Mutual of America Capital Management LLC Purchases 424 Shares of Matador Resources (NYSE:MTDR)

Mutual of America Capital Management LLC lifted its position in Matador Resources (NYSE:MTDR) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,440 shares of the energy company’s stock after buying an additional 424 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Matador Resources worth $3,960,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MTDR. Essex Investment Management Co. LLC boosted its position in Matador Resources by 0.5% during the first quarter. Essex Investment Management Co. LLC now owns 37,532 shares of the energy company’s stock worth $2,506,000 after purchasing an additional 169 shares during the period. Securian Asset Management Inc. boosted its position in Matador Resources by 1.9% during the second quarter. Securian Asset Management Inc. now owns 9,255 shares of the energy company’s stock worth $552,000 after purchasing an additional 170 shares during the period. Raymond James Trust N.A. boosted its position in Matador Resources by 3.6% during the second quarter. Raymond James Trust N.A. now owns 5,714 shares of the energy company’s stock worth $341,000 after purchasing an additional 198 shares during the period. Covestor Ltd boosted its position 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 purchasing an additional 227 shares during the period. Finally, Fifth Third Bancorp boosted its position in Matador Resources by 16.6% during the second quarter. Fifth Third Bancorp now owns 1,709 shares of the energy company’s stock worth $102,000 after purchasing an additional 243 shares during the period. Institutional investors own 91.98% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Bryan A. Erman acquired 1,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $50.35 per share, for a total transaction of $50,350.00. Following the completion of the purchase, the executive vice president now directly owns 2,750 shares of the company’s stock, valued at approximately $138,462.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Bryan A. Erman acquired 1,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $50.35 per share, for a total transaction of $50,350.00. Following the completion of the purchase, the executive vice president now directly owns 2,750 shares of the company’s stock, valued at approximately $138,462.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joseph Wm Foran bought 2,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $55.96 per share, for a total transaction of $111,920.00. Following the acquisition, the chief executive officer now directly owns 35,251 shares of the company’s stock, valued at approximately $1,972,645.96. The disclosure for this purchase can be found here. Insiders purchased 12,300 shares of company stock worth $634,615 over the last three months. 6.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Matador Resources in a research report on Friday. Capital One Financial raised Matador Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $80.00 to $84.00 in a research report on Thursday, July 25th. Wolfe Research assumed coverage on Matador Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. reduced their price objective on Matador Resources from $83.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Finally, Mizuho reduced their price objective on Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.17.

Matador Resources Stock Performance

Shares of NYSE MTDR opened at $52.20 on Monday. The business has a fifty day simple moving average of $56.40 and a 200 day simple moving average of $60.73. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 7.15 and a beta of 3.27. Matador Resources has a one year low of $48.22 and a one year high of $71.08.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, July 23rd. The energy company reported $2.05 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 during the quarter, compared to analyst estimates of $822.55 million. During the same period in the prior year, the company posted $1.42 earnings per share. Matador Resources’s revenue was up 32.8% on a year-over-year basis. Sell-side analysts expect that Matador Resources will post 7.83 EPS for the current year.

Matador Resources Dividend Announcement

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

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.