GAMMA Investing LLC Buys 135,952 Shares of Matador Resources (NYSE:MTDR)

GAMMA Investing LLC lifted its position in Matador Resources (NYSE:MTDR - Free Report) by 7,197.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,841 shares of the energy company's stock after buying an additional 135,952 shares during the quarter. GAMMA Investing LLC owned about 0.11% of Matador Resources worth $7,042,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. TCTC Holdings LLC boosted its position in Matador Resources by 53.8% during the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after purchasing an additional 175 shares during the period. Atria Investments Inc boosted its holdings in shares of Matador Resources by 3.1% during the 4th quarter. Atria Investments Inc now owns 8,188 shares of the energy company's stock worth $461,000 after buying an additional 249 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after buying an additional 256 shares during the period. Arizona State Retirement System grew its stake in Matador Resources by 0.8% in the 4th quarter. Arizona State Retirement System now owns 34,413 shares of the energy company's stock valued at $1,936,000 after buying an additional 280 shares during the last quarter. Finally, State of Wyoming raised its holdings in Matador Resources by 11.6% in the 4th quarter. State of Wyoming now owns 2,772 shares of the energy company's stock worth $156,000 after acquiring an additional 288 shares during the period. Institutional investors and hedge funds own 91.98% of the company's stock.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP William Thomas Elsener purchased 750 shares of the stock in a transaction on Thursday, May 1st. The shares were purchased at an average price of $40.10 per share, with a total value of $30,075.00. Following the completion of the transaction, the executive vice president now directly owns 111,197 shares in the company, valued at $4,458,999.70. This represents a 0.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Christopher P. Calvert acquired 1,500 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was bought at an average price of $41.13 per share, for a total transaction of $61,695.00. Following the completion of the acquisition, the chief operating officer now owns 36,500 shares of the company's stock, valued at approximately $1,501,245. The trade was a 4.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 15,350 shares of company stock valued at $624,848 over the last quarter. Corporate insiders own 5.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MTDR. JPMorgan Chase & Co. decreased their price target on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Mizuho cut their price objective on Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Wells Fargo & Company lowered their target price on Matador Resources from $86.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Morgan Stanley dropped their price target on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Finally, KeyCorp reduced their price objective on Matador Resources from $72.00 to $60.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Matador Resources presently has a consensus rating of "Moderate Buy" and an average target price of $69.44.

Matador Resources Price Performance

NYSE MTDR traded up $0.14 during trading hours on Wednesday, reaching $48.07. 558,548 shares of the company's stock were exchanged, compared to its average volume of 1,616,004. The firm has a fifty day moving average of $42.18 and a 200-day moving average of $50.92. Matador Resources has a one year low of $35.19 and a one year high of $66.89. The stock has a market cap of $6.02 billion, a PE ratio of 6.74 and a beta of 1.46. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The energy company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.25. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $980.87 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The company's revenue was up 28.7% on a year-over-year basis. During the same period last year, the company earned $1.71 earnings per share. On average, equities research analysts predict that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources declared that its Board of Directors has initiated a share buyback program on Wednesday, April 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the energy company to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 9th were issued a dividend of $0.3125 per share. The ex-dividend date was Friday, May 9th. This represents a $1.25 annualized dividend and a yield of 2.60%. Matador Resources's dividend payout ratio is presently 16.78%.

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.