Paloma Partners Management Co lifted its position in Matador Resources Co (NYSE:MTDR) by 146.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,674 shares of the energy company’s stock after purchasing an additional 34,253 shares during the period. Paloma Partners Management Co owned about 0.05% of Matador Resources worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisor Group Inc. lifted its stake in shares of Matador Resources by 164.4% in the 3rd quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock valued at $119,000 after purchasing an additional 2,727 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Matador Resources by 36.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock valued at $187,000 after purchasing an additional 1,617 shares during the period. Strs Ohio lifted its stake in shares of Matador Resources by 125.9% in the 4th quarter. Strs Ohio now owns 6,100 shares of the energy company’s stock valued at $189,000 after purchasing an additional 3,400 shares during the period. Creative Planning acquired a new position in shares of Matador Resources in the 4th quarter valued at $201,000. Finally, Driehaus Capital Management LLC acquired a new position in shares of Matador Resources in the 4th quarter valued at $202,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.
MTDR has been the subject of several analyst reports. Royal Bank of Canada set a $32.00 target price on shares of Matador Resources and gave the company a “buy” rating in a research note on Wednesday, December 20th. Northland Securities set a $35.00 target price on shares of Matador Resources and gave the company a “buy” rating in a research note on Wednesday, March 7th. ValuEngine upgraded shares of Matador Resources from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Imperial Capital boosted their target price on shares of Matador Resources from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, Johnson Rice began coverage on shares of Matador Resources in a research note on Wednesday, March 21st. They issued a “buy” rating and a $38.00 target price for the company. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $33.50.
Shares of NYSE MTDR opened at $27.60 on Friday. The firm has a market capitalization of $3,134.34, a P/E ratio of 38.33, a P/E/G ratio of 0.82 and a beta of 1.21. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. Matador Resources Co has a one year low of $20.13 and a one year high of $33.96.
Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, February 21st. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Matador Resources had a net margin of 22.64% and a return on equity of 7.11%. The business had revenue of $168.40 million during the quarter, compared to analyst estimates of $148.89 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. equities research analysts expect that Matador Resources Co will post 1.26 earnings per share for the current year.
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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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