California Public Employees Retirement System Sells 10,389 Shares of Matador Resources (NYSE:MTDR)

California Public Employees Retirement System cut its position in shares of Matador Resources (NYSE:MTDR) by 4.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 199,530 shares of the energy company’s stock after selling 10,389 shares during the period. California Public Employees Retirement System’s holdings in Matador Resources were worth $11,226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTDR. EverSource Wealth Advisors LLC grew its stake in shares of Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after acquiring an additional 256 shares in the last quarter. TCTC Holdings LLC boosted its holdings in Matador Resources by 53.8% during the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after purchasing an additional 207 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock valued at $33,000 after buying an additional 453 shares during the last quarter. Finally, Denver PWM LLC boosted its stake in shares of Matador Resources by 67.2% during the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock worth $37,000 after buying an additional 303 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insider Buying and Selling

In other news, Director Timothy E. Parker acquired 2,000 shares of Matador Resources stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $44.67 per share, for a total transaction of $89,340.00. Following the completion of the purchase, the director now directly owns 83,790 shares of the company’s stock, valued at approximately $3,742,899.30. This represents a 2.45 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul W. Harvey purchased 600 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average price of $55.20 per share, for a total transaction of $33,120.00. Following the transaction, the director now directly owns 27,917 shares in the company, valued at $1,541,018.40. This represents a 2.20 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 21,350 shares of company stock valued at $1,100,769. 6.10% of the stock is owned by company insiders.

Matador Resources Stock Down 14.3 %

Matador Resources stock opened at $38.21 on Friday. Matador Resources has a twelve month low of $37.98 and a twelve month high of $71.08. The stock has a market cap of $4.78 billion, a P/E ratio of 5.35 and a beta of 3.17. The company’s 50-day moving average price is $52.76 and its two-hundred day moving average price is $54.78. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. As a group, analysts expect that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.3125 dividend. The ex-dividend date was Friday, February 28th. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a dividend yield of 3.27%. Matador Resources’s dividend payout ratio is 17.51%.

Analysts Set New Price Targets

A number of analysts recently issued reports on MTDR shares. Mizuho lowered their target price on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Raymond James dropped their price objective on Matador Resources from $77.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Benchmark reissued a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Wells Fargo & Company cut their price target on shares of Matador Resources from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, March 25th. Finally, Morgan Stanley decreased their price objective on shares of Matador Resources from $84.00 to $68.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $73.79.

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.