Public Employees Retirement System of Ohio bought a new stake in shares of Matador Resources Company (NYSE:MTDR – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 35,800 shares of the energy company’s stock, valued at approximately $1,782,000.
Other large investors also recently made changes to their positions in the company. Corient Private Wealth LP acquired a new stake in shares of Matador Resources in the second quarter valued at approximately $605,000. Bank of America Corp DE acquired a new position in shares of Matador Resources during the second quarter worth approximately $42,184,000. Odyssean LLC grew its holdings in Matador Resources by 102.1% in the 2nd quarter. Odyssean LLC now owns 55,001 shares of the energy company’s stock worth $2,738,000 after buying an additional 27,783 shares in the last quarter. Man Group plc bought a new position in Matador Resources in the 2nd quarter worth approximately $350,000. Finally, Jupiter Topco LLC acquired a new stake in Matador Resources in the 2nd quarter valued at approximately $2,599,000. Institutional investors and hedge funds own 91.98% of the company’s stock.
Insider Buying and Selling at Matador Resources
In other Matador Resources news, COO Glenn Stetson bought 500 shares of Matador Resources stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average cost of $53.41 per share, for a total transaction of $26,705.00. Following the completion of the acquisition, the chief operating officer owned 95,470 shares of the company’s stock, valued at approximately $5,099,052.70. This represents a 0.53% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph Foran purchased 555 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was acquired at an average price of $54.49 per share, for a total transaction of $30,241.95. Following the transaction, the chief executive officer owned 4,772 shares of the company’s stock, valued at $260,026.28. The trade was a 13.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 25,644 shares of company stock valued at $1,344,638 over the last quarter. Company insiders own 5.90% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on MTDR
Matador Resources Stock Up 0.3%
Shares of MTDR stock opened at $59.33 on Monday. Matador Resources Company has a 1 year low of $37.14 and a 1 year high of $66.84. The stock has a market cap of $7.34 billion, a PE ratio of 10.18 and a beta of 0.79. The business’s fifty day moving average is $52.94 and its 200-day moving average is $55.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65.
Matador Resources (NYSE:MTDR – Get Free Report) last announced its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.53. The business had revenue of $1.17 billion during 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 company’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the business posted $1.53 earnings per share. Equities analysts expect that Matador Resources Company will post 7.51 earnings per share for the current fiscal year.
Matador Resources Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be issued 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 payout ratio is presently 25.73%.
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.
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