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

GAMMA Investing LLC raised its holdings in shares of Matador Resources (NYSE:MTDR) by 28.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,403 shares of the energy company’s stock after purchasing an additional 313 shares during the quarter. GAMMA Investing LLC’s holdings in Matador Resources were worth $69,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTDR. Denver PWM LLC purchased a new stake in shares of Matador Resources during the 2nd quarter valued at approximately $27,000. Covestor Ltd boosted its holdings in shares of Matador Resources by 121.4% in the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after acquiring an additional 227 shares during the period. Rise Advisors LLC purchased a new position in shares of Matador Resources in the first quarter valued at $34,000. Quarry LP raised its stake in shares of Matador Resources by 47.5% during the 2nd 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. Finally, Advisors Asset Management Inc. lifted its holdings in Matador Resources by 191.8% during the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock worth $47,000 after purchasing an additional 466 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Down 5.6 %

Shares of MTDR opened at $50.67 on Wednesday. The firm has a market cap of $6.32 billion, a P/E ratio of 6.94 and a beta of 3.26. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The stock has a 50 day simple moving average of $53.42 and a two-hundred day simple moving average of $59.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.76 by $0.29. The company had revenue of $847.14 million for the quarter, compared to analyst estimates of $822.55 million. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The firm’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.42 EPS. On average, analysts forecast that Matador Resources will post 7.4 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, August 15th. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Wall Street Analyst Weigh In

MTDR has been the subject of a number of recent analyst reports. Truist Financial reduced their target price on Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a report on Monday, September 30th. Stephens boosted their price objective on shares of Matador Resources from $74.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Wolfe Research started coverage on shares of Matador Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. TD Cowen boosted their price target on shares of Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Mizuho lowered their price objective on Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Matador Resources currently has an average rating of “Moderate Buy” and a consensus price target of $75.85.

Insider Activity at Matador Resources

In related news, CAO Robert T. Macalik purchased 500 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average cost of $54.50 per share, with a total value of $27,250.00. Following the purchase, the chief accounting officer now directly owns 29,300 shares of the company’s stock, valued at approximately $1,596,850. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Robert T. Macalik purchased 500 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $54.50 per share, with a total value of $27,250.00. Following the acquisition, the chief accounting officer now directly owns 29,300 shares in the company, valued at approximately $1,596,850. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joseph Wm Foran acquired 2,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $55.96 per share, with a total value of $111,920.00. Following the completion of the purchase, the chief executive officer now owns 35,251 shares of the company’s stock, valued at approximately $1,972,645.96. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 12,300 shares of company stock worth $634,615 in the last ninety days. 6.10% of the stock is owned by company insiders.

About Matador Resources

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.