Concurrent Investment Advisors LLC Purchases 8,973 Shares of Matador Resources Company $MTDR

Concurrent Investment Advisors LLC raised its position in shares of Matador Resources Company (NYSE:MTDR) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,794 shares of the energy company’s stock after acquiring an additional 8,973 shares during the period. Concurrent Investment Advisors LLC owned approximately 0.05% of Matador Resources worth $2,750,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Kestra Investment Management LLC grew its holdings 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 worth $25,000 after purchasing an additional 358 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of Matador Resources by 5,927.3% in the third quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after purchasing an additional 652 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Matador Resources in the third quarter worth about $35,000. Geneos Wealth Management Inc. grew its holdings in shares of Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after purchasing an additional 690 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of Matador Resources in the third quarter worth about $49,000. 91.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Matador Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Royal Bank Of Canada cut their price target on shares of Matador Resources from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, January 13th. UBS Group upped their price target on shares of Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Citigroup upped their price target on shares of Matador Resources from $62.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Finally, Wells Fargo & Company upped their price target on shares of Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.62.

Matador Resources Stock Performance

MTDR stock opened at $61.08 on Wednesday. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 10.01 and a beta of 0.91. The firm has a 50-day simple moving average of $57.77 and a two-hundred day simple moving average of $47.95. Matador Resources Company has a one year low of $37.14 and a one year high of $66.84. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.75 and a current ratio of 0.79.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.71 by $0.16. The business had revenue of $809.55 million during the quarter, compared to analyst estimates of $811.13 million. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The company’s quarterly revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 earnings per share. On average, equities analysts forecast that Matador Resources Company will post 7.35 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, May 8th. Matador Resources’s dividend payout ratio (DPR) is presently 24.59%.

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.