Castleark Management LLC raised its holdings in Matador Resources (NYSE:MTDR) by 55.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 539,020 shares of the energy company’s stock after acquiring an additional 192,925 shares during the period. Castleark Management LLC owned approximately 0.50% of Matador Resources worth $16,780,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in MTDR. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 worth $187,000 after buying an additional 1,617 shares during the last quarter. Amalgamated Bank raised its stake in Matador Resources by 14.8% during the fourth quarter. Amalgamated Bank now owns 14,163 shares of the energy company’s stock valued at $441,000 after buying an additional 1,829 shares during the last quarter. Fortaleza Asset Management Inc. raised its stake in Matador Resources by 40.9% during the fourth quarter. Fortaleza Asset Management Inc. now owns 8,645 shares of the energy company’s stock valued at $269,000 after buying an additional 2,510 shares during the last quarter. California Public Employees Retirement System raised its stake in Matador Resources by 0.9% during the third quarter. California Public Employees Retirement System now owns 302,500 shares of the energy company’s stock valued at $8,213,000 after buying an additional 2,600 shares during the last quarter. Finally, Advisor Group Inc. raised its stake in Matador Resources by 164.4% during the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock valued at $119,000 after buying an additional 2,727 shares during the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.
MTDR traded down $1.33 during trading on Friday, reaching $27.60. The company’s stock had a trading volume of 1,706,564 shares, compared to its average volume of 992,844. Matador Resources has a 1 year low of $20.13 and a 1 year high of $33.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.91 and a quick ratio of 0.89. The firm has a market capitalization of $3,015.27, a price-to-earnings ratio of 38.33, a price-to-earnings-growth ratio of 0.79 and a beta of 1.21.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The business had revenue of $168.40 million during the quarter, compared to the consensus estimate of $148.89 million. Matador Resources had a net margin of 22.64% and a return on equity of 7.11%. During the same quarter in the previous year, the firm posted $0.08 earnings per share. equities analysts anticipate that Matador Resources will post 1.26 earnings per share for the current fiscal year.
MTDR has been the subject of a number of research analyst reports. Stifel Nicolaus set a $36.00 target price on Matador Resources and gave the stock a “buy” rating in a report on Monday, January 29th. ValuEngine raised Matador Resources from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Royal Bank of Canada set a $32.00 price target on Matador Resources and gave the company a “buy” rating in a report on Wednesday, December 20th. Mizuho upgraded Matador Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, Zacks Investment Research upgraded Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.50.
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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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