Matador Resources (NYSE:MTDR) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its stake in Matador Resources (NYSE:MTDR) by 277.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,269 shares of the energy company’s stock after acquiring an additional 11,225 shares during the quarter. Cerity Partners LLC’s holdings in Matador Resources were worth $868,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. William Blair Investment Management LLC acquired a new position in Matador Resources in the 3rd quarter valued at about $33,720,000. First Dallas Securities Inc. grew its holdings in shares of Matador Resources by 4,501.7% in the third quarter. First Dallas Securities Inc. now owns 387,003 shares of the energy company’s stock valued at $23,019,000 after purchasing an additional 378,593 shares in the last quarter. Victory Capital Management Inc. increased its stake in Matador Resources by 13.0% during the 3rd quarter. Victory Capital Management Inc. now owns 3,228,290 shares of the energy company’s stock worth $192,019,000 after buying an additional 372,528 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Matador Resources during the 3rd quarter worth approximately $19,471,000. Finally, Wellington Management Group LLP boosted its position in Matador Resources by 68.7% in the 3rd quarter. Wellington Management Group LLP now owns 735,769 shares of the energy company’s stock valued at $43,764,000 after buying an additional 299,708 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MTDR shares. Truist Financial upped their price objective on Matador Resources from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Wells Fargo & Company boosted their price objective on Matador Resources from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. TD Cowen raised their target price on shares of Matador Resources from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Benchmark lowered their price target on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Finally, Raymond James decreased their price objective on shares of Matador Resources from $76.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, January 8th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.90.

Matador Resources Trading Up 0.2 %

NYSE MTDR opened at $64.71 on Tuesday. Matador Resources has a 12 month low of $42.04 and a 12 month high of $71.08. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 9.18 and a beta of 3.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.98. The firm’s fifty day moving average price is $64.89 and its 200 day moving average price is $60.05.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.05). The firm had revenue of $836.13 million for the quarter, compared to analyst estimates of $842.96 million. Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.08 EPS. On average, sell-side analysts expect that Matador Resources will post 7.14 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

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

Matador Resources Company Profile

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.