Van ECK Associates Corp trimmed its holdings in Matador Resources Co (NYSE:MTDR) by 44.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,085 shares of the energy company’s stock after selling 11,445 shares during the period. Van ECK Associates Corp’s holdings in Matador Resources were worth $219,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Matador Resources by 5.2% during the fourth quarter. BlackRock Inc. now owns 12,834,279 shares of the energy company’s stock worth $199,317,000 after buying an additional 633,565 shares during the period. Vanguard Group Inc. boosted its position in shares of Matador Resources by 6.9% during the third quarter. Vanguard Group Inc. now owns 9,530,794 shares of the energy company’s stock worth $314,992,000 after buying an additional 612,234 shares during the period. Vanguard Group Inc boosted its position in shares of Matador Resources by 6.9% during the third quarter. Vanguard Group Inc now owns 9,530,794 shares of the energy company’s stock worth $314,992,000 after buying an additional 612,234 shares during the period. Beck Mack & Oliver LLC boosted its position in shares of Matador Resources by 0.4% during the fourth quarter. Beck Mack & Oliver LLC now owns 4,097,367 shares of the energy company’s stock worth $63,632,000 after buying an additional 15,221 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Matador Resources by 7.8% during the third quarter. Dimensional Fund Advisors LP now owns 3,390,810 shares of the energy company’s stock worth $112,066,000 after buying an additional 244,527 shares during the period. Institutional investors own 93.36% of the company’s stock.
Matador Resources stock opened at $18.69 on Friday. Matador Resources Co has a 1-year low of $13.97 and a 1-year high of $35.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.93. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 0.74 and a beta of 1.87.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, February 26th. The energy company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.10. Matador Resources had a return on equity of 11.24% and a net margin of 30.48%. The company had revenue of $202.10 million for the quarter, compared to analysts’ expectations of $202.83 million. During the same period last year, the firm earned $0.25 earnings per share. Matador Resources’s quarterly revenue was up 20.0% on a year-over-year basis. As a group, analysts anticipate that Matador Resources Co will post 1.1 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on MTDR. Wells Fargo & Co reiterated a “hold” rating on shares of Matador Resources in a research note on Wednesday. Northland Securities reiterated a “buy” rating and issued a $32.00 price objective on shares of Matador Resources in a research note on Tuesday, February 26th. SunTrust Banks upgraded Matador Resources from a “hold” rating to a “buy” rating and increased their price objective for the company from $23.00 to $29.00 in a research note on Tuesday, February 19th. Zacks Investment Research cut Matador Resources from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Finally, Raymond James set a $24.00 price objective on Matador Resources and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.25.
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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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