Texas Permanent School Fund Corp Grows Stock Holdings in Matador Resources Company $MTDR

Texas Permanent School Fund Corp grew its position in shares of Matador Resources Company (NYSE:MTDR) by 39.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,396 shares of the energy company’s stock after acquiring an additional 37,464 shares during the period. Texas Permanent School Fund Corp owned about 0.11% of Matador Resources worth $6,318,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MTDR. NBC Securities Inc. lifted its holdings in Matador Resources by 113.4% in the 2nd quarter. NBC Securities Inc. now owns 15,896 shares of the energy company’s stock worth $758,000 after buying an additional 8,447 shares during the period. Dark Forest Capital Management LP raised its holdings in shares of Matador Resources by 267.7% during the first quarter. Dark Forest Capital Management LP now owns 78,319 shares of the energy company’s stock valued at $4,001,000 after acquiring an additional 57,019 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Matador Resources by 13.3% during the first quarter. Royal Bank of Canada now owns 439,972 shares of the energy company’s stock valued at $22,478,000 after acquiring an additional 51,499 shares in the last quarter. Synovus Financial Corp lifted its stake in Matador Resources by 25.4% in the first quarter. Synovus Financial Corp now owns 28,979 shares of the energy company’s stock worth $1,481,000 after acquiring an additional 5,876 shares during the period. Finally, LSV Asset Management boosted its holdings in Matador Resources by 45.7% in the second quarter. LSV Asset Management now owns 3,334,775 shares of the energy company’s stock valued at $159,135,000 after acquiring an additional 1,045,396 shares in the last quarter. 91.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MTDR has been the subject of several research reports. Mizuho upped their price objective on shares of Matador Resources from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Raymond James Financial reiterated an “outperform” rating and set a $55.00 price target (down previously from $63.00) on shares of Matador Resources in a research report on Monday, October 20th. Wells Fargo & Company lowered their price objective on shares of Matador Resources from $71.00 to $61.00 and set an “overweight” rating for the company in a report on Friday, October 24th. William Blair initiated coverage on Matador Resources in a research report on Monday, August 25th. They set an “outperform” rating on the stock. Finally, UBS Group increased their target price on Matador Resources from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.33.

Matador Resources Trading Down 4.3%

Shares of NYSE MTDR opened at $41.36 on Wednesday. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69. The firm has a 50-day moving average of $41.76 and a 200 day moving average of $46.13. The stock has a market cap of $5.14 billion, a P/E ratio of 6.61 and a beta of 1.11.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The business had revenue of $939.02 million for the quarter, compared to analysts’ expectations of $893.22 million. During the same quarter in the prior year, the company earned $1.89 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 10th were given a dividend of $0.375 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.50 dividend on an annualized basis and a yield of 3.6%. Matador Resources’s dividend payout ratio is 23.96%.

Insider Buying and Selling at Matador Resources

In related news, Director Shelley F. Appel bought 1,784 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were acquired at an average cost of $39.85 per share, with a total value of $71,092.40. Following the completion of the acquisition, the director owned 1,784 shares of the company’s stock, valued at $71,092.40. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Christopher P. Calvert bought 2,500 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of $39.44 per share, for a total transaction of $98,600.00. Following the completion of the purchase, the chief operating officer owned 40,000 shares of the company’s stock, valued at approximately $1,577,600. The trade was a 6.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 37,346 shares of company stock valued at $1,463,396 in the last ninety days. Corporate insiders own 5.80% of the company’s stock.

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.