3,464 Shares in Matador Resources (NYSE:MTDR) Purchased by Verity Asset Management Inc.

Verity Asset Management Inc. acquired a new stake in shares of Matador Resources (NYSE:MTDR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,464 shares of the energy company’s stock, valued at approximately $231,000.

Several other hedge funds have also bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in shares of Matador Resources by 31.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock worth $125,435,000 after purchasing an additional 531,504 shares during the last quarter. Element Capital Management LLC purchased a new position in Matador Resources in the first quarter worth about $28,572,000. Public Employees Retirement Association of Colorado lifted its stake in shares of Matador Resources by 14,874.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 427,520 shares of the energy company’s stock worth $24,309,000 after buying an additional 424,665 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Matador Resources by 44.8% in the fourth quarter. Wellington Management Group LLP now owns 1,065,291 shares of the energy company’s stock worth $60,572,000 after buying an additional 329,522 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Matador Resources by 38.5% during the first quarter. Principal Financial Group Inc. now owns 1,028,997 shares of the energy company’s stock valued at $68,706,000 after buying an additional 285,954 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, EVP Bryan A. Erman bought 1,750 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average cost of $55.90 per share, with a total value of $97,825.00. Following the completion of the acquisition, the executive vice president now owns 1,750 shares in the company, valued at approximately $97,825. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.10% of the company’s stock.

Matador Resources Stock Performance

MTDR traded down $4.56 during trading on Friday, hitting $54.58. The company’s stock had a trading volume of 2,139,530 shares, compared to its average volume of 1,650,792. The firm has a market cap of $6.81 billion, a PE ratio of 7.47 and a beta of 3.29. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 0.41. The business’s 50 day simple moving average is $60.05 and its 200-day simple moving average is $61.47. Matador Resources has a one year low of $51.72 and a one year high of $71.08.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The company had revenue of $847.14 million for the quarter, compared to analysts’ expectations of $822.55 million. During the same quarter in the previous year, the company earned $1.42 EPS. Matador Resources’s revenue for the quarter was up 32.8% on a year-over-year basis. As a group, sell-side analysts predict that Matador Resources will post 7.87 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.47%. Matador Resources’s dividend payout ratio is 10.96%.

Analyst Upgrades and Downgrades

MTDR has been the topic of several analyst reports. Stephens lowered their price objective on Matador Resources from $83.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Truist Financial dropped their price objective on Matador Resources from $91.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $80.00 to $84.00 in a report on Thursday, July 25th. Wolfe Research began coverage on shares of Matador Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, KeyCorp lifted their price target on shares of Matador Resources from $71.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and a consensus target price of $78.17.

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.