, representing an increase of 41.25%. The firm decreased its portfolio allocation in MTDR by 99.82% over the last quarter.
TRANSAMERICA SERIES TRUST - Transamerica T. Rowe Price Small Cap VP Initial holds 58K shares representing 0.05% ownership of the company. In it's prior filing, the firm reported owning 55K shares, representing an increase of 4.53%. The firm increased its portfolio allocation in MTDR by 17.02% over the last quarter.
FAD - First Trust Multi Cap Growth AlphaDEX Fund holds 6K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 7K shares, representing a decrease of 7.17%. The firm decreased its portfolio allocation in MTDR by 11.76% over the last quarter.
BUL - Pacer US Cash Cows Growth ETF holds 4K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 3K shares, representing an increase of 33.87%. The firm decreased its portfolio allocation in MTDR by 22.46% over the last quarter.
Kornitzer Capital Management holds 109K shares representing 0.09% ownership of the company.
Matador Resources Background Information
(This description is provided by the company.)
Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.
This story originally appeared on Fintel.