34,861 Shares in Matador Resources Company $MTDR Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Matador Resources Company (NYSE:MTDR) in the second quarter, HoldingsChannel.com reports. The firm purchased 34,861 shares of the energy company’s stock, valued at approximately $1,664,000.

Other large investors have also recently bought and sold shares of the company. D.A. Davidson & CO. acquired a new stake in Matador Resources during the 1st quarter worth $263,000. GAMMA Investing LLC boosted its stake in Matador Resources by 42.8% during the 1st quarter. GAMMA Investing LLC now owns 2,698 shares of the energy company’s stock worth $138,000 after purchasing an additional 809 shares during the period. Teacher Retirement System of Texas acquired a new stake in Matador Resources during the 1st quarter worth $885,000. OneDigital Investment Advisors LLC acquired a new stake in Matador Resources during the 1st quarter worth $200,000. Finally, Penserra Capital Management LLC boosted its stake in Matador Resources by 89.9% during the 1st quarter. Penserra Capital Management LLC now owns 15,570 shares of the energy company’s stock worth $795,000 after purchasing an additional 7,369 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen upgraded shares of Matador Resources to a “strong-buy” rating in a research note on Monday, July 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Matador Resources in a research report on Tuesday, October 14th. Morgan Stanley cut their price objective on shares of Matador Resources from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. William Blair began coverage on shares of Matador Resources in a research report on Monday, August 25th. They set an “outperform” rating for the company. Finally, KeyCorp cut their price objective on shares of Matador Resources from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.79.

Insider Activity at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average price of $49.17 per share, for a total transaction of $245,850.00. Following the completion of the acquisition, the chief executive officer owned 6,606 shares of the company’s stock, valued at approximately $324,817.02. This represents a 311.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William Thomas Elsener purchased 600 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was acquired at an average price of $48.46 per share, for a total transaction of $29,076.00. Following the acquisition, the executive vice president directly owned 112,069 shares of the company’s stock, valued at $5,430,863.74. This trade represents a 0.54% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 11,380 shares of company stock worth $549,188. Company insiders own 5.80% of the company’s stock.

Matador Resources Price Performance

MTDR opened at $39.83 on Thursday. The company’s 50 day simple moving average is $46.51 and its 200 day simple moving average is $46.13. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.81 and a current ratio of 0.85. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.04. The stock has a market capitalization of $4.96 billion, a PE ratio of 6.36 and a beta of 1.41.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, October 21st. The energy company reported $1.36 earnings per share (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 14.97%. The business had revenue of $939.02 million for the quarter, compared to analysts’ expectations of $893.22 million. During the same period last year, the company earned $1.89 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 10th will be issued a $0.375 dividend. The ex-dividend date is Monday, November 10th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 annualized dividend and a yield of 3.8%. Matador Resources’s payout ratio is 18.30%.

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.