Ceredex Value Advisors LLC Acquires 52,450 Shares of Matador Resources (NYSE:MTDR)

Ceredex Value Advisors LLC increased its holdings in Matador Resources (NYSE:MTDR) by 19.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 324,301 shares of the energy company’s stock after purchasing an additional 52,450 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.26% of Matador Resources worth $16,027,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Denver PWM LLC bought a new position in Matador Resources in the 2nd quarter valued at about $27,000. Covestor Ltd grew its position in shares of Matador Resources by 121.4% during the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after purchasing an additional 227 shares in the last quarter. Quarry LP grew its holdings in shares of Matador Resources by 47.5% during the second quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after purchasing an additional 251 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Matador Resources by 191.8% during the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock valued at $47,000 after buying an additional 466 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Matador Resources by 28.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,403 shares of the energy company’s stock valued at $69,000 after buying an additional 313 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Stock Down 1.0 %

Shares of NYSE:MTDR opened at $51.59 on Friday. The business has a fifty day moving average of $52.34 and a two-hundred day moving average of $57.70. The stock has a market cap of $6.44 billion, a P/E ratio of 6.83 and a beta of 3.26. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.11. The company had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. Matador Resources’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 EPS. On average, research analysts expect that Matador Resources will post 7.45 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s dividend payout ratio is presently 10.60%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wolfe Research started coverage on shares of Matador Resources in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Truist Financial reduced their price objective on Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Stephens boosted their price objective on shares of Matador Resources from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a report on Thursday, October 24th. Finally, Benchmark reiterated a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Matador Resources has an average rating of “Moderate Buy” and an average target price of $74.92.

Insiders Place Their Bets

In related news, CEO Joseph Wm Foran acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $51.47 per share, with a total value of $128,675.00. Following the completion of the acquisition, the chief executive officer now owns 37,751 shares in the company, valued at approximately $1,943,043.97. This 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 through this hyperlink. In other Matador Resources news, CEO Joseph Wm Foran purchased 2,500 shares of Matador Resources stock in a transaction on Friday, September 6th. The shares were bought at an average price of $51.47 per share, with a total value of $128,675.00. Following the purchase, the chief executive officer now directly owns 37,751 shares in the company, valued at $1,943,043.97. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bryan A. Erman purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $50.35 per share, with a total value of $50,350.00. Following the transaction, the executive vice president now directly owns 2,750 shares of the company’s stock, valued at $138,462.50. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 11,105 shares of company stock valued at $562,306. 6.10% of the stock is owned by company insiders.

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.