Jacobs Levy Equity Management Inc. Has $1.37 Million Stake in Matador Resources (NYSE:MTDR)

Jacobs Levy Equity Management Inc. boosted its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 114.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,412 shares of the energy company's stock after buying an additional 13,040 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Matador Resources were worth $1,373,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Altshuler Shaham Ltd acquired a new stake in Matador Resources during the 4th quarter valued at $25,000. TCTC Holdings LLC lifted its stake in Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after acquiring an additional 175 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in 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 acquiring an additional 256 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after purchasing an additional 207 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock worth $33,000 after purchasing an additional 453 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Matador Resources from $86.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Bank of America started coverage on Matador Resources in a research report on Monday. They issued a "buy" rating and a $56.00 target price on the stock. Morgan Stanley lowered their price target on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Royal Bank of Canada cut their price objective on shares of Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Raymond James dropped their price target on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Matador Resources has a consensus rating of "Moderate Buy" and an average target price of $69.44.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran bought 2,500 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was bought at an average price of $39.63 per share, for a total transaction of $99,075.00. Following the transaction, the chief executive officer now owns 60,756 shares of the company's stock, valued at approximately $2,407,760.28. The trade was a 4.29% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Christopher P. Calvert bought 1,300 shares of Matador Resources stock in a transaction on Friday, February 21st. The shares were bought at an average price of $55.17 per share, for a total transaction of $71,721.00. Following the acquisition, the chief operating officer now owns 34,000 shares of the company's stock, valued at approximately $1,875,780. The trade was a 3.98% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 36,200 shares of company stock valued at $1,701,872. 6.10% of the stock is currently owned by insiders.

Matador Resources Price Performance

NYSE:MTDR traded down $0.04 on Tuesday, reaching $44.25. The stock had a trading volume of 1,394,936 shares, compared to its average volume of 1,626,947. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $5.54 billion, a P/E ratio of 6.20 and a beta of 1.47. Matador Resources has a 1-year low of $35.19 and a 1-year high of $66.89. The stock has a fifty day moving average price of $44.16 and a 200-day moving average price of $52.32.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.25. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $980.87 million. During the same quarter in the prior year, the company earned $1.71 EPS. The firm's quarterly revenue was up 28.7% on a year-over-year basis. Research analysts forecast that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a yield of 2.82%. Matador Resources's payout ratio is presently 16.78%.

Matador Resources announced that its board has approved a share buyback plan on Wednesday, April 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the energy company to buy up to 7.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

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.