SG Americas Securities LLC lowered its position in Matador Resources Company (NYSE:MTDR) by 65.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,249 shares of the energy company’s stock after selling 27,318 shares during the quarter. SG Americas Securities LLC’s holdings in Matador Resources were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in MTDR. FNY Partners Fund LP increased its stake in shares of Matador Resources by 66.7% in the first quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock valued at $118,000 after purchasing an additional 2,000 shares during the period. Dubuque Bank & Trust Co. increased its stake in shares of Matador Resources by 4.0% in the second quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock valued at $152,000 after purchasing an additional 275 shares during the period. Parallel Advisors LLC increased its stake in shares of Matador Resources by 10.8% in the first quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock valued at $153,000 after purchasing an additional 682 shares during the period. LS Investment Advisors LLC acquired a new stake in shares of Matador Resources in the second quarter valued at approximately $155,000. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of Matador Resources in the second quarter valued at approximately $165,000. Institutional investors own 91.96% of the company’s stock.
In related news, Director David M. Posner bought 4,115 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average cost of $24.10 per share, with a total value of $99,171.50. Following the completion of the purchase, the director now owns 6,274 shares in the company, valued at approximately $151,203.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 11.90% of the company’s stock.
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Matador Resources Company (NYSE MTDR) opened at 24.39 on Friday. The stock has a 50 day moving average of $23.61 and a 200 day moving average of $23.02. The company has a market capitalization of $2.45 billion, a PE ratio of 12.60 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 announced its earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.11. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. The company had revenue of $115.90 million during the quarter, compared to the consensus estimate of $112.21 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The company’s revenue was up 65.1% on a year-over-year basis. On average, equities research analysts predict that Matador Resources Company will post $0.49 EPS for the current year.
Several equities research analysts have commented on the stock. Scotiabank set a $26.00 price target on shares of Matador Resources and gave the company a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research lowered shares of Matador Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada set a $29.00 price target on shares of Matador Resources and gave the company a “buy” rating in a research note on Thursday, August 3rd. ValuEngine upgraded shares of Matador Resources from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Bank of America Corporation assumed coverage on shares of Matador Resources in a research note on Wednesday, July 19th. They issued a “neutral” rating and a $26.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Matador Resources presently has an average rating of “Buy” and a consensus price target of $28.63.
Matador Resources Company 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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