Teachers Advisors LLC lessened its position in shares of Matador Resources Company (NYSE:MTDR) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,387,197 shares of the energy company’s stock after selling 48,935 shares during the quarter. Teachers Advisors LLC owned approximately 3.38% of Matador Resources worth $72,384,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. FNY Partners Fund LP grew its holdings in shares of Matador Resources by 66.7% during the 1st quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock worth $118,000 after purchasing an additional 2,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Matador Resources during the 1st quarter worth approximately $120,000. Parallel Advisors LLC grew its holdings in shares of Matador Resources by 10.8% during the 1st quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock worth $153,000 after purchasing an additional 682 shares in the last quarter. Dubuque Bank & Trust Co. grew its holdings in shares of Matador Resources by 4.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after purchasing an additional 275 shares in the last quarter. Finally, LS Investment Advisors LLC acquired a new stake in shares of Matador Resources during the 2nd quarter worth approximately $155,000. 91.96% of the stock is currently owned by institutional investors.
Matador Resources Company (MTDR) opened at 23.92 on Friday. The firm has a 50-day moving average price of $23.62 and a 200 day moving average price of $23.02. The company has a market cap of $2.40 billion, a P/E ratio of 12.36 and a beta of 1.23. Matador Resources Company has a 12 month low of $19.99 and a 12 month high of $28.51.
Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The firm had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $112.21 million. During the same period in the prior year, the company earned ($0.01) earnings per share. The company’s quarterly revenue was up 65.1% on a year-over-year basis. On average, equities analysts expect that Matador Resources Company will post $0.49 earnings per share for the current year.
In other Matador Resources news, Director David M. Posner bought 4,115 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was purchased at an average cost of $24.10 per share, for a total transaction of $99,171.50. Following the completion of the purchase, the director now directly owns 6,274 shares of the company’s stock, valued at $151,203.40. The acquisition was disclosed in a filing with the SEC, which is available at this link. 11.90% of the stock is owned by corporate insiders.
Several analysts have recently weighed in on MTDR shares. Credit Suisse Group started coverage on Matador Resources in a report on Thursday, June 1st. They set an “outperform” rating and a $34.00 price objective on the stock. BMO Capital Markets set a $23.00 price objective on Matador Resources and gave the stock a “buy” rating in a report on Monday, June 26th. Zacks Investment Research lowered Matador Resources from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. Northland Securities set a $33.00 price objective on Matador Resources and gave the stock a “buy” rating in a report on Monday, August 21st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $33.00 price objective on shares of Matador Resources in a report on Thursday, September 7th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $28.63.
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Matador Resources Profile
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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