American International Group Inc. Has $13.46 Million Stock Holdings in Matador Resources (NYSE:MTDR)

American International Group Inc. cut its stake in shares of Matador Resources (NYSE:MTDR) by 1.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 201,635 shares of the energy company’s stock after selling 3,478 shares during the period. American International Group Inc. owned approximately 0.16% of Matador Resources worth $13,463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bessemer Group Inc. raised its position in shares of Matador Resources by 7.1% during the first quarter. Bessemer Group Inc. now owns 283,272 shares of the energy company’s stock worth $18,914,000 after purchasing an additional 18,770 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Matador Resources by 11.8% during the first quarter. Clearbridge Investments LLC now owns 2,035,702 shares of the energy company’s stock valued at $135,924,000 after buying an additional 215,298 shares in the last quarter. Covestor Ltd grew its holdings in shares of Matador Resources by 121.4% during the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after buying an additional 227 shares in the last quarter. Cynosure Group LLC purchased a new position in shares of Matador Resources during the first quarter valued at $322,000. Finally, Vanguard Group Inc. grew its holdings in shares of Matador Resources by 0.9% during the first quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company’s stock valued at $742,797,000 after buying an additional 103,713 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Matador Resources

In related news, EVP Bryan A. Erman purchased 1,750 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were bought at an average price of $55.90 per share, with a total value of $97,825.00. Following the purchase, the executive vice president now directly owns 1,750 shares in the company, valued at approximately $97,825. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MTDR shares. Stephens lowered their price target on Matador Resources from $83.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday. Mizuho boosted their target price on Matador Resources from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, June 14th. TD Cowen boosted their target price on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday. Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $80.00 to $84.00 in a research note on Thursday. Finally, Truist Financial decreased their price target on Matador Resources from $91.00 to $86.00 and set a “buy” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

Matador Resources Trading Up 0.8 %

MTDR traded up $0.49 during mid-day trading on Thursday, reaching $62.17. The stock had a trading volume of 868,234 shares, compared to its average volume of 1,527,403. The stock has a market capitalization of $7.76 billion, a P/E ratio of 8.48 and a beta of 3.29. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 0.89. The firm’s fifty day simple moving average is $60.27 and its two-hundred day simple moving average is $61.29. Matador Resources has a 52 week low of $51.72 and a 52 week high of $71.08.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29. The firm had revenue of $847.14 million for the quarter, compared to analyst estimates of $822.55 million. Matador Resources had a return on equity of 21.93% and a net margin of 29.01%. The business’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same period last year, the company earned $1.42 EPS. On average, equities analysts predict that Matador Resources will post 7.88 EPS for the current year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.29%. Matador Resources’s payout ratio is 10.96%.

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.