Ceredex Value Advisors LLC Raises Stock Holdings in Matador Resources (NYSE:MTDR)

Ceredex Value Advisors LLC boosted its stake in Matador Resources (NYSE:MTDR) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,201 shares of the energy company’s stock after purchasing an additional 20,900 shares during the quarter. Ceredex Value Advisors LLC owned about 0.28% of Matador Resources worth $19,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of MTDR. Franklin Resources Inc. grew its position in Matador Resources by 12.0% in the third quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company’s stock worth $54,122,000 after acquiring an additional 107,827 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Matador Resources by 81.2% in the 3rd quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock worth $1,498,000 after purchasing an additional 13,583 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Matador Resources by 16.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company’s stock valued at $8,088,000 after purchasing an additional 20,172 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Matador Resources by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,491,570 shares of the energy company’s stock valued at $83,916,000 after buying an additional 56,644 shares in the last quarter. Finally, Shaker Investments LLC OH bought a new stake in Matador Resources in the 4th quarter worth approximately $546,000. 91.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MTDR shares. Stephens reduced their price target on shares of Matador Resources from $90.00 to $86.00 and set an “overweight” rating on the stock in a research report on Tuesday. Benchmark reiterated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a research report on Friday, January 17th. Truist Financial boosted their price target on shares of Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Royal Bank of Canada reduced their price objective on Matador Resources from $70.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Finally, TD Cowen boosted their target price on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and a consensus price target of $73.36.

Insider Activity

In other news, CAO Robert T. Macalik acquired 1,200 shares of Matador Resources stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $47.98 per share, for a total transaction of $57,576.00. Following the completion of the transaction, the chief accounting officer now owns 31,000 shares in the company, valued at $1,487,380. The trade was a 4.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph Wm Foran bought 6,000 shares of Matador Resources stock in a transaction on Friday, February 21st. The shares were acquired at an average cost of $53.94 per share, with a total value of $323,640.00. Following the completion of the acquisition, the chief executive officer now owns 39,379 shares of the company’s stock, valued at $2,124,103.26. The trade was a 17.98 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 21,350 shares of company stock worth $1,100,769. Corporate insiders own 6.10% of the company’s stock.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $38.96 on Wednesday. Matador Resources has a 1 year low of $35.19 and a 1 year high of $67.72. The stock has a market capitalization of $4.88 billion, a P/E ratio of 5.46 and a beta of 2.74. The company’s 50-day moving average is $49.25 and its 200 day moving average is $54.01. 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 (NYSE:MTDR) last posted its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. On average, sell-side analysts expect that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently disclosed 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 was Friday, February 28th. This represents a $1.25 annualized dividend and a yield of 3.21%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. 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.