Alpha DNA Investment Management LLC Buys 4,731 Shares of Matador Resources (NYSE:MTDR)

Alpha DNA Investment Management LLC boosted its stake in shares of Matador Resources (NYSE:MTDR) by 132.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,302 shares of the energy company’s stock after purchasing an additional 4,731 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Matador Resources were worth $410,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Denver PWM LLC acquired a new stake in shares of Matador Resources during the second quarter worth $27,000. Advisors Asset Management Inc. grew its position in Matador Resources by 191.8% in the first quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock valued at $47,000 after acquiring an additional 466 shares during the last quarter. Quarry LP grew its position in Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after acquiring an additional 251 shares during the last quarter. Avior Wealth Management LLC grew its position in Matador Resources by 329.0% in the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after acquiring an additional 635 shares during the last quarter. Finally, Covestor Ltd grew its position in Matador Resources by 154.8% in the third quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock valued at $52,000 after acquiring an additional 644 shares during the last quarter. 91.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MTDR has been the topic of several research reports. Truist Financial reduced their price target on Matador Resources from $86.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Benchmark restated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a report on Wednesday, October 23rd. BMO Capital Markets boosted their price target on Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. JPMorgan Chase & Co. reduced their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Stephens upped their target price on Matador Resources from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.92.

Insider Buying and Selling

In related news, CAO Robert T. Macalik bought 500 shares of Matador Resources stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $50.25 per share, with a total value of $25,125.00. Following the acquisition, the chief accounting officer now directly owns 29,800 shares of the company’s stock, valued at $1,497,450. This represents a 1.71 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Wm Foran purchased 2,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $51.47 per share, with a total value of $128,675.00. Following the transaction, the chief executive officer now owns 37,751 shares in the company, valued at approximately $1,943,043.97. The trade was a 7.09 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 11,105 shares of company stock valued at $562,306. 6.10% of the stock is owned by insiders.

Matador Resources Trading Up 1.2 %

Shares of Matador Resources stock opened at $60.91 on Monday. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The firm has a market cap of $7.60 billion, a PE ratio of 8.07 and a beta of 3.26. The stock has a fifty day moving average price of $53.48 and a 200-day moving average price of $56.75. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $770.20 million during the quarter, compared to analyst estimates of $836.69 million. During the same period last year, the firm posted $1.86 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that Matador Resources will post 7.5 EPS for the current year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.64%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s dividend payout ratio (DPR) is 13.25%.

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.