Boston Trust Walden Corp Grows Stock Holdings in Matador Resources Company $MTDR

Boston Trust Walden Corp increased its holdings in shares of Matador Resources Company (NYSE:MTDR) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,140,901 shares of the energy company’s stock after purchasing an additional 65,290 shares during the period. Boston Trust Walden Corp owned approximately 0.91% of Matador Resources worth $54,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MTDR. Concurrent Investment Advisors LLC lifted its holdings in shares of Matador Resources by 0.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 55,482 shares of the energy company’s stock valued at $2,835,000 after buying an additional 244 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Matador Resources by 93.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock valued at $26,000 after acquiring an additional 267 shares during the period. State of Michigan Retirement System boosted its position in Matador Resources by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 27,800 shares of the energy company’s stock worth $1,420,000 after purchasing an additional 300 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Matador Resources by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the energy company’s stock worth $1,660,000 after purchasing an additional 300 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Matador Resources by 11.3% during the 2nd quarter. Signaturefd LLC now owns 3,032 shares of the energy company’s stock valued at $145,000 after purchasing an additional 308 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $43.46 on Tuesday. Matador Resources Company has a 52 week low of $35.19 and a 52 week high of $64.04. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 6.36 and a beta of 1.41. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. The firm has a 50-day simple moving average of $47.10 and a 200-day simple moving average of $46.34.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.24. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.The business had revenue of $895.31 million during the quarter, compared to analyst estimates of $892.86 million. During the same period in the prior year, the business earned $2.05 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. On average, equities analysts predict that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group dropped their price target on shares of Matador Resources from $49.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 20th. William Blair initiated coverage on Matador Resources in a report on Monday, August 25th. They issued an “outperform” rating for the company. Royal Bank Of Canada raised their price objective on Matador Resources from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Wells Fargo & Company dropped their price target on shares of Matador Resources from $77.00 to $76.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Mizuho decreased their price objective on shares of Matador Resources from $69.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.50.

Insider Buying and Selling

In other Matador Resources news, CEO Joseph Wm Foran bought 5,000 shares of the business’s stock in a transaction on Friday, August 1st. The stock was bought at an average price of $49.17 per share, with a total value of $245,850.00. Following the completion of the purchase, the chief executive officer directly owned 6,606 shares in the company, valued at $324,817.02. The trade was a 311.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Christopher P. Calvert bought 1,000 shares of Matador Resources stock in a transaction on Friday, September 12th. The stock was acquired at an average price of $47.77 per share, for a total transaction of $47,770.00. Following the transaction, the chief operating officer directly owned 37,500 shares of the company’s stock, valued at approximately $1,791,375. This trade represents a 2.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 11,380 shares of company stock worth $549,188. Company 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.