Public Employees Retirement System of Ohio Invests $1.78 Million in Matador Resources Company $MTDR

Public Employees Retirement System of Ohio purchased a new stake in Matador Resources Company (NYSE:MTDR - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 35,800 shares of the energy company's stock, valued at approximately $1,782,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in shares of Matador Resources by 1,104.8% during the first quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company's stock valued at $103,000 after purchasing an additional 1,845 shares during the period. Geneos Wealth Management Inc. grew its holdings in Matador Resources by 361.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company's stock valued at $45,000 after purchasing an additional 690 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Matador Resources during the 2nd quarter worth $255,000. Arrowstreet Capital Limited Partnership acquired a new position in Matador Resources in the 2nd quarter worth $5,126,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Matador Resources by 767.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company's stock worth $156,000 after buying an additional 2,885 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wells Fargo & Company upgraded Matador Resources from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $79.00 to $77.00 in a research note on Wednesday, September 2nd. Weiss Ratings cut Matador Resources from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday. UBS Group increased their price target on Matador Resources from $54.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Citigroup lowered their price objective on Matador Resources from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. Finally, Seaport Research Partners initiated coverage on Matador Resources in a report on Thursday. They set a "neutral" rating on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Matador Resources has an average rating of "Moderate Buy" and an average price target of $65.93.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $59.33 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 10.18 and a beta of 0.79. Matador Resources Company has a twelve month low of $37.14 and a twelve month high of $66.84. The business has a 50 day simple moving average of $52.94 and a 200-day simple moving average of $55.26.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.53. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.06 billion. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The firm's revenue for the quarter was up 32.5% on a year-over-year basis. During the same period last year, the business posted $1.53 earnings per share. As a group, equities research analysts expect that Matador Resources Company will post 7.51 earnings per share for the current year.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, August 10th. Matador Resources's dividend payout ratio (DPR) is presently 25.73%.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, EVP William Elsener bought 850 shares of the business's stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $50.94 per share, with a total value of $43,299.00. Following the completion of the acquisition, the executive vice president directly owned 114,879 shares of the company's stock, valued at approximately $5,851,936.26. The trade was a 0.75% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Joseph Foran bought 10,000 shares of the firm's stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $52.16 per share, with a total value of $521,600.00. Following the completion of the purchase, the chief executive officer owned 25,617 shares of the company's stock, valued at $1,336,182.72. This trade represents a 64.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 25,644 shares of company stock valued at $1,344,638. Corporate insiders own 5.90% of the company's stock.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador's core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.

Want to see what other hedge funds are holding MTDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Matador Resources Company (NYSE:MTDR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source