Park Avenue Securities LLC Has $297,000 Holdings in Matador Resources (NYSE:MTDR)

Park Avenue Securities LLC trimmed its position in Matador Resources (NYSE:MTDR) by 24.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,010 shares of the energy company’s stock after selling 1,980 shares during the quarter. Park Avenue Securities LLC’s holdings in Matador Resources were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTDR. Covestor Ltd raised its stake in shares of Matador Resources by 121.4% in the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after buying an additional 227 shares in the last quarter. Denver PWM LLC acquired a new position in Matador Resources in the second quarter worth about $27,000. Rise Advisors LLC bought a new position in Matador Resources during the first quarter worth about $34,000. Advisors Asset Management Inc. boosted its holdings in Matador Resources by 191.8% during the first quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock valued at $47,000 after purchasing an additional 466 shares in the last quarter. Finally, Quarry LP boosted its holdings in Matador Resources by 47.5% during the second quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after purchasing an additional 251 shares in the last quarter. 91.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Robert T. Macalik bought 500 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $54.50 per share, with a total value of $27,250.00. Following the completion of the purchase, the chief accounting officer now owns 29,300 shares of the company’s stock, valued at $1,596,850. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Joseph Wm Foran acquired 2,500 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average price of $49.97 per share, for a total transaction of $124,925.00. Following the transaction, the chief executive officer now directly owns 40,251 shares in the company, valued at approximately $2,011,342.47. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Robert T. Macalik acquired 500 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $54.50 per share, for a total transaction of $27,250.00. Following the purchase, the chief accounting officer now directly owns 29,300 shares in the company, valued at $1,596,850. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 12,300 shares of company stock valued at $634,615 over the last three months. Company insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on MTDR shares. Capital One Financial raised Matador Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $84.00 in a research note on Thursday, July 25th. Benchmark reaffirmed a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Wednesday, July 24th. TD Cowen increased their target price on shares of Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their price target on shares of Matador Resources from $83.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Finally, Stephens raised their price objective on shares of Matador Resources from $74.00 to $76.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and a consensus price target of $75.85.

Matador Resources Price Performance

Matador Resources stock opened at $54.75 on Monday. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 7.50 and a beta of 3.26. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 0.41. The business’s 50-day simple moving average is $53.46 and its 200 day simple moving average is $59.22.

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 the consensus estimate of $1.76 by $0.29. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The company had revenue of $847.14 million during the quarter, compared to analysts’ expectations of $822.55 million. During the same quarter in the previous year, the company earned $1.42 EPS. Matador Resources’s revenue was up 32.8% on a year-over-year basis. As a group, research analysts anticipate that Matador Resources will post 7.4 earnings per share for the current year.

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders 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 annualized dividend and a dividend yield of 1.46%. Matador Resources’s dividend payout ratio is currently 10.96%.

Matador Resources Company 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.