34,861 Shares in Matador Resources Company $MTDR Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Matador Resources Company (NYSE:MTDR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 34,861 shares of the energy company's stock, valued at approximately $1,664,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. bought a new stake in Matador Resources during the 1st quarter valued at $263,000. GAMMA Investing LLC raised its holdings in Matador Resources by 42.8% during the 1st quarter. GAMMA Investing LLC now owns 2,698 shares of the energy company's stock valued at $138,000 after acquiring an additional 809 shares during the period. Teacher Retirement System of Texas bought a new stake in Matador Resources during the 1st quarter valued at $885,000. OneDigital Investment Advisors LLC bought a new stake in Matador Resources during the 1st quarter valued at $200,000. Finally, Penserra Capital Management LLC raised its holdings in Matador Resources by 89.9% during the 1st quarter. Penserra Capital Management LLC now owns 15,570 shares of the energy company's stock valued at $795,000 after acquiring an additional 7,369 shares during the period. Institutional investors own 91.98% of the company's stock.

Insider Activity

In related news, EVP William Thomas Elsener bought 600 shares of the stock in a transaction dated Thursday, September 11th. The stock was acquired at an average price of $48.46 per share, for a total transaction of $29,076.00. Following the acquisition, the executive vice president owned 112,069 shares in the company, valued at approximately $5,430,863.74. This represents a 0.54% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joseph Wm Foran bought 5,000 shares of the stock in a transaction dated 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 acquisition, the chief executive officer owned 6,606 shares in the company, valued at approximately $324,817.02. This represents a 311.33% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 11,380 shares of company stock worth $549,188. Corporate insiders own 5.80% of the company's stock.

Matador Resources Price Performance

Matador Resources stock opened at $39.83 on Thursday. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.04. The company's 50 day simple moving average is $46.51 and its 200-day simple moving average is $46.13. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 6.36 and a beta of 1.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.81 and a current ratio of 0.85.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.97%. The firm had revenue of $939.02 million for the quarter, compared to the consensus estimate of $893.22 million. During the same period in the prior year, the firm earned $1.89 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities research analysts expect that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 10th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, November 10th. This is a positive change from Matador Resources's previous quarterly dividend of $0.31. Matador Resources's dividend payout ratio (DPR) is currently 18.30%.

Analysts Set New Price Targets

MTDR has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of Matador Resources from $49.00 to $48.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Wells Fargo & Company decreased their target price on shares of Matador Resources from $77.00 to $76.00 and set an "overweight" rating for the company in a research note on Monday, October 13th. Raymond James Financial reiterated an "outperform" rating and set a $55.00 target price (down previously from $63.00) on shares of Matador Resources in a research report on Monday. Mizuho cut their price target on shares of Matador Resources from $69.00 to $67.00 and set an "outperform" rating on the stock in a report on Friday, October 10th. Finally, KeyCorp lowered their target price on shares of Matador Resources from $62.00 to $61.00 and set an "overweight" rating for the company in a research note on Wednesday, September 3rd. One investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.79.

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.

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