Nationwide Fund Advisors cut its stake in shares of Matador Resources Co (NYSE:MTDR) by 15.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 204,357 shares of the energy company’s stock after selling 36,504 shares during the quarter. Nationwide Fund Advisors owned approximately 0.20% of Matador Resources worth $5,548,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Matador Resources by 53.9% during the second quarter. BlackRock Inc. now owns 10,186,099 shares of the energy company’s stock valued at $217,677,000 after purchasing an additional 3,566,950 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Matador Resources by 88.5% during the second 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. State Street Corp lifted its position in shares of Matador Resources by 40.5% during the second quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock valued at $101,655,000 after purchasing an additional 1,370,196 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Matador Resources during the second quarter valued at about $16,623,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Matador Resources by 126.3% during the second quarter. Bank of New York Mellon Corp now owns 1,142,808 shares of the energy company’s stock valued at $24,422,000 after purchasing an additional 637,703 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on MTDR shares. Stifel Nicolaus reissued a “buy” rating and set a $33.00 price target on shares of Matador Resources in a research report on Thursday, September 7th. Northland Securities set a $33.00 price target on shares of Matador Resources and gave the company a “buy” rating in a research report on Monday, August 21st. BidaskClub raised shares of Matador Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. BMO Capital Markets set a $29.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, Scotiabank restated a “buy” rating on shares of Matador Resources in a report on Tuesday, September 26th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Matador Resources has a consensus rating of “Buy” and a consensus target price of $29.88.
In other Matador Resources news, Director David M. Posner bought 1,035 shares of Matador Resources stock in a transaction dated Monday, December 4th. The stock was purchased at an average price of $28.92 per share, for a total transaction of $29,932.20. Following the completion of the purchase, the director now directly owns 6,274 shares of the company’s stock, valued at $181,444.08. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.90% of the stock is owned by company insiders.
Matador Resources Co (NYSE:MTDR) traded down $0.15 on Thursday, hitting $27.25. 2,348,400 shares of the stock traded hands, compared to its average volume of 1,544,201. The stock has a market capitalization of $2,971.45, a P/E ratio of 50.74, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. 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 52-week low of $20.13 and a 52-week high of $29.76.
Matador Resources (NYSE:MTDR) last posted its earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.08. The firm had revenue of $126.28 million during the quarter, compared to the consensus estimate of $123.62 million. Matador Resources had a net margin of 40.30% and a return on equity of 5.99%. The company’s revenue was up 42.3% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share. research analysts expect that Matador Resources Co will post 0.63 earnings per share for the current 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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