Matador Resources (NYSE:MTDR) Position Reduced by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its stake in shares of Matador Resources (NYSE:MTDR) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,266 shares of the energy company’s stock after selling 2,212 shares during the period. Public Employees Retirement System of Ohio’s holdings in Matador Resources were worth $2,336,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MTDR. Denver PWM LLC acquired a new position in Matador Resources in the second quarter worth about $27,000. True Wealth Design LLC bought a new position in Matador Resources during the 3rd quarter worth approximately $37,000. Avior Wealth Management LLC grew its position in shares of Matador Resources by 329.0% in the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after acquiring an additional 635 shares in the last quarter. Quarry LP increased its holdings in shares of Matador Resources by 47.5% in the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after acquiring an additional 251 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Matador Resources by 154.8% during the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock valued at $52,000 after acquiring an additional 644 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

Insider Buying and Selling

In other Matador Resources news, EVP William Thomas Elsener bought 800 shares of Matador Resources stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the acquisition, the executive vice president now directly owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Glenn W. Stetson purchased 1,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the acquisition, the executive vice president now directly owns 85,935 shares of the company’s stock, valued at $4,411,043.55. This represents a 1.18 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 4,285 shares of company stock valued at $232,849. 6.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MTDR has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research note on Wednesday, October 23rd. KeyCorp dropped their price objective on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. JPMorgan Chase & Co. decreased their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Mizuho cut their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Truist Financial lowered their price objective on Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.31.

Matador Resources Stock Down 0.9 %

NYSE MTDR opened at $55.69 on Wednesday. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The company has a market capitalization of $6.95 billion, a P/E ratio of 7.38 and a beta of 3.26. The company’s 50 day simple moving average is $55.53 and its 200 day simple moving average is $56.27. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.11. The company had revenue of $770.20 million for the quarter, compared to analysts’ expectations of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 earnings per share. Equities research analysts expect that Matador Resources will post 7.49 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a $0.25 dividend. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.80%. Matador Resources’s dividend payout ratio (DPR) is 13.25%.

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.