Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stock Position in Matador Resources Company $MTDR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Matador Resources Company (NYSE:MTDR) by 7.9% in the second quarter, Holdings Channel reports. The firm owned 29,917 shares of the energy company’s stock after acquiring an additional 2,179 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Matador Resources were worth $1,428,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MTDR. Vanguard Group Inc. lifted its stake in shares of Matador Resources by 7.6% during the first quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company’s stock worth $690,310,000 after purchasing an additional 956,090 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Matador Resources by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,464,857 shares of the energy company’s stock worth $279,192,000 after acquiring an additional 20,134 shares in the last quarter. LSV Asset Management boosted its holdings in Matador Resources by 50.9% in the 1st quarter. LSV Asset Management now owns 2,289,379 shares of the energy company’s stock worth $116,964,000 after acquiring an additional 772,071 shares during the period. Wellington Management Group LLP grew its position in Matador Resources by 30.5% in the first quarter. Wellington Management Group LLP now owns 2,043,715 shares of the energy company’s stock valued at $104,413,000 after acquiring an additional 477,236 shares in the last quarter. Finally, Beck Mack & Oliver LLC grew its position in Matador Resources by 6.8% in the first quarter. Beck Mack & Oliver LLC now owns 1,514,928 shares of the energy company’s stock valued at $77,398,000 after acquiring an additional 96,562 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $41.07 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.04. The firm’s 50-day simple moving average is $42.71 and its 200-day simple moving average is $46.17. The firm has a market cap of $5.10 billion, a PE ratio of 6.56 and a beta of 1.35.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, October 21st. The energy company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.14. The business had revenue of $915.12 million during the quarter, compared to the consensus estimate of $893.22 million. Matador Resources had a return on equity of 14.80% and a net margin of 20.46%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $1.89 earnings per share. Equities analysts forecast that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 10th will be issued a $0.375 dividend. This is a positive change from Matador Resources’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, November 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.7%. Matador Resources’s dividend payout ratio (DPR) is presently 23.96%.

Insider Buying and Selling at Matador Resources

In other news, EVP Robert T. Macalik acquired 1,500 shares of Matador Resources stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average cost of $38.25 per share, for a total transaction of $57,375.00. Following the completion of the purchase, the executive vice president directly owned 35,039 shares of the company’s stock, valued at $1,340,241.75. This trade represents a 4.47% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Van H. Singleton II bought 1,000 shares of the stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $39.46 per share, with a total value of $39,460.00. Following the purchase, the insider owned 292,418 shares of the company’s stock, valued at $11,538,814.28. The trade was a 0.34% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 41,726 shares of company stock worth $1,674,234. 5.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Mizuho reduced their target price on shares of Matador Resources from $69.00 to $67.00 and set an “outperform” rating on the stock in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Matador Resources in a report on Tuesday, October 14th. KeyCorp decreased their price objective on shares of Matador Resources from $61.00 to $52.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Royal Bank Of Canada boosted their price target on Matador Resources from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $55.00 price target (down previously from $63.00) on shares of Matador Resources in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.57.

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.