GAMMA Investing LLC Boosts Stake in Matador Resources (NYSE:MTDR)

GAMMA Investing LLC raised its stake in shares of Matador Resources (NYSE:MTDR) by 34.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,889 shares of the energy company’s stock after purchasing an additional 486 shares during the period. GAMMA Investing LLC’s holdings in Matador Resources were worth $106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in Matador Resources during the third quarter valued at approximately $37,000. Denver PWM LLC raised its position in Matador Resources by 67.2% during the third quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after purchasing an additional 303 shares during the period. Quarry LP raised its position in Matador Resources by 47.5% during the second quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after purchasing an additional 251 shares during the period. Avior Wealth Management LLC raised its position in Matador Resources by 329.0% during the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after purchasing an additional 635 shares during the period. Finally, Covestor Ltd raised its position in Matador Resources by 154.8% during the third quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock valued at $52,000 after purchasing an additional 644 shares during the period. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research report on Friday, January 3rd. BMO Capital Markets upped their target price on Matador Resources from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Truist Financial cut their target price on Matador Resources from $86.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Mizuho cut their target price on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, KeyCorp cut their target price on Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and a consensus target price of $74.79.

Matador Resources Stock Up 2.2 %

Shares of NYSE MTDR opened at $61.40 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $7.66 billion, a PE ratio of 8.13 and a beta of 3.24. The stock’s fifty day simple moving average is $56.96 and its two-hundred day simple moving average is $56.02. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.11. The business had revenue of $770.20 million for the quarter, compared to analysts’ expectations of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 EPS. As a group, analysts expect that Matador Resources will post 7.49 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s dividend payout ratio (DPR) is 13.25%.

Insider Buying and Selling at Matador Resources

In other news, CEO Joseph Wm Foran bought 2,000 shares of Matador Resources stock in a transaction that occurred on Friday, December 6th. The stock was bought at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the purchase, the chief executive officer now directly owns 42,251 shares of the company’s stock, valued at approximately $2,331,410.18. The trade was a 4.97 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Glenn W. Stetson bought 1,000 shares of Matador Resources stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average price of $51.33 per share, with a total value of $51,330.00. Following the purchase, the executive vice president now directly owns 85,935 shares in the company, valued at $4,411,043.55. The trade was a 1.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 4,285 shares of company stock valued at $232,849. 6.10% of the stock is currently owned by corporate insiders.

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.