Arizona State Retirement System Grows Position in Matador Resources (NYSE:MTDR)

Arizona State Retirement System increased its position in Matador Resources (NYSE:MTDR) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,413 shares of the energy company’s stock after buying an additional 280 shares during the quarter. Arizona State Retirement System’s holdings in Matador Resources were worth $1,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTDR. Proficio Capital Partners LLC bought a new stake in Matador Resources in the 4th quarter worth $5,085,000. M&T Bank Corp grew its stake in shares of Matador Resources by 7.7% in the fourth quarter. M&T Bank Corp now owns 11,234 shares of the energy company’s stock worth $632,000 after purchasing an additional 808 shares during the last quarter. Atria Investments Inc increased its holdings in Matador Resources by 3.1% during the 4th quarter. Atria Investments Inc now owns 8,188 shares of the energy company’s stock valued at $461,000 after purchasing an additional 249 shares during the period. Charles Schwab Investment Management Inc. raised its position in Matador Resources by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,491,570 shares of the energy company’s stock valued at $83,916,000 after purchasing an additional 56,644 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after buying an additional 453 shares during the period. 91.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Matador Resources news, Director Timothy E. Parker bought 2,000 shares of Matador Resources stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $44.67 per share, with a total value of $89,340.00. Following the acquisition, the director now owns 83,790 shares in the company, valued at approximately $3,742,899.30. This trade represents a 2.45 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William Thomas Elsener acquired 800 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the transaction, the executive vice president now owns 102,964 shares of the company’s stock, valued at $5,827,762.40. This trade represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 21,530 shares of company stock worth $1,119,092 in the last quarter. Corporate insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MTDR. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a research note on Friday, January 3rd. Raymond James reduced their price objective on shares of Matador Resources from $77.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday. Stephens upped their price objective on shares of Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their target price on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and a consensus price target of $74.60.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $47.03 on Wednesday. The company has a 50 day simple moving average of $56.82 and a two-hundred day simple moving average of $55.19. Matador Resources has a fifty-two week low of $43.89 and a fifty-two week high of $71.08. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 6.59 and a beta of 3.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The company had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Analysts expect that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Friday, February 28th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is currently 17.51%.

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.