Royce & Associates LP Acquires 19,363 Shares of Matador Resources Company $MTDR

Royce & Associates LP grew its holdings in Matador Resources Company (NYSE:MTDR) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 316,915 shares of the energy company’s stock after acquiring an additional 19,363 shares during the quarter. Royce & Associates LP’s holdings in Matador Resources were worth $13,450,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MTDR. Kestra Investment Management LLC boosted its position in shares of Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after acquiring an additional 358 shares during the period. Rothschild Investment LLC raised its stake in Matador Resources by 5,927.3% in the third quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock valued at $30,000 after purchasing an additional 652 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Matador Resources in the third quarter valued at about $35,000. Geneos Wealth Management Inc. raised its stake in Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after purchasing an additional 690 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Matador Resources in the third quarter valued at about $49,000. Institutional investors own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MTDR shares. Roth Mkm reaffirmed a “neutral” rating and issued a $65.00 price target (up from $52.00) on shares of Matador Resources in a research note on Wednesday, April 8th. Citigroup dropped their price target on Matador Resources from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday. UBS Group boosted their target price on Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Zacks Research downgraded Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, BMO Capital Markets boosted their target price on Matador Resources from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.08.

Matador Resources Stock Performance

Shares of MTDR stock opened at $52.50 on Thursday. The business’s 50 day simple moving average is $59.54 and its 200 day simple moving average is $50.28. Matador Resources Company has a one year low of $37.14 and a one year high of $66.84. The stock has a market capitalization of $6.52 billion, a PE ratio of 13.50 and a beta of 0.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business had revenue of $941.60 million for the quarter, compared to analysts’ expectations of $871.57 million. During the same period in the prior year, the business posted $1.99 earnings per share. The firm’s revenue was down 33.8% on a year-over-year basis. As a group, research analysts forecast that Matador Resources Company will post 7.36 earnings per share for the current year.

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be issued a $0.375 dividend. The ex-dividend date is Friday, May 8th. This represents a $1.50 annualized dividend and a yield of 2.9%. Matador Resources’s dividend payout ratio is presently 38.56%.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.