Matador Resources Company $MTDR Stock: Commons Capital LLC Reduces Position

Commons Capital LLC decreased its stake in shares of Matador Resources Company (NYSE:MTDR) by 49.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,000 shares of the energy company’s stock after selling 9,834 shares during the period. Commons Capital LLC’s holdings in Matador Resources were worth $516,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MTDR. Alpha Wealth Funds LLC bought a new stake in Matador Resources during the third quarter valued at $304,000. Maryland State Retirement & Pension System grew its holdings in shares of Matador Resources by 17.8% during the 3rd quarter. Maryland State Retirement & Pension System now owns 6,798 shares of the energy company’s stock valued at $351,000 after purchasing an additional 1,025 shares during the last quarter. Keybank National Association OH raised its position in Matador Resources by 9.6% in the 3rd quarter. Keybank National Association OH now owns 8,596 shares of the energy company’s stock worth $443,000 after purchasing an additional 755 shares during the period. AlphaCore Capital LLC purchased a new position in Matador Resources in the 3rd quarter worth $449,000. Finally, Ethic Inc. purchased a new position in shares of Matador Resources in the third quarter worth about $395,000. 91.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Matador Resources news, Director Paul W. Harvey purchased 500 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were acquired at an average cost of $52.72 per share, with a total value of $26,360.00. Following the completion of the acquisition, the director directly owned 33,121 shares in the company, valued at $1,746,139.12. The trade was a 1.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joseph Foran purchased 5,000 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average cost of $51.36 per share, for a total transaction of $256,800.00. Following the completion of the acquisition, the chief executive officer owned 9,772 shares in the company, valued at $501,889.92. This represents a 104.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 14,705 shares of company stock worth $772,016 in the last ninety days. Corporate insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MTDR shares. Weiss Ratings lowered shares of Matador Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, November 4th. Stifel Nicolaus began coverage on Matador Resources in a research report on Thursday, September 10th. They set a “buy” rating and a $66.00 price objective for the company. Stephens boosted their price objective on shares of Matador Resources from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Truist Financial lifted their target price on shares of Matador Resources from $65.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Finally, Wells Fargo & Company dropped their price target on shares of Matador Resources from $77.00 to $76.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 14th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and an average price target of $68.50.

Matador Resources Stock Performance

MTDR stock opened at $52.10 on Thursday. The company has a market cap of $6.45 billion, a P/E ratio of 8.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.55 and a quick ratio of 0.53. The stock’s fifty day moving average price is $55.78 and its 200-day moving average price is $54.62. Matador Resources Company has a 1 year low of $39.55 and a 1 year high of $66.84.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, November 3rd. The energy company reported $2.08 EPS for the quarter, beating the consensus estimate of $1.85 by $0.23. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.12 billion. Matador Resources had a net margin of 18.60% and a return on equity of 14.32%. The business’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.36 EPS. On average, equities analysts forecast that Matador Resources Company will post 8.34 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.4375 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.3750. This represents a $1.75 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, November 10th. Matador Resources’s dividend payout ratio is presently 30.17%.

Matador Resources Profile

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas. Its operations are focused primarily on the Delaware Basin in southeastern New Mexico and West Texas. Alongside its exploration and production business, Matador provides midstream services through its subsidiary San Mateo Midstream. These activities include gathering and processing natural gas and handling produced water, supporting the company’s operations and serving other producers in the region.