Kalmar Investments Inc. DE Has $20,458,000 Position in Matador Resources Co. (MTDR)
Kalmar Investments Inc. DE decreased its stake in shares of Matador Resources Co. (NYSE:MTDR) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,033,210 shares of the energy company’s stock after selling 12,430 shares during the period. Kalmar Investments Inc. DE owned approximately 1.11% of Matador Resources worth $20,458,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Northpointe Capital LLC boosted its position in Matador Resources by 6.4% in the second quarter. Northpointe Capital LLC now owns 470,723 shares of the energy company’s stock valued at $9,320,000 after buying an additional 28,209 shares during the last quarter. Capital Fund Management S.A. acquired a new position in Matador Resources during the second quarter valued at about $1,930,000. HL Financial Services LLC boosted its position in Matador Resources by 0.6% in the second quarter. HL Financial Services LLC now owns 19,219 shares of the energy company’s stock valued at $381,000 after buying an additional 112 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in Matador Resources during the second quarter valued at about $754,000. Finally, Bank of Montreal Can acquired a new position in Matador Resources during the second quarter valued at about $1,491,000. 80.81% of the stock is owned by hedge funds and other institutional investors.
Shares of Matador Resources Co. (NYSE:MTDR) traded up 2.51% on Wednesday, hitting $23.66. The company had a trading volume of 961,529 shares. The company has a 50 day moving average of $22.83 and a 200-day moving average of $21.93. Matador Resources Co. has a 12-month low of $11.13 and a 12-month high of $27.63. The company’s market cap is $2.21 billion.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, August 3rd. The energy company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.09. Matador Resources had a negative net margin of 269.02% and a negative return on equity of 1.92%. The company had revenue of $45.20 million for the quarter, compared to the consensus estimate of $62.61 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The business’s revenue was down 42.1% compared to the same quarter last year. On average, analysts forecast that Matador Resources Co. will post ($0.13) earnings per share for the current year.
A number of equities research analysts recently weighed in on MTDR shares. FBR & Co upped their price target on Matador Resources from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Royal Bank Of Canada restated a “buy” rating on shares of Matador Resources in a report on Thursday, June 23rd. KLR Group upgraded Matador Resources from a “hold” rating to an “accumulate” rating and set a $25.00 price target on the stock in a report on Wednesday, September 21st. Zacks Investment Research cut Matador Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 20th. Finally, Barclays PLC started coverage on Matador Resources in a report on Tuesday, June 21st. They issued an “equal weight” rating and a $23.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $25.02.
In other Matador Resources news, Director William M. Byerley bought 2,288 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average price of $21.86 per share, with a total value of $50,015.68. Following the completion of the purchase, the director now directly owns 4,035 shares in the company, valued at approximately $88,205.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joe A. Davis bought 8,767 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was acquired at an average cost of $22.70 per share, for a total transaction of $199,010.90. Following the purchase, the director now owns 1,747 shares of the company’s stock, valued at $39,656.90. The disclosure for this purchase can be found here. Insiders own 12.70% of the company’s stock.
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 segment is oil and natural gas exploration and production.
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