Matador Resources Company $MTDR Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in Matador Resources Company (NYSE:MTDR) by 8.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 123,532 shares of the energy company’s stock after selling 11,744 shares during the period. New York State Teachers Retirement System owned about 0.10% of Matador Resources worth $5,550,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Forum Financial Management LP purchased a new stake in Matador Resources in the third quarter valued at approximately $239,000. SG Americas Securities LLC boosted its position in shares of Matador Resources by 52.9% during the third quarter. SG Americas Securities LLC now owns 22,691 shares of the energy company’s stock worth $1,020,000 after buying an additional 7,847 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of Matador Resources by 64.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,100,805 shares of the energy company’s stock valued at $49,459,000 after buying an additional 431,010 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Matador Resources by 4.4% in the 3rd quarter. CWA Asset Management Group LLC now owns 19,076 shares of the energy company’s stock valued at $857,000 after buying an additional 797 shares during the period. Finally, Sivia Capital Partners LLC raised its holdings in shares of Matador Resources by 5.4% in the 3rd quarter. Sivia Capital Partners LLC now owns 5,625 shares of the energy company’s stock valued at $253,000 after buying an additional 290 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Up 0.1%

Shares of NYSE:MTDR opened at $42.82 on Friday. The firm’s 50 day moving average price is $42.22 and its 200 day moving average price is $45.16. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 6.84 and a beta of 1.09. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $63.99. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 0.55.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, October 21st. The energy company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The company had revenue of $939.02 million during the quarter, compared to analysts’ expectations of $893.22 million. During the same quarter in the previous year, the business posted $1.89 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts predict that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MTDR shares. Morgan Stanley lowered their target price on Matador Resources from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Raymond James Financial reissued an “outperform” rating and issued a $55.00 price objective (down previously from $63.00) on shares of Matador Resources in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Matador Resources in a report on Friday, January 9th. KeyCorp reaffirmed an “overweight” rating on shares of Matador Resources in a research note on Friday, December 19th. Finally, Bank of America reduced their target price on shares of Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.91.

Insider Activity

In other Matador Resources news, EVP Robert T. Macalik bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $38.25 per share, with a total value of $57,375.00. Following the completion of the acquisition, the executive vice president directly owned 35,039 shares of the company’s stock, valued at $1,340,241.75. This represents a 4.47% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan M. Ward purchased 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $39.04 per share, for a total transaction of $195,200.00. Following the completion of the purchase, the director owned 14,923 shares of the company’s stock, valued at $582,593.92. This represents a 50.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 37,346 shares of company stock valued at $1,463,396. Insiders own 5.80% of the company’s stock.

Matador Resources Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.