Mutual of America Capital Management LLC Has $4.30 Million Stock Position in Matador Resources (NYSE:MTDR)

Posted by Defense World Staff on Aug 5th, 2023

Mutual of America Capital Management LLC lowered its position in shares of Matador Resources (NYSE:MTDR – Free Report) by 2.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,292 shares of the energy company’s stock after selling 1,894 shares during the quarter. Mutual of America Capital Management LLC owned about 0.08% of Matador Resources worth $4,302,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Shaker Investments LLC OH raised its stake in Matador Resources by 1.1% in the fourth quarter. Shaker Investments LLC OH now owns 16,190 shares of the energy company’s stock valued at $927,000 after purchasing an additional 182 shares in the last quarter. Metropolitan Life Insurance Co NY raised its stake in Matador Resources by 2.9% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 6,910 shares of the energy company’s stock valued at $396,000 after purchasing an additional 197 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Matador Resources by 46.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock valued at $42,000 after purchasing an additional 242 shares in the last quarter. US Bancorp DE raised its stake in Matador Resources by 2.1% in the first quarter. US Bancorp DE now owns 11,991 shares of the energy company’s stock valued at $635,000 after purchasing an additional 246 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Matador Resources by 12.3% in the fourth quarter. Signaturefd LLC now owns 2,288 shares of the energy company’s stock valued at $131,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 85.29% of the company’s stock.

Insider Activity at Matador Resources

In related news, CEO Joseph Wm Foran bought 652 shares of Matador Resources stock in a transaction that occurred on Thursday, June 1st. The shares were acquired at an average cost of $44.40 per share, for a total transaction of $28,948.80. Following the completion of the acquisition, the chief executive officer now directly owns 176,120 shares of the company’s stock, valued at approximately $7,819,728. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.00% of the stock is currently owned by company insiders.

Matador Resources Stock Performance

NYSE:MTDR opened at $58.38 on Friday. The stock has a market cap of $6.96 billion, a P/E ratio of 7.62 and a beta of 3.54. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61. The stock’s 50-day moving average is $51.74 and its 200-day moving average is $52.35. Matador Resources has a 1-year low of $42.04 and a 1-year high of $73.78.

Matador Resources (NYSE:MTDR – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The energy company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.12). Matador Resources had a return on equity of 27.40% and a net margin of 33.46%. The firm had revenue of $638.20 million for the quarter, compared to the consensus estimate of $636.91 million. During the same quarter last year, the firm posted $3.47 earnings per share. The business’s revenue for the quarter was down 32.4% on a year-over-year basis. Equities research analysts anticipate that Matador Resources will post 6.1 earnings per share for the current year.

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, August 10th. Matador Resources’s payout ratio is presently 7.83%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. KeyCorp boosted their price target on Matador Resources from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, July 27th. Benchmark reiterated a “buy” rating and issued a $71.00 target price on shares of Matador Resources in a research report on Friday, July 21st. JPMorgan Chase & Co. lifted their target price on Matador Resources from $73.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, April 14th. Truist Financial lifted their target price on Matador Resources from $70.00 to $76.00 in a research report on Thursday, July 27th. Finally, Raymond James lifted their target price on Matador Resources from $61.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and an average target price of $70.56.

Matador Resources Company Profile

(Free Report)

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.