BNP Paribas Arbitrage SA Grows Holdings in Matador Resources Company (MTDR)
BNP Paribas Arbitrage SA grew its position in Matador Resources Company (NYSE:MTDR) by 318.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,233 shares of the energy company’s stock after acquiring an additional 58,000 shares during the quarter. BNP Paribas Arbitrage SA owned 0.08% of Matador Resources worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. Comerica Bank increased its stake in Matador Resources by 751.6% in the 2nd quarter. Comerica Bank now owns 78,333 shares of the energy company’s stock worth $1,827,000 after acquiring an additional 69,135 shares during the last quarter. Legal & General Group Plc increased its stake in Matador Resources by 133.3% in the 2nd quarter. Legal & General Group Plc now owns 70,404 shares of the energy company’s stock worth $1,502,000 after acquiring an additional 40,231 shares during the last quarter. Bank of New York Mellon Corp increased its stake 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 worth $24,422,000 after acquiring an additional 637,703 shares during the last quarter. Rhumbline Advisers increased its stake in Matador Resources by 75.7% in the 2nd quarter. Rhumbline Advisers now owns 181,943 shares of the energy company’s stock worth $3,888,000 after acquiring an additional 78,367 shares during the last quarter. Finally, Arizona State Retirement System bought a new stake in Matador Resources in the 2nd quarter worth approximately $839,000. 91.96% of the stock is currently owned by institutional investors and hedge funds.
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Matador Resources Company (NYSE:MTDR) opened at 23.92 on Monday. The stock has a market cap of $2.40 billion, a PE ratio of 12.36 and a beta of 1.23. Matador Resources Company has a 12-month low of $19.99 and a 12-month high of $28.51. The company’s 50-day moving average price is $23.52 and its 200-day moving average price is $23.16.
Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, August 2nd. The energy company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The business had revenue of $115.90 million during the quarter, compared to analyst estimates of $112.21 million. During the same period last year, the business posted ($0.01) earnings per share. The company’s quarterly revenue was up 65.1% on a year-over-year basis. On average, equities analysts expect that Matador Resources Company will post $0.49 EPS for the current fiscal year.
A number of equities analysts have recently commented on MTDR shares. KLR Group lifted their target price on Matador Resources from $24.00 to $25.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. ValuEngine cut Matador Resources from a “hold” rating to a “sell” rating in a report on Thursday, May 18th. Credit Suisse Group started coverage on Matador Resources in a report on Thursday, June 1st. They issued an “outperform” rating and a $34.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $34.00 target price on shares of Matador Resources in a report on Friday, June 16th. Finally, BMO Capital Markets set a $23.00 target price on Matador Resources and gave the stock a “buy” rating in a report on Monday, June 26th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $28.80.
In related news, Chairman Joseph Wm Foran sold 11,000 shares of Matador Resources stock in a transaction on Friday, June 9th. The stock was sold at an average price of $23.12, for a total value of $254,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Posner bought 4,115 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average price of $24.10 per share, with a total value of $99,171.50. Following the completion of the acquisition, the director now owns 6,274 shares of the company’s stock, valued at approximately $151,203.40. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.
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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