Federated Investors Inc. PA purchased a new position in shares of Matador Resources Company (NYSE:MTDR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 43,567 shares of the energy company’s stock, valued at approximately $931,000.

Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can lifted its holdings in shares of Matador Resources by 4.4% in the 1st quarter. Bank of Montreal Can now owns 39,006 shares of the energy company’s stock worth $928,000 after purchasing an additional 1,646 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Matador Resources by 293.1% in the 1st quarter. Russell Investments Group Ltd. now owns 124,947 shares of the energy company’s stock worth $2,973,000 after purchasing an additional 93,164 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Matador Resources by 26.2% in the 1st quarter. US Bancorp DE now owns 10,119 shares of the energy company’s stock worth $241,000 after purchasing an additional 2,099 shares in the last quarter. Comerica Bank lifted its holdings in shares of Matador Resources by 5.3% in the 1st quarter. Comerica Bank now owns 9,198 shares of the energy company’s stock worth $202,000 after purchasing an additional 461 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Matador Resources in the 1st quarter worth $427,000. Hedge funds and other institutional investors own 91.96% of the company’s stock.

In other news, Director David M. Posner acquired 4,115 shares of Matador Resources stock in a transaction on Tuesday, August 8th. The shares were bought at an average cost of $24.10 per share, for a total transaction of $99,171.50. Following the acquisition, the director now directly owns 6,274 shares of the company’s stock, valued at approximately $151,203.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.90% of the company’s stock.

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Shares of Matador Resources Company (NYSE:MTDR) opened at 24.39 on Friday. The stock’s 50 day moving average price is $23.61 and its 200 day moving average price is $23.02. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 12.60 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.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $115.90 million for the quarter, compared to the consensus estimate of $112.21 million. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. Matador Resources’s quarterly revenue was up 65.1% on a year-over-year basis. During the same period last year, the business posted ($0.01) EPS. Analysts expect that Matador Resources Company will post $0.49 EPS for the current year.

A number of equities analysts recently issued reports on MTDR shares. Scotiabank reiterated a “buy” rating and issued a $26.00 target price on shares of Matador Resources in a report on Thursday, August 3rd. BidaskClub upgraded Matador Resources from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $28.00 target price on shares of Matador Resources in a report on Thursday, July 20th. Northland Securities set a $33.00 target price on Matador Resources and gave the stock a “buy” rating in a report on Monday, July 17th. 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. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $28.63.

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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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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