Cannell Peter B & Co. Inc. lowered its holdings in shares of Matador Resources Co (NYSE:MTDR) by 87.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,575 shares of the energy company’s stock after selling 446,500 shares during the quarter. Cannell Peter B & Co. Inc. owned 0.06% of Matador Resources worth $1,808,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp boosted its holdings 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 valued at $101,655,000 after acquiring an additional 1,370,196 shares during the period. Principal Financial Group Inc. raised its position in Matador Resources by 3,072.3% during the 2nd quarter. Principal Financial Group Inc. now owns 398,282 shares of the energy company’s stock valued at $8,511,000 after purchasing an additional 385,727 shares in the last quarter. TD Asset Management Inc. raised its position in Matador Resources by 2.5% during the 2nd quarter. TD Asset Management Inc. now owns 36,200 shares of the energy company’s stock valued at $774,000 after purchasing an additional 897 shares in the last quarter. Northpointe Capital LLC raised its position in Matador Resources by 9.7% during the 3rd quarter. Northpointe Capital LLC now owns 400,228 shares of the energy company’s stock valued at $10,866,000 after purchasing an additional 35,248 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in Matador Resources by 88.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 4,959,286 shares of the energy company’s stock valued at $105,980,000 after purchasing an additional 2,328,250 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.
In other Matador Resources news, Director David M. Posner bought 1,035 shares of Matador Resources stock in a transaction that occurred on 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 transaction, the director now directly owns 6,274 shares of the company’s stock, valued at approximately $181,444.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.90% of the company’s stock.
MTDR has been the subject of a number of research analyst reports. Zacks Investment Research lowered Matador Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. BMO Capital Markets set a $26.00 target price on Matador Resources and gave the company a “buy” rating in a research report on Saturday, August 12th. Northland Securities set a $33.00 target price on Matador Resources and gave the company a “buy” rating in a research report on Monday, August 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 target price on shares of Matador Resources in a research report on Thursday, September 7th. Finally, BidaskClub lowered Matador Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.00.
Matador Resources Co (NYSE:MTDR) traded up $0.70 on Thursday, hitting $27.85. The stock had a trading volume of 1,253,667 shares, compared to its average volume of 1,540,712. The company has a market cap of $3,024.59, a price-to-earnings ratio of 51.65, a price-to-earnings-growth ratio of 1.37 and a beta of 1.16. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.58. Matador Resources Co has a 52-week low of $20.13 and a 52-week high of $29.76.
Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.08. The firm had revenue of $126.28 million during the quarter, compared to analyst estimates of $123.62 million. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The business’s revenue for the quarter was up 42.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. research analysts forecast that Matador Resources Co will post 0.63 earnings per share for the current fiscal year.
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About Matador Resources
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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