Alpha DNA Investment Management LLC Has $410,000 Stock Position in Matador Resources (NYSE:MTDR)

Alpha DNA Investment Management LLC boosted its stake in shares of Matador Resources (NYSE:MTDR) by 132.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,302 shares of the energy company’s stock after purchasing an additional 4,731 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Matador Resources were worth $410,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Algert Global LLC raised its stake in Matador Resources by 1,150.4% during the 3rd quarter. Algert Global LLC now owns 149,316 shares of the energy company’s stock valued at $7,379,000 after purchasing an additional 137,375 shares during the last quarter. Cerity Partners LLC raised its stake in Matador Resources by 42.8% during the 3rd quarter. Cerity Partners LLC now owns 69,082 shares of the energy company’s stock valued at $3,414,000 after purchasing an additional 20,700 shares during the last quarter. Citigroup Inc. raised its stake in Matador Resources by 40.1% during the 3rd quarter. Citigroup Inc. now owns 138,580 shares of the energy company’s stock valued at $6,849,000 after purchasing an additional 39,630 shares during the last quarter. Raymond James Trust N.A. raised its stake in Matador Resources by 44.0% during the 3rd quarter. Raymond James Trust N.A. now owns 8,226 shares of the energy company’s stock valued at $407,000 after purchasing an additional 2,512 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Matador Resources by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company’s stock valued at $70,914,000 after purchasing an additional 57,254 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MTDR. Benchmark restated a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a research note on Wednesday, October 23rd. Mizuho dropped their price objective on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. BMO Capital Markets increased their price objective on shares of Matador Resources from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Truist Financial dropped 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 note on Monday, September 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.92.

Matador Resources Stock Up 1.2 %

Shares of NYSE:MTDR opened at $60.91 on Monday. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The company’s 50-day moving average price is $53.48 and its two-hundred day moving average price is $56.75. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. The firm has a market cap of $7.60 billion, a P/E ratio of 8.07 and a beta of 3.26.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. During the same quarter in the prior year, the firm earned $1.86 EPS. The company’s revenue was up 9.8% on a year-over-year basis. As a group, research analysts forecast that Matador Resources will post 7.5 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s dividend payout ratio is currently 13.25%.

Insider Buying and Selling at Matador Resources

In other news, EVP Glenn W. Stetson purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $51.33 per share, for a total transaction of $51,330.00. Following the transaction, the executive vice president now directly owns 85,935 shares of the company’s stock, valued at approximately $4,411,043.55. The trade was a 1.18 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joseph Wm Foran purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $51.47 per share, for a total transaction of $128,675.00. Following the completion of the transaction, the chief executive officer now directly owns 37,751 shares in the company, valued at $1,943,043.97. This trade represents a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 11,105 shares of company stock worth $562,306. Company 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.