State of New Jersey Common Pension Fund D Sells 21,143 Shares of Matador Resources (NYSE:MTDR)

State of New Jersey Common Pension Fund D lessened its stake in shares of Matador Resources (NYSE:MTDR) by 32.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,162 shares of the energy company’s stock after selling 21,143 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Matador Resources were worth $2,632,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Matador Resources by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company’s stock valued at $742,797,000 after acquiring an additional 103,713 shares in the last quarter. Goldman Sachs Group Inc. boosted 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 in the last quarter. Clearbridge Investments LLC boosted its position in shares of Matador Resources by 11.8% in the 1st quarter. Clearbridge Investments LLC now owns 2,035,702 shares of the energy company’s stock worth $135,924,000 after purchasing an additional 215,298 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Matador Resources by 7.3% in the 1st quarter. Wasatch Advisors LP now owns 1,176,802 shares of the energy company’s stock worth $78,575,000 after purchasing an additional 79,920 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Matador Resources by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,104,791 shares of the energy company’s stock worth $73,768,000 after purchasing an additional 53,322 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

Insider Activity at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $55.96 per share, for a total transaction of $111,920.00. Following the purchase, the chief executive officer now directly owns 35,251 shares in the company, valued at $1,972,645.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Matador Resources news, CAO Robert T. Macalik purchased 500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $50.25 per share, for a total transaction of $25,125.00. Following the purchase, the chief accounting officer now directly owns 29,800 shares in the company, valued at $1,497,450. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Wm Foran purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $55.96 per share, with a total value of $111,920.00. Following the purchase, the chief executive officer now owns 35,251 shares in the company, valued at $1,972,645.96. The disclosure for this purchase can be found here. Insiders acquired a total of 12,300 shares of company stock worth $634,615 in the last 90 days. Corporate insiders own 6.10% of the company’s stock.

Matador Resources Stock Performance

NYSE MTDR opened at $51.70 on Thursday. The stock has a 50-day simple moving average of $56.95 and a two-hundred day simple moving average of $60.96. The firm has a market capitalization of $6.45 billion, a P/E ratio of 7.12 and a beta of 3.27. Matador Resources has a fifty-two week low of $48.22 and a fifty-two week high of $71.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.86.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data 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. The business had revenue of $847.14 million during the quarter, compared to analyst estimates of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The company’s revenue was up 32.8% on a year-over-year basis. During the same quarter last year, the business posted $1.42 EPS. On average, equities analysts forecast that Matador Resources will post 7.83 earnings per share for the current year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were paid a $0.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.55%. Matador Resources’s dividend payout ratio is presently 10.96%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MTDR shares. Mizuho lowered their price objective on Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday. TD Cowen raised their price objective on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price objective on shares of Matador Resources in a research report on Thursday, July 25th. Benchmark reaffirmed a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research report on Wednesday, July 24th. Finally, Stephens lowered their price target on Matador Resources from $83.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.17.

Matador Resources 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.