New Age Alpha Advisors LLC Invests $1.45 Million in Matador Resources (NYSE:MTDR)

New Age Alpha Advisors LLC purchased a new stake in Matador Resources (NYSE:MTDR) in the fourth quarter, HoldingsChannel reports. The fund purchased 25,785 shares of the energy company’s stock, valued at approximately $1,451,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. TCTC Holdings LLC lifted its stake in shares of Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after buying an additional 256 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after buying an additional 207 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after buying an additional 453 shares during the period. Finally, True Wealth Design LLC purchased a new position in Matador Resources during the third quarter worth $37,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MTDR shares. Mizuho lowered their target price on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. dropped their target price on Matador Resources from $76.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Stephens upped their target price on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Truist Financial upped their price objective on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, TD Cowen increased their target price on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $73.79.

Insider Buying and Selling at Matador Resources

In related news, Director Timothy E. Parker acquired 2,000 shares of Matador Resources stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $44.67 per share, for a total transaction of $89,340.00. Following the purchase, the director now owns 83,790 shares of the company’s stock, valued at approximately $3,742,899.30. This represents a 2.45 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul W. Harvey bought 600 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average cost of $55.20 per share, for a total transaction of $33,120.00. Following the completion of the acquisition, the director now owns 27,917 shares of the company’s stock, valued at $1,541,018.40. This trade represents a 2.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 21,350 shares of company stock worth $1,100,769. Company insiders own 6.10% of the company’s stock.

Matador Resources Price Performance

Shares of MTDR stock opened at $50.46 on Monday. The stock’s 50-day moving average is $54.28 and its 200 day moving average is $54.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. Matador Resources has a 1-year low of $43.89 and a 1-year high of $71.08. The company has a market cap of $6.32 billion, a P/E ratio of 7.07 and a beta of 3.17.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The business had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Research analysts predict that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.3125 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a yield of 2.48%. Matador Resources’s dividend payout ratio (DPR) is currently 17.51%.

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.