Matador Resources (NYSE:MTDR) Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lifted its stake in shares of Matador Resources (NYSE:MTDRGet Rating) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,229 shares of the energy company’s stock after buying an additional 258 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Matador Resources were worth $2,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC boosted its holdings in Matador Resources by 62.3% in the fourth quarter. ProShare Advisors LLC now owns 27,638 shares of the energy company’s stock worth $1,021,000 after purchasing an additional 10,607 shares during the period. Teacher Retirement System of Texas boosted its holdings in Matador Resources by 5.5% in the fourth quarter. Teacher Retirement System of Texas now owns 74,519 shares of the energy company’s stock worth $2,751,000 after purchasing an additional 3,890 shares during the period. LPL Financial LLC boosted its holdings in Matador Resources by 426.0% in the third quarter. LPL Financial LLC now owns 37,257 shares of the energy company’s stock worth $1,417,000 after purchasing an additional 30,174 shares during the period. Toth Financial Advisory Corp boosted its holdings in Matador Resources by 78.1% in the fourth quarter. Toth Financial Advisory Corp now owns 13,000 shares of the energy company’s stock worth $480,000 after purchasing an additional 5,700 shares during the period. Finally, Yousif Capital Management LLC acquired a new position in Matador Resources in the fourth quarter worth $3,895,000. 87.77% of the stock is owned by institutional investors and hedge funds.

NYSE:MTDR opened at $48.72 on Thursday. The business’s 50-day moving average price is $55.06 and its 200 day moving average price is $49.15. The firm has a market cap of $5.76 billion, a P/E ratio of 7.95 and a beta of 3.82. Matador Resources has a 52-week low of $24.76 and a 52-week high of $67.78. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.64.

Matador Resources (NYSE:MTDRGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The energy company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.27. Matador Resources had a return on equity of 34.63% and a net margin of 37.28%. The firm had revenue of $565.69 million for the quarter, compared to the consensus estimate of $608.97 million. During the same quarter in the previous year, the company earned $0.71 EPS. Sell-side analysts expect that Matador Resources will post 10.97 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 3rd. Investors of record on Wednesday, May 18th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Tuesday, May 17th. Matador Resources’s dividend payout ratio is 3.26%.

Several research firms have recently commented on MTDR. StockNews.com lowered shares of Matador Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Wells Fargo & Company lifted their price target on Matador Resources from $55.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, March 14th. TheStreet raised Matador Resources from a “c+” rating to a “b-” rating in a report on Wednesday, February 23rd. Royal Bank of Canada raised their target price on Matador Resources from $53.00 to $57.00 and gave the company an “outperform” rating in a research report on Wednesday, February 23rd. Finally, Stifel Nicolaus boosted their price target on Matador Resources from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, February 23rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and an average price target of $58.56.

Matador Resources Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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