New Age Alpha Advisors LLC Invests $1.45 Million in Matador Resources (NYSE:MTDR)

New Age Alpha Advisors LLC purchased a new stake in Matador Resources (NYSE:MTDR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 25,785 shares of the energy company's stock, valued at approximately $1,451,000.

Several other hedge funds have also recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Matador Resources during the 4th quarter worth $440,000. Vanguard Group Inc. raised its holdings in Matador Resources by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company's stock worth $706,375,000 after purchasing an additional 187,633 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Matador Resources during the fourth quarter valued at about $1,367,000. Sei Investments Co. lifted its position in shares of Matador Resources by 43.2% during the fourth quarter. Sei Investments Co. now owns 131,136 shares of the energy company's stock valued at $7,378,000 after buying an additional 39,550 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Matador Resources by 3.7% in the 4th quarter. American Century Companies Inc. now owns 607,356 shares of the energy company's stock valued at $34,170,000 after buying an additional 21,466 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company's stock.

Matador Resources Trading Up 2.2 %

NYSE MTDR traded up $1.14 on Wednesday, reaching $52.25. The stock had a trading volume of 1,123,665 shares, compared to its average volume of 1,494,445. Matador Resources has a 12-month low of $43.89 and a 12-month high of $71.08. The stock has a fifty day moving average price of $53.79 and a two-hundred day moving average price of $54.94. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 7.32 and a beta of 3.17. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61.

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Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data 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 net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. As a group, sell-side analysts forecast that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.3125 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a yield of 2.39%. 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%.

Insider Activity

In other news, CAO Robert T. Macalik acquired 1,200 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $47.98 per share, with a total value of $57,576.00. Following the transaction, the chief accounting officer now owns 31,000 shares in the company, valued at approximately $1,487,380. This trade represents a 4.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Christopher P. Calvert bought 1,300 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average price of $55.17 per share, with a total value of $71,721.00. Following the purchase, the chief operating officer now owns 34,000 shares of the company's stock, valued at approximately $1,875,780. This represents a 3.98 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 21,350 shares of company stock worth $1,100,769. 6.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MTDR. Wells Fargo & Company decreased their target price on shares of Matador Resources from $90.00 to $87.00 and set an "overweight" rating for the company in a research report on Tuesday, March 25th. Stephens raised their price objective on Matador Resources from $78.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Wolfe Research raised Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 target price on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price target on Matador Resources from $76.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, TD Cowen upped their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $73.79.

Matador Resources Company 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.