Ceredex Value Advisors LLC Has $16.03 Million Holdings in Matador Resources (NYSE:MTDR)

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

Other institutional investors also recently bought and sold shares of the company. Boston Trust Walden Corp acquired a new stake in shares of Matador Resources in the third quarter worth $51,788,000. Element Capital Management LLC acquired a new stake in shares of Matador Resources in the first quarter valued at about $28,572,000. Dimensional Fund Advisors LP increased its stake in shares of Matador Resources by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock worth $282,196,000 after purchasing an additional 356,506 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Matador Resources in the second quarter worth about $18,747,000. Finally, Yaupon Capital Management LP acquired a new position in shares of Matador Resources during the 1st quarter worth about $17,874,000. 91.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on MTDR shares. Wells Fargo & Company dropped their price target on Matador Resources from $89.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 1st. JPMorgan Chase & Co. cut their target price on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday. Capital One Financial upgraded shares of Matador Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $80.00 to $84.00 in a research report on Thursday, July 25th. Truist Financial cut their price objective on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $74.92.

Matador Resources Stock Down 1.0 %

NYSE MTDR opened at $51.59 on Friday. The stock’s 50 day simple moving average is $52.34 and its 200 day simple moving average is $57.70. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The firm has a market cap of $6.44 billion, a PE ratio of 6.83 and a beta of 3.26.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The company had revenue of $770.20 million during the quarter, compared to analyst estimates of $836.69 million. During the same period last year, the company posted $1.86 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Matador Resources will post 7.45 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.94%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s dividend payout ratio (DPR) is currently 10.60%.

Insider Buying and Selling

In other news, EVP Bryan A. Erman purchased 1,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $50.35 per share, with a total value of $50,350.00. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Robert T. Macalik acquired 500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $50.25 per share, with a total value of $25,125.00. Following the completion of the purchase, the chief accounting officer now directly owns 29,800 shares in the company, valued at approximately $1,497,450. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bryan A. Erman bought 1,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $50.35 per share, for a total transaction of $50,350.00. Following the purchase, the executive vice president now directly owns 2,750 shares of the company’s stock, valued at approximately $138,462.50. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 11,105 shares of company stock worth $562,306 in the last quarter. Insiders own 6.10% of the company’s stock.

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.