CS Mckee LP acquired a new position in shares of Matador Resources Co (NYSE:MTDR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,500 shares of the energy company’s stock, valued at approximately $964,000.
Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Matador Resources by 53.9% in the 2nd quarter. BlackRock Inc. now owns 10,186,099 shares of the energy company’s stock valued at $217,677,000 after acquiring an additional 3,566,950 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Matador Resources by 88.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 4,959,286 shares of the energy company’s stock valued at $105,980,000 after acquiring an additional 2,328,250 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Matador Resources by 216.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock valued at $66,804,000 after acquiring an additional 1,682,663 shares in the last quarter. State Street Corp lifted its position in Matador Resources by 40.5% in the 2nd quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock valued at $101,655,000 after acquiring an additional 1,370,196 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Matador Resources by 126.3% in the 2nd 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 acquiring an additional 637,703 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors.
Matador Resources Co (NYSE MTDR) traded up $0.12 during trading hours on Tuesday, reaching $27.73. 976,200 shares of the company’s stock traded hands, compared to its average volume of 1,543,794. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 0.60. The stock has a market cap of $2,994.22, a price-to-earnings ratio of 51.13, a price-to-earnings-growth ratio of 1.35 and a beta of 1.16. 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 quarterly earnings data on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. The firm had revenue of $126.28 million during the quarter, compared to analyst estimates 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 for the quarter was up 42.3% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. analysts expect that Matador Resources Co will post 0.63 earnings per share for the current year.
In other news, Director David M. Posner acquired 1,035 shares of the firm’s stock in a transaction on 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 purchase, the director now owns 6,274 shares in the company, valued at approximately $181,444.08. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 11.90% of the company’s stock.
Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Matador Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. 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. Mizuho reaffirmed a “hold” rating and issued a $24.00 price target on shares of Matador Resources in a research report on Friday, September 29th. Scotiabank reaffirmed a “buy” rating on shares of Matador Resources in a research report on Tuesday, September 26th. Finally, BidaskClub raised shares of Matador Resources from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Matador Resources currently has a consensus rating of “Buy” and a consensus target price of $29.88.
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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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