California Public Employees Retirement System Acquires 37,476 Shares of Matador Resources Company $MTDR

California Public Employees Retirement System lifted its holdings in Matador Resources Company (NYSE:MTDR) by 17.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,670 shares of the energy company’s stock after buying an additional 37,476 shares during the quarter. California Public Employees Retirement System’s holdings in Matador Resources were worth $16,090,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in Matador Resources during the first quarter worth about $27,000. Kestra Investment Management LLC increased its position in Matador Resources by 225.2% during the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after buying an additional 358 shares in the last quarter. Center for Financial Planning Inc. purchased a new position in Matador Resources during the first quarter valued at $41,000. Measured Wealth Private Client Group LLC purchased a new position in Matador Resources during the third quarter valued at $35,000. Finally, Geneos Wealth Management Inc. raised its stake in Matador Resources by 361.3% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after buying an additional 690 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Performance

Shares of NYSE MTDR opened at $51.69 on Friday. Matador Resources Company has a 12-month low of $37.14 and a 12-month high of $66.84. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 13.29 and a beta of 0.74. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $53.28 and a 200 day moving average of $53.22.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.29. The business had revenue of $941.60 million for the quarter, compared to the consensus estimate of $871.57 million. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The company’s quarterly revenue was down 33.8% on a year-over-year basis. During the same period last year, the firm earned $1.99 earnings per share. On average, research analysts anticipate that Matador Resources Company will post 6.84 earnings per share for the current year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, August 10th. Matador Resources’s dividend payout ratio is 38.56%.

Key Headlines Impacting Matador Resources

Here are the key news stories impacting Matador Resources this week:

• Positive Sentiment: Matador announced strategic Delaware Basin acquisitions and reported successful Woodford exploration well results, which could improve its long-term production profile and reserve base. Matador Resources Company Announces Strategic Delaware Basin Acquisitions and Successful Woodford Exploration Well Results
• Positive Sentiment: The company declared a quarterly cash dividend of $0.375 per share, reinforcing shareholder returns and signaling confidence in ongoing cash generation. Matador Resources Declares Quarterly Cash Dividend Announcement
• Neutral Sentiment: Analyst coverage remains mixed, with headlines noting conflicting sentiment across the sector and different opinions on Matador’s outlook. Analysts Have Conflicting Sentiments on These Energy Companies: Matador Resources (MTDR), Yancoal Australia (OtherYACAF) and APA (APA)
• Neutral Sentiment: Wells Fargo maintained a Hold view on Matador Resources, suggesting analysts are waiting for more clarity on execution and valuation. Matador Resources (MTDR) Gets a Hold from Wells Fargo
• Negative Sentiment: Matador agreed to acquire Paloma Permian for roughly $1.275 billion in cash, a large transaction that may pressure near-term leverage even as it expands the asset base. Matador Resources to buy Paloma Permian for $1.3 billion
• Negative Sentiment: UBS issued a pessimistic forecast for MTDR, and Citigroup lowered its price target to $68, adding to the cautious tone around the stock. UBS Group Issues Pessimistic Forecast for Matador Resources (NYSE:MTDR) Stock Price Citigroup Lowers Matador Resources (NYSE:MTDR) Price Target to $68.00

Analyst Upgrades and Downgrades

MTDR has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on Matador Resources from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Roth Capital raised Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Monday, June 22nd. Morgan Stanley dropped their price target on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Monday, June 29th. Weiss Ratings downgraded shares of Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Finally, Citigroup reduced their price objective on shares of Matador Resources from $72.00 to $68.00 and set a “buy” rating for the company in a research note on Monday. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.08.

Insider Buying and Selling

In related news, CEO Joseph Wm Foran bought 4,675 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of $52.36 per share, with a total value of $244,783.00. Following the acquisition, the chief executive officer owned 6,997 shares in the company, valued at $366,362.92. This trade represents a 201.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Glenn W. Stetson bought 500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were bought at an average price of $53.41 per share, for a total transaction of $26,705.00. Following the completion of the transaction, the chief operating officer directly owned 95,470 shares of the company’s stock, valued at $5,099,052.70. This represents a 0.53% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 11,907 shares of company stock valued at $635,712. 5.90% of the stock is owned by company insiders.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.