New York State Teachers Retirement System Sells 2,000 Shares of Matador Resources (NYSE:MTDR)

New York State Teachers Retirement System cut its holdings in Matador Resources (NYSE:MTDR) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 117,260 shares of the energy company’s stock after selling 2,000 shares during the quarter. New York State Teachers Retirement System’s holdings in Matador Resources were worth $6,667,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust lifted its holdings in shares of Matador Resources by 82.0% in the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in Matador Resources during the fourth quarter valued at $34,000. McGlone Suttner Wealth Management Inc. bought a new stake in Matador Resources in the 4th quarter valued at $35,000. Money Concepts Capital Corp lifted its stake in Matador Resources by 202.6% in the 4th quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock worth $39,000 after purchasing an additional 462 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Matador Resources by 46.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock valued at $42,000 after purchasing an additional 242 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Down 1.5 %

Shares of MTDR opened at $68.54 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. Matador Resources has a 52-week low of $42.04 and a 52-week high of $71.08. The company has a market cap of $8.19 billion, a PE ratio of 9.72 and a beta of 3.32. The business has a fifty day moving average of $63.55 and a 200 day moving average of $59.69.

Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.05). The firm had revenue of $836.13 million during the quarter, compared to the consensus estimate of $842.96 million. Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. Matador Resources’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.08 EPS. On average, sell-side analysts expect that Matador Resources will post 6.88 EPS for the current year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, February 23rd were given a dividend of $0.20 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.17%. Matador Resources’s dividend payout ratio (DPR) is presently 11.35%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MTDR shares. Wells Fargo & Company lifted their target price on Matador Resources from $73.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a research note on Tuesday, March 5th. TD Cowen increased their target price on Matador Resources from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Mizuho boosted their price target on shares of Matador Resources from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Benchmark lowered their price objective on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.50.

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.