Caxton Associates LP purchased a new position in Matador Resources Company (NYSE:MTDR) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 294,210 shares of the energy company’s stock, valued at approximately $6,287,000. Caxton Associates LP owned 0.29% of Matador Resources at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FNY Partners Fund LP grew its holdings in shares of Matador Resources by 66.7% in the 1st quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock worth $118,000 after acquiring an additional 2,000 shares during the period. Parallel Advisors LLC grew its holdings in Matador Resources by 10.8% during the 1st quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock valued at $153,000 after buying an additional 682 shares during the last quarter. Dubuque Bank & Trust Co. grew its holdings in Matador Resources by 4.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock valued at $152,000 after buying an additional 275 shares during the last quarter. LS Investment Advisors LLC acquired a new stake in Matador Resources during the 2nd quarter valued at $155,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in Matador Resources during the 1st quarter valued at $178,000. Institutional investors and hedge funds own 91.64% of the company’s stock.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Matador Resources from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Scotiabank set a $26.00 target price on Matador Resources and gave the company a “buy” rating in a report on Saturday, July 1st. BidaskClub cut Matador Resources from a “strong-buy” rating to a “buy” rating in a report on Saturday. Northland Securities set a $33.00 target price on Matador Resources and gave the company a “buy” rating in a report on Monday, August 21st. Finally, Mizuho reiterated a “hold” rating and set a $24.00 target price on shares of Matador Resources in a report on Friday, September 29th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Matador Resources has an average rating of “Buy” and a consensus price target of $28.48.
In other news, Director David M. Posner acquired 4,115 shares of the stock in a transaction on Tuesday, August 8th. The shares were purchased at an average cost of $24.10 per share, for a total transaction of $99,171.50. Following the transaction, the director now owns 6,274 shares in the company, valued at approximately $151,203.40. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 11.90% of the company’s stock.
Matador Resources Company (MTDR) traded down 2.04% during midday trading on Friday, hitting $25.94. The stock had a trading volume of 2,364,729 shares. The firm has a 50 day moving average price of $24.75 and a 200 day moving average price of $23.32. Matador Resources Company has a one year low of $20.13 and a one year high of $28.51. The stock has a market cap of $2.61 billion, a PE ratio of 13.41 and a beta of 1.26.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. The firm had revenue of $115.90 million for the quarter, compared to analysts’ expectations of $112.21 million. During the same period in the previous year, the company posted ($0.01) EPS. The company’s quarterly revenue was up 65.1% compared to the same quarter last year. Equities analysts expect that Matador Resources Company will post $0.49 EPS for the current year.
Matador Resources Company 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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