Earnest Partners LLC purchased a new stake in Matador Resources Co (NYSE:MTDR) in the 2nd quarter, Holdings Channel reports. The firm purchased 3,259,974 shares of the energy company’s stock, valued at approximately $64,808,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its position in Matador Resources by 1.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 41,430 shares of the energy company’s stock valued at $801,000 after acquiring an additional 565 shares in the last quarter. Connors Investor Services Inc. lifted its position in Matador Resources by 1.1% in the 1st quarter. Connors Investor Services Inc. now owns 63,185 shares of the energy company’s stock valued at $1,221,000 after acquiring an additional 678 shares in the last quarter. Value Holdings Management CO. LLC lifted its position in Matador Resources by 0.3% in the 1st quarter. Value Holdings Management CO. LLC now owns 215,500 shares of the energy company’s stock valued at $4,165,000 after acquiring an additional 700 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Matador Resources by 1.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 50,675 shares of the energy company’s stock valued at $1,007,000 after acquiring an additional 770 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its position in Matador Resources by 1.6% in the 1st quarter. Mason Street Advisors LLC now owns 55,084 shares of the energy company’s stock valued at $1,065,000 after acquiring an additional 851 shares in the last quarter. 95.15% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently commented on the stock. Wells Fargo & Co set a $33.00 price objective on shares of Matador Resources and gave the company a “hold” rating in a research report on Thursday, July 11th. ValuEngine raised shares of Matador Resources from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. raised shares of Matador Resources from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $28.00 to $26.00 in a research report on Friday, June 7th. MKM Partners raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, May 28th. Finally, Stifel Nicolaus set a $24.00 price target on shares of Matador Resources and gave the stock a “buy” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $30.46.
In other news, Director Timothy E. Parker acquired 3,584 shares of the stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of $13.94 per share, for a total transaction of $49,960.96. Following the purchase, the director now directly owns 24,151 shares of the company’s stock, valued at $336,664.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradley M. Robinson acquired 2,000 shares of the stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $15.34 per share, for a total transaction of $30,680.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 28,734 shares of company stock worth $419,588 over the last three months. Insiders own 6.90% of the company’s stock.
Shares of NYSE:MTDR opened at $16.48 on Friday. The company’s 50-day moving average price is $15.71 and its two-hundred day moving average price is $18.05. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.81 and a quick ratio of 0.75. Matador Resources Co has a one year low of $13.42 and a one year high of $34.90. The stock has a market capitalization of $1.92 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.87 and a beta of 2.00.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.19 by $0.11. Matador Resources had a net margin of 19.10% and a return on equity of 8.71%. The firm had revenue of $241.70 million for the quarter, compared to analysts’ expectations of $210.42 million. During the same period in the previous year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, analysts anticipate that Matador Resources Co will post 1.07 earnings per share for the current fiscal year.
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 in 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.
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