Amalgamated Bank Acquires 14,850 Shares of Matador Resources (NYSE:MTDR)

Amalgamated Bank lifted its stake in Matador Resources (NYSE:MTDR) by 25.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,025 shares of the energy company’s stock after buying an additional 14,850 shares during the period. Amalgamated Bank’s holdings in Matador Resources were worth $4,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MTDR. Goldman Sachs Group Inc. lifted its position in shares of Matador Resources by 31.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock valued at $125,435,000 after acquiring an additional 531,504 shares during the period. Element Capital Management LLC bought a new stake in Matador Resources during the first quarter worth about $28,572,000. Public Employees Retirement Association of Colorado grew its stake in Matador Resources by 14,874.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 427,520 shares of the energy company’s stock worth $24,309,000 after buying an additional 424,665 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Matador Resources by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock valued at $282,196,000 after buying an additional 356,506 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Matador Resources by 44.8% in the 4th quarter. Wellington Management Group LLP now owns 1,065,291 shares of the energy company’s stock valued at $60,572,000 after buying an additional 329,522 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

MTDR has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price objective on shares of Matador Resources in a research note on Friday. Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $80.00 to $84.00 in a research note on Thursday, July 25th. Truist Financial dropped their price objective on Matador Resources from $91.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered their target price on Matador Resources from $83.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Finally, Stephens dropped their target price on shares of Matador Resources from $83.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and an average price target of $77.17.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $52.20 on Friday. Matador Resources has a 1 year low of $48.22 and a 1 year high of $71.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82. The firm has a market cap of $6.51 billion, a PE ratio of 7.15 and a beta of 3.27. The company has a 50 day simple moving average of $56.40 and a 200 day simple moving average of $60.75.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.29. The company had revenue of $847.14 million for the quarter, compared to analyst estimates of $822.55 million. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. Matador Resources’s revenue was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 earnings per share. On average, research analysts forecast that Matador Resources will post 7.83 EPS for the current year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.53%. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Insider Activity

In other news, CFO Brian J. Willey bought 1,500 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $50.50 per share, with a total value of $75,750.00. Following the transaction, the chief financial officer now owns 1,500 shares of the company’s stock, valued at approximately $75,750. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other Matador Resources news, CAO Robert T. Macalik purchased 500 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $54.50 per share, for a total transaction of $27,250.00. Following the acquisition, the chief accounting officer now owns 29,300 shares in the company, valued at approximately $1,596,850. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian J. Willey acquired 1,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $50.50 per share, for a total transaction of $75,750.00. Following the completion of the purchase, the chief financial officer now directly owns 1,500 shares in the company, valued at $75,750. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 12,300 shares of company stock valued at $634,615. Company insiders own 6.10% of the company’s stock.

About Matador Resources

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.