Texas Permanent School Fund Corp Purchases 13,171 Shares of Matador Resources (NYSE:MTDR)

Texas Permanent School Fund Corp boosted its position in Matador Resources (NYSE:MTDR) by 13.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,138 shares of the energy company’s stock after purchasing an additional 13,171 shares during the period. Texas Permanent School Fund Corp owned about 0.09% of Matador Resources worth $6,564,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MTDR. Denver PWM LLC purchased a new position in shares of Matador Resources in the second quarter worth approximately $27,000. Covestor Ltd raised its position in Matador Resources by 121.4% in the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after acquiring an additional 227 shares during the period. Rise Advisors LLC purchased a new position in shares of Matador Resources during the 1st quarter worth $34,000. Lindbrook Capital LLC grew its position in shares of Matador Resources by 84.3% during the 1st quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock valued at $40,000 after acquiring an additional 273 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Matador Resources by 191.8% in the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock worth $47,000 after purchasing an additional 466 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on MTDR shares. Wolfe Research began coverage on Matador Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Truist Financial lowered their price objective on Matador Resources from $91.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $80.00 to $84.00 in a report on Thursday, July 25th. Mizuho lifted their price target on shares of Matador Resources from $83.00 to $85.00 and gave the company a “buy” rating in a report on Friday, June 14th. Finally, Wells Fargo & Company increased their price objective on shares of Matador Resources from $88.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.17.

Matador Resources Stock Performance

MTDR opened at $49.49 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 6.78 and a beta of 3.27. The company has a fifty day moving average of $57.64 and a 200 day moving average of $61.32. Matador Resources has a fifty-two week low of $48.22 and a fifty-two week high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29. The firm had revenue of $847.14 million during the quarter, compared to analyst estimates of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The business’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.42 earnings per share. As a group, sell-side analysts forecast that Matador Resources will post 7.83 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.62%. Matador Resources’s dividend payout ratio (DPR) is 10.96%.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran purchased 2,000 shares of Matador Resources stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $55.96 per share, for a total transaction of $111,920.00. Following the completion of the transaction, the chief executive officer now owns 35,251 shares of the company’s stock, valued at approximately $1,972,645.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Christopher P. Calvert bought 1,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were purchased at an average price of $50.30 per share, with a total value of $50,300.00. Following the transaction, the chief operating officer now owns 32,700 shares in the company, valued at approximately $1,644,810. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joseph Wm Foran purchased 2,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average price of $55.96 per share, with a total value of $111,920.00. Following the completion of the transaction, the chief executive officer now owns 35,251 shares of the company’s stock, valued at $1,972,645.96. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 13,550 shares of company stock worth $707,150. 6.10% of the stock is currently owned by insiders.

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.