Matador Resources (NYSE:MTDR) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Matador Resources (NYSE:MTDR) by 34.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,889 shares of the energy company’s stock after purchasing an additional 486 shares during the quarter. GAMMA Investing LLC’s holdings in Matador Resources were worth $106,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTDR. True Wealth Design LLC acquired a new stake in Matador Resources during the 3rd quarter worth about $37,000. Denver PWM LLC increased its stake in shares of Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after purchasing an additional 303 shares in the last quarter. Avior Wealth Management LLC increased its stake in shares of Matador Resources by 329.0% in the 3rd 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 in the last quarter. Quarry LP increased its stake in shares of Matador Resources by 47.5% in 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 in the last quarter. Finally, Covestor Ltd increased its stake in shares of Matador Resources by 154.8% in the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock valued at $52,000 after purchasing an additional 644 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Price Performance

MTDR stock opened at $61.40 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. The business has a 50 day simple moving average of $56.96 and a 200-day simple moving average of $56.02. The firm has a market capitalization of $7.66 billion, a PE ratio of 8.13 and a beta of 3.24. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. The business had revenue of $770.20 million during the quarter, compared to analyst estimates 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 was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 earnings per share. Equities research analysts anticipate that Matador Resources will post 7.49 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.63%. Matador Resources’s dividend payout ratio is 13.25%.

Insider Activity

In other Matador Resources news, EVP William Thomas Elsener acquired 800 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the acquisition, the executive vice president now owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. The trade was a 0.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Joseph Wm Foran acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the completion of the acquisition, the chief executive officer now directly owns 42,251 shares of the company’s stock, valued at $2,331,410.18. The trade was a 4.97 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 4,285 shares of company stock worth $232,849 over the last ninety days. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MTDR has been the subject of several recent analyst reports. BMO Capital Markets lifted their price target on Matador Resources from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Benchmark restated a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a research note on Wednesday, October 23rd. Truist Financial cut their price target on Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Stephens lifted their price target on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Mizuho cut their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.79.

Matador Resources 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.