115,113 Shares in Matador Resources Company $MTDR Acquired by Strs Ohio

Strs Ohio bought a new position in shares of Matador Resources Company (NYSE:MTDR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 115,113 shares of the energy company’s stock, valued at approximately $5,881,000. Strs Ohio owned approximately 0.09% of Matador Resources as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. raised its stake in 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 acquiring an additional 690 shares in the last quarter. Integrity Alliance LLC. increased its stake in Matador Resources by 17.0% in the first quarter. Integrity Alliance LLC. now owns 6,552 shares of the energy company’s stock valued at $335,000 after purchasing an additional 953 shares during the period. Bayforest Capital Ltd increased its stake in Matador Resources by 35.6% in the first quarter. Bayforest Capital Ltd now owns 1,858 shares of the energy company’s stock valued at $95,000 after purchasing an additional 488 shares during the period. United Services Automobile Association acquired a new position in Matador Resources in the first quarter valued at $383,000. Finally, Jones Financial Companies Lllp increased its stake in Matador Resources by 1,104.8% in the first quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock valued at $103,000 after purchasing an additional 1,845 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Matador Resources

In other news, CEO Joseph Wm Foran acquired 5,000 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was acquired at an average price of $49.17 per share, with a total value of $245,850.00. Following the completion of the transaction, the chief executive officer directly owned 6,606 shares in the company, valued at approximately $324,817.02. This represents a 311.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.80% of the stock is currently owned by corporate insiders.

Matador Resources Stock Down 1.8%

Shares of NYSE MTDR opened at $47.72 on Monday. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $64.04. The company has a market capitalization of $5.94 billion, a PE ratio of 6.99 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81. The firm’s 50-day moving average is $49.23 and its two-hundred day moving average is $46.86.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.24. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The company had revenue of $895.31 million for the quarter, compared to the consensus estimate of $892.86 million. During the same quarter in the prior year, the firm earned $2.05 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts anticipate that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 15th. Matador Resources’s payout ratio is currently 18.30%.

Analyst Ratings Changes

A number of research firms have commented on MTDR. Morgan Stanley lifted their price objective on shares of Matador Resources from $60.00 to $62.00 and gave the company an “equal weight” rating in a research note on Monday, August 18th. KeyCorp lowered their target price on shares of Matador Resources from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. Bank of America assumed coverage on shares of Matador Resources in a report on Monday, May 19th. They issued a “buy” rating and a $56.00 target price on the stock. William Blair assumed coverage on shares of Matador Resources in a report on Monday, August 25th. They issued an “outperform” rating on the stock. Finally, UBS Group lowered their target price on shares of Matador Resources from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.53.

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.