Amalgamated Bank Has $4.35 Million Stock Position in Matador Resources (NYSE:MTDR)

Amalgamated Bank raised its holdings in shares of Matador Resources (NYSE:MTDR) by 25.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,025 shares of the energy company’s stock after purchasing an additional 14,850 shares during the period. Amalgamated Bank owned 0.06% of Matador Resources worth $4,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Denver PWM LLC bought a new position in shares of Matador Resources in the 2nd quarter worth $27,000. Covestor Ltd boosted its holdings in Matador Resources by 121.4% during the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after buying an additional 227 shares during the last quarter. Rise Advisors LLC acquired a new position in shares of Matador Resources during the 1st quarter worth about $34,000. Lindbrook Capital LLC boosted its stake in Matador Resources by 84.3% during the 1st quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock worth $40,000 after acquiring an additional 273 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Matador Resources by 191.8% during the first quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock valued at $47,000 after purchasing an additional 466 shares during the period. Institutional investors own 91.98% of the company’s stock.

Insider Activity at Matador Resources

In other news, CEO Joseph Wm Foran purchased 2,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost 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 approximately $1,972,645.96. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Robert T. Macalik acquired 500 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $50.25 per share, for a total transaction of $25,125.00. Following the completion of the transaction, the chief accounting officer now directly owns 29,800 shares of the company’s stock, valued at approximately $1,497,450. The transaction 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 Matador Resources stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $55.96 per share, with a total value of $111,920.00. Following the completion of the purchase, the chief executive officer now directly owns 35,251 shares in the company, valued at $1,972,645.96. The disclosure for this purchase can be found here. Over the last three months, insiders bought 12,300 shares of company stock valued at $634,615. 6.10% of the stock is owned by corporate insiders.

Matador Resources Price Performance

Matador Resources stock opened at $52.20 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41. Matador Resources has a 1-year low of $48.22 and a 1-year high of $71.08. The company has a fifty day simple moving average of $56.40 and a 200 day simple moving average of $60.75. The company has a market cap of $6.51 billion, a P/E ratio of 7.15 and a beta of 3.27.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The business had revenue of $847.14 million for the quarter, compared to the consensus estimate of $822.55 million. During the same quarter in the previous year, the business earned $1.42 earnings per share. Matador Resources’s quarterly revenue was up 32.8% on a year-over-year basis. Research analysts anticipate that Matador Resources will post 7.83 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Thursday, August 15th. Matador Resources’s payout ratio is presently 10.96%.

Analyst Upgrades and Downgrades

MTDR has been the topic of several analyst reports. Stephens cut their target price on shares of Matador Resources from $83.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Wells Fargo & Company lifted their target price on Matador Resources from $88.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $80.00 to $84.00 in a report on Thursday, July 25th. TD Cowen increased their target price on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Truist Financial cut their price target on shares of Matador Resources from $91.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and a consensus price target of $77.17.

About Matador Resources

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.