Ontario Teachers Pension Plan Board Has $1.60 Million Position in Matador Resources (NYSE:MTDR)

Ontario Teachers Pension Plan Board decreased its holdings in shares of Matador Resources (NYSE:MTDR) by 32.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,356 shares of the energy company’s stock after selling 15,838 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Matador Resources were worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd lifted its stake in Matador Resources by 121.4% in the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after acquiring an additional 227 shares during the last quarter. Denver PWM LLC bought a new stake in shares of Matador Resources during the second quarter valued at approximately $27,000. Advisors Asset Management Inc. raised its stake in shares of Matador Resources by 191.8% in the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock valued at $47,000 after buying an additional 466 shares in the last quarter. Quarry LP lifted its stake in Matador Resources by 47.5% during the second quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after purchasing an additional 251 shares during the period. Finally, Avior Wealth Management LLC lifted its position in shares of Matador Resources by 329.0% during the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after buying an additional 635 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Brian J. Willey bought 1,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $50.50 per share, with a total value of $75,750.00. Following the completion of the purchase, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $75,750. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Glenn W. Stetson bought 1,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the completion of the acquisition, the executive vice president now owns 85,935 shares of the company’s stock, valued at $4,411,043.55. The trade was a 1.18 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 11,105 shares of company stock worth $562,306 over the last three months. Corporate insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on MTDR shares. JPMorgan Chase & Co. dropped their price objective on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $80.00 to $84.00 in a report on Thursday, July 25th. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a research note on Wednesday, October 23rd. Wells Fargo & Company cut their target price on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Finally, Truist Financial decreased their price target on Matador Resources from $86.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.92.

Matador Resources Stock Performance

Matador Resources stock opened at $59.19 on Thursday. The company’s 50-day moving average is $53.05 and its two-hundred day moving average is $56.86. The company has a market cap of $7.39 billion, a PE ratio of 7.84 and a beta of 3.26. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.11. The company had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $1.86 earnings per share. Equities analysts anticipate that Matador Resources will post 7.5 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.69%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s dividend payout ratio (DPR) is presently 13.25%.

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.