Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 6,888 Shares of Matador Resources Co (MTDR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in Matador Resources Co (NYSE:MTDR) by 24.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,041 shares of the energy company’s stock after selling 6,888 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Matador Resources were worth $695,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MTDR. Canton Hathaway LLC bought a new stake in Matador Resources in the third quarter worth approximately $116,000. Northstar Investment Advisors LLC bought a new stake in Matador Resources in the third quarter worth approximately $205,000. Capital Fund Management S.A. bought a new stake in Matador Resources in the second quarter worth approximately $207,000. BB&T Corp bought a new stake in Matador Resources in the third quarter worth approximately $232,000. Finally, Jane Street Group LLC bought a new stake in Matador Resources in the second quarter worth approximately $235,000. 87.56% of the stock is owned by institutional investors.

NYSE MTDR opened at $23.37 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.62. The firm has a market cap of $2.65 billion, a P/E ratio of 32.46, a PEG ratio of 0.65 and a beta of 1.43. Matador Resources Co has a 1 year low of $21.43 and a 1 year high of $35.22.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, October 31st. The energy company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.11. The business had revenue of $207.18 million during the quarter, compared to the consensus estimate of $208.75 million. Matador Resources had a net margin of 22.69% and a return on equity of 11.17%. Matador Resources’s quarterly revenue was up 64.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. On average, equities research analysts expect that Matador Resources Co will post 1.67 earnings per share for the current year.

In related news, Director Kenneth L. Stewart purchased 10,000 shares of Matador Resources stock in a transaction on Wednesday, November 14th. The stock was purchased at an average cost of $24.40 per share, with a total value of $244,000.00. Following the acquisition, the director now directly owns 32,532 shares in the company, valued at $793,780.80. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David E. Lancaster purchased 2,500 shares of Matador Resources stock in a transaction on Wednesday, November 28th. The stock was bought at an average cost of $21.88 per share, with a total value of $54,700.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 26,800 shares of company stock valued at $631,411. 11.10% of the stock is owned by insiders.

Several analysts have commented on MTDR shares. Johnson Rice downgraded shares of Matador Resources from a “buy” rating to an “accumulate” rating and set a $38.00 target price for the company. in a research report on Wednesday, August 15th. Zacks Investment Research raised shares of Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Monday, October 22nd. Oppenheimer reissued a “buy” rating on shares of Matador Resources in a research report on Tuesday, October 16th. BMO Capital Markets set a $34.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a research report on Sunday, August 12th. Finally, Raymond James reaffirmed a “buy” rating and set a $43.00 price objective on shares of Matador Resources in a report on Sunday, August 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $37.38.

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Matador Resources Company Profile

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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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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