Matador Resources (NYSE:MTDR) Holdings Lowered by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lessened its stake in shares of Matador Resources (NYSE:MTDR) by 49.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,202 shares of the energy company’s stock after selling 16,154 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Matador Resources were worth $912,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MTDR. TCTC Holdings LLC grew its holdings in shares of Matador Resources by 53.8% during the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after buying an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after acquiring an additional 207 shares during the period. Atria Investments Inc grew its stake 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 acquiring an additional 249 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after purchasing an additional 256 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of Matador Resources by 0.8% in the fourth quarter. Arizona State Retirement System now owns 34,413 shares of the energy company’s stock worth $1,936,000 after purchasing an additional 280 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Stock Performance

NYSE:MTDR opened at $40.15 on Thursday. The firm has a market capitalization of $5.03 billion, a PE ratio of 5.62 and a beta of 2.74. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Matador Resources has a 1 year low of $35.19 and a 1 year high of $67.51. The firm’s fifty day simple moving average is $48.92 and its 200 day simple moving average is $53.92.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. On average, sell-side analysts anticipate that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.11%. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

Insider Activity

In related news, CEO Joseph Wm Foran acquired 6,000 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of $53.94 per share, with a total value of $323,640.00. Following the completion of the transaction, the chief executive officer now owns 39,379 shares of the company’s stock, valued at approximately $2,124,103.26. This represents a 17.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul W. Harvey bought 600 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost of $55.20 per share, for a total transaction of $33,120.00. Following the completion of the transaction, the director now owns 27,917 shares of the company’s stock, valued at $1,541,018.40. This represents a 2.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 21,350 shares of company stock valued at $1,100,769. 6.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Matador Resources from $65.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Royal Bank of Canada cut their price objective on Matador Resources from $70.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Raymond James lowered their target price on Matador Resources from $77.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. TD Cowen raised their price target on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Truist Financial increased their price objective on Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.36.

Matador Resources 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.