GAMMA Investing LLC Buys 809 Shares of Matador Resources Company (NYSE:MTDR)

GAMMA Investing LLC lifted its stake in shares of Matador Resources Company (NYSE:MTDR) by 42.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,698 shares of the energy company’s stock after acquiring an additional 809 shares during the period. GAMMA Investing LLC’s holdings in Matador Resources were worth $138,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. US Bancorp DE grew its position in Matador Resources by 9.7% in the fourth quarter. US Bancorp DE now owns 14,457 shares of the energy company’s stock valued at $813,000 after purchasing an additional 1,283 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Matador Resources by 55.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,376 shares of the energy company’s stock valued at $76,000 after acquiring an additional 493 shares during the period. SRS Capital Advisors Inc. grew its position in shares of Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock valued at $33,000 after acquiring an additional 453 shares during the period. Charles Schwab Investment Management Inc. lifted its stake 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 worth $83,916,000 after buying an additional 56,644 shares during the last quarter. Finally, Atria Investments Inc lifted its stake in shares of Matador Resources by 3.1% during the 4th quarter. Atria Investments Inc now owns 8,188 shares of the energy company’s stock worth $461,000 after buying an additional 249 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Matador Resources Trading Down 0.9%

Shares of Matador Resources stock opened at $50.21 on Friday. The company’s 50-day moving average price is $45.77 and its 200-day moving average price is $49.96. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 6.74 and a beta of 1.46. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.56. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $66.89.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.25. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $980.87 million. Matador Resources had a net margin of 24.97% and a return on equity of 18.45%. Matador Resources’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period last year, the firm posted $1.71 earnings per share. On average, equities analysts expect that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the energy company to purchase up to 7.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 9th were given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Friday, May 9th. Matador Resources’s payout ratio is currently 16.78%.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, COO Christopher P. Calvert purchased 1,500 shares of Matador Resources stock in a transaction on Thursday, May 1st. The shares were acquired at an average cost of $41.13 per share, for a total transaction of $61,695.00. Following the completion of the transaction, the chief operating officer directly owned 36,500 shares of the company’s stock, valued at approximately $1,501,245. The trade was a 4.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Joseph Wm Foran purchased 5,000 shares of Matador Resources stock in a transaction on Tuesday, April 29th. The shares were acquired at an average price of $40.86 per share, for a total transaction of $204,300.00. Following the completion of the transaction, the chief executive officer directly owned 50,756 shares of the company’s stock, valued at approximately $2,073,890.16. The trade was a 10.93% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 14,850 shares of company stock valued at $601,103. 5.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MTDR has been the subject of a number of research reports. UBS Group began coverage on shares of Matador Resources in a research note on Tuesday, April 22nd. They set a “neutral” rating and a $47.00 target price for the company. Bank of America started coverage on shares of Matador Resources in a report on Monday, May 19th. They set a “buy” rating and a $56.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of Matador Resources from $80.00 to $74.00 and set an “overweight” rating on the stock in a report on Monday, June 16th. Stephens reduced their target price on shares of Matador Resources from $90.00 to $86.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Finally, Royal Bank Of Canada reduced their target price on shares of Matador Resources from $70.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and an average target price of $69.06.

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.