Matador Resources Company $MTDR Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in Matador Resources Company (NYSE:MTDR) by 59.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,991 shares of the energy company’s stock after selling 68,122 shares during the period. Strs Ohio’s holdings in Matador Resources were worth $2,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC acquired a new stake in Matador Resources in the 1st quarter valued at about $26,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Matador Resources by 93.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock worth $26,000 after purchasing an additional 267 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Matador Resources during the 2nd quarter worth about $29,000. Quarry LP boosted its stake in shares of Matador Resources by 70.8% during the 1st quarter. Quarry LP now owns 859 shares of the energy company’s stock worth $44,000 after purchasing an additional 356 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Matador Resources by 361.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after purchasing an additional 690 shares during the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on MTDR shares. Mizuho decreased their price target on shares of Matador Resources from $69.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. Bank of America decreased their price target on shares of Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday. Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 price target (down from $63.00) on shares of Matador Resources in a research note on Monday, October 20th. William Blair started coverage on shares of Matador Resources in a research note on Monday, August 25th. They set an “outperform” rating on the stock. Finally, TD Cowen raised shares of Matador Resources to a “strong-buy” rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and an average target price of $63.57.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran purchased 9,500 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average price of $39.78 per share, for a total transaction of $377,910.00. Following the completion of the acquisition, the chief executive officer owned 17,525 shares of the company’s stock, valued at approximately $697,144.50. This represents a 118.38% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Christopher P. Calvert purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was acquired at an average price of $47.77 per share, for a total transaction of $47,770.00. Following the acquisition, the chief operating officer directly owned 37,500 shares of the company’s stock, valued at $1,791,375. This trade represents a 2.74% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 23,307 shares of company stock valued at $976,278 in the last three months. 5.80% of the stock is owned by company insiders.

Matador Resources Price Performance

MTDR opened at $39.24 on Tuesday. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.04. The company’s 50 day simple moving average is $45.28 and its 200 day simple moving average is $46.28. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. The stock has a market capitalization of $4.88 billion, a PE ratio of 6.27 and a beta of 1.41.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, October 21st. The energy company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The firm had revenue of $939.02 million for the quarter, compared to analyst estimates of $893.22 million. During the same quarter last year, the firm posted $1.89 earnings per share. Matador Resources’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 10th will be issued a $0.375 dividend. The ex-dividend date is Monday, November 10th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 annualized dividend and a yield of 3.8%. Matador Resources’s payout ratio is 23.96%.

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.