Public Employees Retirement Association of Colorado Sells 686 Shares of Matador Resources (NYSE:MTDR)

Public Employees Retirement Association of Colorado lessened its position in Matador Resources (NYSE:MTDR) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 423,725 shares of the energy company’s stock after selling 686 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.34% of Matador Resources worth $25,254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in shares of Matador Resources by 31.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock worth $125,435,000 after purchasing an additional 531,504 shares during the period. Element Capital Management LLC acquired a new stake in Matador Resources in the 1st quarter valued at approximately $28,572,000. Dimensional Fund Advisors LP increased its position in Matador Resources by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock worth $282,196,000 after buying an additional 356,506 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Matador Resources by 44.8% during the fourth quarter. Wellington Management Group LLP now owns 1,065,291 shares of the energy company’s stock worth $60,572,000 after buying an additional 329,522 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Matador Resources in the second quarter valued at approximately $18,747,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insider Buying and Selling at Matador Resources

In other news, Director Robert Gaines Baty acquired 500 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $50.58 per share, with a total value of $25,290.00. Following the completion of the acquisition, the director now owns 67,617 shares in the company, valued at approximately $3,420,067.86. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Matador Resources news, Director Robert Gaines Baty bought 500 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were bought at an average price of $50.58 per share, for a total transaction of $25,290.00. Following the completion of the acquisition, the director now owns 67,617 shares of the company’s stock, valued at $3,420,067.86. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joseph Wm Foran bought 2,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was acquired 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 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 have bought a total of 12,300 shares of company stock worth $634,615 over the last ninety days. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

MTDR has been the topic of a number of research reports. 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. TD Cowen boosted their price objective on shares of Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their target price on shares of Matador Resources from $83.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Wolfe Research initiated coverage on Matador Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Mizuho cut their price target on Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.17.

Matador Resources Stock Performance

MTDR 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. The firm has a market cap of $6.51 billion, a P/E ratio of 7.15 and a beta of 3.27. Matador Resources has a 1-year low of $48.22 and a 1-year high of $71.08. The business’s 50 day moving average is $56.40 and its 200-day moving average is $60.76.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.29. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The firm 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. The business’s revenue for the quarter was up 32.8% compared to the same quarter last year. Equities analysts anticipate that Matador Resources will post 7.83 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

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

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.