Treasurer of the State of North Carolina Buys 18,020 Shares of Matador Resources (NYSE:MTDR)

Treasurer of the State of North Carolina increased its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,700 shares of the energy company's stock after purchasing an additional 18,020 shares during the quarter. Treasurer of the State of North Carolina owned approximately 0.07% of Matador Resources worth $5,215,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MTDR. EverSource Wealth Advisors LLC grew its holdings in 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 during the last quarter. TCTC Holdings LLC grew its stake in shares of Matador Resources by 53.8% in 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 increased its holdings 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 during the period. SRS Capital Advisors Inc. raised its position in Matador Resources by 359.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock worth $33,000 after purchasing an additional 453 shares during the last quarter. Finally, Denver PWM LLC lifted its holdings in 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 period. Institutional investors own 91.98% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MTDR shares. Stephens cut their price objective on Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Raymond James lowered their target price on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Truist Financial upped their price target on shares of Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Finally, Wells Fargo & Company lowered their price objective on Matador Resources from $87.00 to $86.00 and set an "overweight" rating for the company in a research report on Thursday. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Matador Resources currently has an average rating of "Moderate Buy" and a consensus target price of $73.29.

Insider Buying and Selling at Matador Resources

In other news, CEO Joseph Wm Foran bought 6,000 shares of the stock in a transaction on Friday, February 21st. The shares were acquired at an average cost of $53.94 per share, for a total transaction of $323,640.00. Following the purchase, the chief executive officer now directly owns 39,379 shares of the company's stock, valued at $2,124,103.26. This trade represents a 17.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robert T. Macalik purchased 1,200 shares of Matador Resources stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $47.98 per share, with a total value of $57,576.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,000 shares in the company, valued at approximately $1,487,380. This represents a 4.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 21,350 shares of company stock valued at $1,100,769. Company insiders own 6.10% of the company's stock.

Matador Resources Stock Up 3.3 %

Shares of NYSE:MTDR traded up $1.31 during midday trading on Friday, hitting $41.44. 2,576,932 shares of the company's stock were exchanged, compared to its average volume of 1,555,146. The company has a market cap of $5.19 billion, a PE ratio of 5.80 and a beta of 2.74. Matador Resources has a 12 month low of $35.19 and a 12 month high of $67.51. The stock has a 50 day moving average price of $48.21 and a 200-day moving average price of $53.80. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $967.10 million. On average, sell-side analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 annualized dividend and a yield of 3.02%. Matador Resources's payout ratio is 17.51%.

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.