Matador Resources (NYSE:MTDR) Shares Bought by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC grew its stake in shares of Matador Resources (NYSE:MTDR) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,580 shares of the energy company’s stock after acquiring an additional 2,268 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Matador Resources were worth $1,495,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. raised its holdings in Matador Resources by 12.0% during the third quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company’s stock worth $54,122,000 after purchasing an additional 107,827 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of Matador Resources by 16.8% in the third quarter. Loomis Sayles & Co. L P now owns 455,662 shares of the energy company’s stock valued at $22,519,000 after buying an additional 65,487 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Matador Resources by 81.2% during the 3rd quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock worth $1,498,000 after buying an additional 13,583 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Matador Resources by 16.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company’s stock worth $8,088,000 after buying an additional 20,172 shares in the last quarter. Finally, HITE Hedge Asset Management LLC acquired a new stake in Matador Resources in the 3rd quarter valued at about $10,526,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Mizuho cut 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 Monday, December 16th. Wells Fargo & Company lifted their price objective on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Benchmark reiterated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a report on Friday, January 17th. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target for the company in a report on Friday, January 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $75.14.

Insider Transactions at Matador Resources

In related news, insider Van H. Singleton II acquired 2,000 shares of Matador Resources stock in a transaction on Friday, February 21st. The shares were bought at an average price of $53.21 per share, for a total transaction of $106,420.00. Following the completion of the purchase, the insider now directly owns 289,135 shares in the company, valued at $15,384,873.35. This trade represents a 0.70 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP William Thomas Elsener bought 800 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $56.60 per share, with a total value of $45,280.00. Following the purchase, the executive vice president now owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. This represents a 0.78 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 20,330 shares of company stock worth $1,061,516. 6.10% of the stock is currently owned by company insiders.

Matador Resources Price Performance

MTDR opened at $44.85 on Friday. Matador Resources has a 1 year low of $43.89 and a 1 year high of $71.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The company’s 50 day simple moving average is $57.58 and its 200 day simple moving average is $55.51. The stock has a market capitalization of $5.62 billion, a PE ratio of 6.28 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. As a group, sell-side analysts expect that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.79%. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is 17.51%.

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.