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

Ceredex Value Advisors LLC increased its holdings in Matador Resources (NYSE:MTDR - Free Report) by 19.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 324,301 shares of the energy company's stock after acquiring an additional 52,450 shares during the period. Ceredex Value Advisors LLC owned approximately 0.26% of Matador Resources worth $16,027,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Boston Trust Walden Corp purchased a new position in Matador Resources in the third quarter valued at $51,788,000. Element Capital Management LLC acquired a new position in shares of Matador Resources during the 1st quarter worth $28,572,000. Dimensional Fund Advisors LP increased its stake in Matador Resources by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company's stock valued at $282,196,000 after purchasing an additional 356,506 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Matador Resources during the second quarter worth about $18,747,000. Finally, Yaupon Capital Management LP purchased a new stake in shares of Matador Resources in the first quarter valued at $17,874,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Robert T. Macalik purchased 500 shares of the firm's stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $50.25 per share, for a total transaction of $25,125.00. Following the completion of the acquisition, the chief accounting officer now directly owns 29,800 shares of the company's stock, valued at approximately $1,497,450. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Glenn W. Stetson bought 1,000 shares of the company's stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average cost of $51.33 per share, with a total value of $51,330.00. Following the acquisition, the executive vice president now owns 85,935 shares in the company, valued at approximately $4,411,043.55. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Robert T. Macalik purchased 500 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $50.25 per share, for a total transaction of $25,125.00. Following the purchase, the chief accounting officer now owns 29,800 shares in the company, valued at $1,497,450. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 11,105 shares of company stock valued at $562,306 over the last 90 days. 6.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Mizuho decreased their price target on shares of Matador Resources from $85.00 to $74.00 and set an "outperform" rating for the company in a research report on Monday, September 16th. Capital One Financial upgraded Matador Resources from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $80.00 to $84.00 in a research note on Thursday, July 25th. TD Cowen increased their target price on shares of Matador Resources from $85.00 to $87.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Wolfe Research began coverage on shares of Matador Resources in a research report on Thursday, July 18th. They set a "peer perform" rating for the company. Finally, Stephens raised their target price on shares of Matador Resources from $76.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.92.

Matador Resources Stock Down 1.0 %

Shares of MTDR stock traded down $0.52 on Friday, reaching $51.59. 1,665,834 shares of the company's stock traded hands, compared to its average volume of 1,825,418. The business's 50 day moving average price is $52.23 and its two-hundred day moving average price is $57.59. The company has a market capitalization of $6.44 billion, a P/E ratio of 6.83 and a beta of 3.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The business 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 earned $1.86 earnings per share. Matador Resources's quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that Matador Resources will post 7.45 earnings per share for the current year.

Matador Resources Increases Dividend

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

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.