Simplicity Wealth LLC Takes Position in Matador Resources (NYSE:MTDR)

Simplicity Wealth LLC acquired a new stake in Matador Resources (NYSE:MTDR) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,984 shares of the energy company’s stock, valued at approximately $266,000.

Several other large investors have also modified their holdings of the company. Atria Wealth Solutions Inc. increased its position in Matador Resources by 5.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 3,880 shares of the energy company’s stock worth $221,000 after purchasing an additional 195 shares in the last quarter. Great Lakes Advisors LLC raised its position in shares of Matador Resources by 1.4% in the third quarter. Great Lakes Advisors LLC now owns 13,851 shares of the energy company’s stock valued at $824,000 after buying an additional 196 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Matador Resources by 82.0% during the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after buying an additional 200 shares during the period. Huntington National Bank boosted its position in Matador Resources by 11.4% during the third quarter. Huntington National Bank now owns 2,112 shares of the energy company’s stock worth $126,000 after acquiring an additional 216 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in Matador Resources by 18.3% in the 3rd quarter. Fifth Third Bancorp now owns 1,416 shares of the energy company’s stock worth $84,000 after acquiring an additional 219 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MTDR. StockNews.com raised Matador Resources from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Roth Mkm restated a “buy” rating and issued a $66.00 price target on shares of Matador Resources in a report on Monday, March 25th. Mizuho lifted their price target on Matador Resources from $78.00 to $83.00 and gave the company a “buy” rating in a report on Monday, May 13th. Wells Fargo & Company lifted their price target on Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Finally, Benchmark lowered their price target on Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. One equities research 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 an average rating of “Moderate Buy” and a consensus target price of $74.80.

Matador Resources Trading Down 0.9 %

Shares of NYSE:MTDR traded down $0.57 during trading on Thursday, reaching $60.06. 960,730 shares of the stock were exchanged, compared to its average volume of 1,342,552. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 0.89. Matador Resources has a 12-month low of $43.21 and a 12-month high of $71.08. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 8.19 and a beta of 3.33. The firm’s 50-day moving average price is $65.65 and its 200 day moving average price is $60.30.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.39 by $0.32. The firm had revenue of $787.70 million for the quarter, compared to analyst estimates of $740.99 million. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. Matador Resources’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 EPS. On average, sell-side analysts anticipate that Matador Resources will post 7.67 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

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.