Thrivent Financial for Lutherans Sells 10,868 Shares of Matador Resources (NYSE:MTDR)

Thrivent Financial for Lutherans lowered its holdings in Matador Resources (NYSE:MTDR) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 979,651 shares of the energy company’s stock after selling 10,868 shares during the period. Thrivent Financial for Lutherans owned approximately 0.79% of Matador Resources worth $58,387,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MTDR. Goldman Sachs Group Inc. increased its stake in 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 valued at $125,435,000 after acquiring an additional 531,504 shares during the last quarter. Element Capital Management LLC bought a new position in shares of Matador Resources during the 1st quarter valued at about $28,572,000. Public Employees Retirement Association of Colorado raised its holdings in shares of Matador Resources by 14,874.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 427,520 shares of the energy company’s stock valued at $24,309,000 after buying an additional 424,665 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 last quarter. Finally, Wellington Management Group LLP boosted its stake in Matador Resources by 44.8% in 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 in the last quarter. Institutional investors own 91.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MTDR shares. Wells Fargo & Company lifted their price target 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. Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $80.00 to $84.00 in a research note on Thursday, July 25th. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a research note on Wednesday, July 24th. Mizuho lowered their target price on Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Finally, Wolfe Research began coverage on Matador Resources in a report on Thursday, July 18th. They set a “peer perform” rating for the company. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.17.

Insider Activity at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran acquired 2,000 shares of the business’s stock in a transaction on 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 completion of the acquisition, the chief executive officer now owns 35,251 shares in the company, valued at $1,972,645.96. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Robert Gaines Baty acquired 500 shares of Matador Resources stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of $50.58 per share, for a total transaction of $25,290.00. Following the purchase, the director now owns 67,617 shares in the company, valued at $3,420,067.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Wm Foran purchased 2,000 shares of Matador Resources stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 35,251 shares of the company’s stock, valued at $1,972,645.96. The disclosure for this purchase can be found here. Insiders acquired a total of 12,300 shares of company stock valued at $634,615 in the last three months. Company insiders own 6.10% of the company’s stock.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $52.20 on Monday. The company’s 50-day moving average is $56.40 and its 200 day moving average is $60.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82. The stock has a market capitalization 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.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.29. The company had revenue of $847.14 million for 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 firm’s revenue was up 32.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 earnings per share. On average, sell-side analysts expect that Matador Resources will post 7.83 earnings per share for the current year.

Matador Resources Dividend Announcement

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