Louisiana State Employees Retirement System Purchases 300 Shares of Matador Resources Company $MTDR

Louisiana State Employees Retirement System increased its position in Matador Resources Company (NYSE:MTDR) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,800 shares of the energy company’s stock after purchasing an additional 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Matador Resources were worth $1,565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. bought a new stake in Matador Resources during the 1st quarter valued at $263,000. GAMMA Investing LLC boosted its position in Matador Resources by 42.8% during the 1st quarter. GAMMA Investing LLC now owns 2,698 shares of the energy company’s stock valued at $138,000 after acquiring an additional 809 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Matador Resources during the 1st quarter valued at $885,000. OneDigital Investment Advisors LLC bought a new stake in Matador Resources during the 1st quarter valued at $200,000. Finally, Penserra Capital Management LLC boosted its position in Matador Resources by 89.9% during the 1st quarter. Penserra Capital Management LLC now owns 15,570 shares of the energy company’s stock valued at $795,000 after acquiring an additional 7,369 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

Analysts Set New Price Targets

MTDR has been the topic of several recent research reports. William Blair initiated coverage on Matador Resources in a research report on Monday, August 25th. They set an “outperform” rating on the stock. Royal Bank Of Canada increased their target price on Matador Resources from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. KeyCorp dropped their target price on Matador Resources from $62.00 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. UBS Group lowered their price objective on Matador Resources from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. Finally, Morgan Stanley raised their price objective on Matador Resources from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and a consensus price target of $66.36.

Insider Buying and Selling

In other news, COO Christopher P. Calvert bought 1,000 shares of Matador Resources stock in a transaction that occurred on Friday, September 12th. The stock was bought at an average price of $47.77 per share, for a total transaction of $47,770.00. Following the purchase, the chief operating officer directly owned 37,500 shares of the company’s stock, valued at approximately $1,791,375. The trade was a 2.74% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William Thomas Elsener bought 600 shares of Matador Resources stock in a transaction that occurred on Thursday, September 11th. The stock was purchased at an average price of $48.46 per share, with a total value of $29,076.00. Following the purchase, the executive vice president directly owned 112,069 shares in the company, valued at $5,430,863.74. The trade was a 0.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 11,380 shares of company stock worth $549,188 in the last 90 days. Insiders own 5.80% of the company’s stock.

Matador Resources Stock Performance

Shares of MTDR stock opened at $42.17 on Monday. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 6.17 and a beta of 1.41. 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 business has a fifty day moving average of $47.19 and a 200 day moving average of $46.39. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.04.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.24. The company had revenue of $895.31 million during the quarter, compared to analyst estimates of $892.86 million. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $2.05 EPS. As a group, research analysts expect that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $0.3125 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.25 dividend on an annualized basis and a yield of 3.0%. Matador Resources’s dividend payout ratio (DPR) is 18.30%.

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.