Matador Resources Co (MTDR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in shares of Matador Resources Co (NYSE:MTDR) by 35.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,877 shares of the energy company’s stock after selling 10,565 shares during the quarter. Russell Investments Group Ltd.’s holdings in Matador Resources were worth $513,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Matador Resources by 53.9% during the 2nd quarter. BlackRock Inc. now owns 10,186,099 shares of the energy company’s stock worth $217,677,000 after purchasing an additional 3,566,950 shares in the last quarter. Vanguard Group Inc. increased its position in Matador Resources by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 7,302,038 shares of the energy company’s stock worth $156,044,000 after purchasing an additional 241,175 shares in the last quarter. State Street Corp increased its position in Matador Resources by 40.5% during the 2nd quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock worth $101,655,000 after purchasing an additional 1,370,196 shares in the last quarter. Franklin Resources Inc. increased its position in Matador Resources by 1.7% during the 2nd quarter. Franklin Resources Inc. now owns 1,898,989 shares of the energy company’s stock worth $40,581,000 after purchasing an additional 31,342 shares in the last quarter. Finally, Northern Trust Corp increased its position in Matador Resources by 35.4% during the 2nd quarter. Northern Trust Corp now owns 1,502,692 shares of the energy company’s stock worth $32,112,000 after purchasing an additional 393,145 shares in the last quarter. Institutional investors and hedge funds own 85.14% of the company’s stock.

Matador Resources Co (NYSE MTDR) opened at $32.25 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.58. Matador Resources Co has a 12-month low of $20.13 and a 12-month high of $32.35. The stock has a market cap of $3,461.63, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.08 and a beta of 1.15.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. Matador Resources had a net margin of 40.30% and a return on equity of 5.99%. The company had revenue of $126.28 million for the quarter, compared to analyst estimates of $123.62 million. During the same period in the prior year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 42.3% on a year-over-year basis. equities research analysts predict that Matador Resources Co will post 0.66 earnings per share for the current year.

In other news, Director David M. Posner acquired 1,035 shares of Matador Resources stock in a transaction dated Monday, December 4th. The shares were bought at an average cost of $28.92 per share, with a total value of $29,932.20. Following the purchase, the director now owns 6,274 shares in the company, valued at approximately $181,444.08. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 11.90% of the company’s stock.

MTDR has been the subject of a number of research analyst reports. Mizuho set a $28.00 price objective on shares of Matador Resources and gave the stock a “hold” rating in a research report on Saturday, November 25th. Barclays set a $25.00 price objective on shares of Matador Resources and gave the stock a “hold” rating in a research report on Wednesday, October 11th. BidaskClub upgraded shares of Matador Resources from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Scotiabank restated a “buy” rating on shares of Matador Resources in a research report on Tuesday, September 26th. Finally, Imperial Capital upped their price target on shares of Matador Resources from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $30.00.

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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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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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