Amalgamated Bank Sells 17,469 Shares of Matador Resources (NYSE:MTDR)

Amalgamated Bank trimmed its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 23.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,556 shares of the energy company's stock after selling 17,469 shares during the quarter. Amalgamated Bank's holdings in Matador Resources were worth $2,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of MTDR. Denver PWM LLC bought a new stake in shares of Matador Resources during the 2nd quarter worth $27,000. Covestor Ltd grew its holdings in Matador Resources by 121.4% during 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. Quarry LP grew its holdings in Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company's stock valued at $46,000 after buying an additional 251 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Matador Resources by 191.8% during the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company's stock valued at $47,000 after buying an additional 466 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Matador Resources by 28.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,403 shares of the energy company's stock valued at $69,000 after buying an additional 313 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Price Performance

MTDR traded up $0.68 during midday trading on Monday, hitting $57.26. The stock had a trading volume of 1,349,841 shares, compared to its average volume of 1,538,558. The company has a market cap of $7.14 billion, a P/E ratio of 7.58 and a beta of 3.26. The business has a fifty day moving average of $52.02 and a 200 day moving average of $57.06. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The firm had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business's revenue was up 9.8% on a year-over-year basis. As a group, equities analysts forecast that Matador Resources will post 7.45 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.75%. This is an increase from Matador Resources's previous quarterly dividend of $0.20. Matador Resources's payout ratio is presently 10.60%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MTDR shares. Benchmark reaffirmed a "buy" rating and set a $62.00 target price on shares of Matador Resources in a report on Wednesday, October 23rd. Truist Financial reduced their target price on Matador Resources from $86.00 to $75.00 and set a "buy" rating for the company in a report on Monday, September 30th. Stephens boosted their price objective on Matador Resources from $76.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Mizuho cut their price objective on Matador Resources from $85.00 to $74.00 and set an "outperform" rating for the company in a report on Monday, September 16th. Finally, TD Cowen boosted their price objective on Matador Resources from $85.00 to $87.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Matador Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.92.

Insider Buying and Selling at Matador Resources

In related news, CAO Robert T. Macalik acquired 500 shares of the stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $50.25 per share, for a total transaction of $25,125.00. Following the completion of the transaction, the chief accounting officer now owns 29,800 shares of the company's stock, valued at $1,497,450. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Matador Resources news, CAO Robert T. Macalik bought 500 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $50.25 per share, for a total transaction of $25,125.00. Following the completion of the acquisition, the chief accounting officer now directly owns 29,800 shares in the company, valued at $1,497,450. The trade was 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 hyperlink. Also, CEO Joseph Wm Foran bought 2,500 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $51.47 per share, with a total value of $128,675.00. Following the acquisition, the chief executive officer now owns 37,751 shares of the company's stock, valued at $1,943,043.97. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 11,105 shares of company stock worth $562,306. 6.10% of the stock is currently owned by insiders.

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.