Swiss National Bank Decreases Stake in Matador Resources (NYSE:MTDR)

Posted by Defense World Staff on Aug 25th, 2023

Swiss National Bank decreased its stake in shares of Matador Resources (NYSE:MTDR – Free Report) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 255,102 shares of the energy company’s stock after selling 30,100 shares during the period. Swiss National Bank owned about 0.21% of Matador Resources worth $12,156,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Shaker Investments LLC OH increased its stake in shares of Matador Resources by 1.1% during the fourth quarter. Shaker Investments LLC OH now owns 16,190 shares of the energy company’s stock valued at $927,000 after acquiring an additional 182 shares during the period. Metropolitan Life Insurance Co NY boosted its holdings in Matador Resources by 2.9% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 6,910 shares of the energy company’s stock worth $396,000 after buying an additional 197 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Matador Resources by 46.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock worth $42,000 after buying an additional 242 shares in the last quarter. US Bancorp DE boosted its holdings in Matador Resources by 2.1% during the first quarter. US Bancorp DE now owns 11,991 shares of the energy company’s stock worth $635,000 after buying an additional 246 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in Matador Resources by 3.5% during the first quarter. Evergreen Capital Management LLC now owns 8,189 shares of the energy company’s stock worth $434,000 after buying an additional 276 shares in the last quarter. Institutional investors and hedge funds own 85.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Truist Financial raised their price objective on shares of Matador Resources from $70.00 to $76.00 in a research note on Thursday, July 27th. Royal Bank of Canada decreased their price objective on shares of Matador Resources from $74.00 to $70.00 in a research note on Wednesday, July 12th. Benchmark reaffirmed a “buy” rating and issued a $71.00 price objective on shares of Matador Resources in a research note on Friday, July 21st. StockNews.com initiated coverage on shares of Matador Resources in a research note on Thursday, August 17th. They issued a “sell” rating for the company. Finally, Raymond James raised their price target on shares of Matador Resources from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. Based on data from MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and an average target price of $71.89.

Get Our Latest Stock Analysis on Matador Resources

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran purchased 652 shares of Matador Resources stock in a transaction 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 transaction, the chief executive officer now directly owns 176,120 shares of the company’s stock, valued at $7,819,728. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.00% of the company’s stock.

Matador Resources Stock Down 1.3 %

Matador Resources stock opened at $59.97 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.88 and a current ratio of 0.92. Matador Resources has a 52-week low of $42.04 and a 52-week high of $73.78. The firm has a 50 day moving average price of $54.84 and a two-hundred day moving average price of $51.98. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 7.83 and a beta of 3.54.

Matador Resources (NYSE:MTDR – Get Free Report) last announced its quarterly earnings results on Tuesday, July 25th. The energy company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.12). Matador Resources had a net margin of 33.46% and a return on equity of 27.40%. The business 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 EPS. The business’s revenue for the quarter was down 32.4% compared to the same quarter last year. Equities analysts predict that Matador Resources will post 6.21 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, August 10th. Matador Resources’s dividend payout ratio (DPR) is presently 7.83%.

Matador Resources 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.