Matador Resources (NYSE:MTDR) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its position in Matador Resources (NYSE:MTDR) by 114.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,412 shares of the energy company’s stock after purchasing an additional 13,040 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Matador Resources were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MTDR. GeoSphere Capital Management LLC acquired a new position in shares of Matador Resources during the 4th quarter valued at about $2,138,000. Crestline Management LP increased its stake in shares of Matador Resources by 477.6% during the 4th quarter. Crestline Management LP now owns 26,529 shares of the energy company’s stock valued at $1,493,000 after acquiring an additional 21,936 shares during the last quarter. Caption Management LLC acquired a new position in shares of Matador Resources during the 4th quarter valued at about $607,000. Cetera Investment Advisers increased its stake in shares of Matador Resources by 24.0% during the 4th quarter. Cetera Investment Advisers now owns 8,070 shares of the energy company’s stock valued at $454,000 after acquiring an additional 1,562 shares during the last quarter. Finally, Cercano Management LLC acquired a new position in shares of Matador Resources during the 4th quarter valued at about $3,183,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insider Activity at Matador Resources

In other news, COO Christopher P. Calvert purchased 1,300 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of $55.17 per share, with a total value of $71,721.00. Following the transaction, the chief operating officer now owns 34,000 shares in the company, valued at approximately $1,875,780. The trade was a 3.98% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William Thomas Elsener purchased 750 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were purchased at an average cost of $40.10 per share, for a total transaction of $30,075.00. Following the completion of the transaction, the executive vice president now owns 111,197 shares in the company, valued at approximately $4,458,999.70. This represents a 0.68% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 36,200 shares of company stock valued at $1,701,872. Corporate insiders own 6.10% of the company’s stock.

Matador Resources Stock Performance

Matador Resources stock opened at $44.49 on Friday. The stock has a market cap of $5.57 billion, a P/E ratio of 6.23 and a beta of 1.47. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average of $44.24 and a 200-day moving average of $52.37. Matador Resources has a 52 week low of $35.19 and a 52 week high of $66.89.

Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, April 23rd. The energy company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.74 by $0.25. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $980.87 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The business’s revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 EPS. On average, analysts expect that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources announced that its Board of Directors has authorized a stock buyback program on Wednesday, April 23rd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the energy company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, May 9th. Matador Resources’s dividend payout ratio is currently 16.78%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MTDR. Royal Bank of Canada dropped their target price on shares of Matador Resources from $70.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. KeyCorp dropped their target price on shares of Matador Resources from $72.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Benchmark reissued a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research report on Friday, January 17th. Mizuho dropped their target price on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Matador Resources from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.33.

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.