Picton Mahoney Asset Management Trims Stake in Matador Resources Company (MTDR)
Picton Mahoney Asset Management decreased its holdings in shares of Matador Resources Company (NYSE:MTDR) by 33.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 478,770 shares of the energy company’s stock after selling 235,600 shares during the period. Picton Mahoney Asset Management owned approximately 0.48% of Matador Resources worth $10,232,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. FNY Partners Fund LP boosted its position in shares of Matador Resources by 66.7% during the 1st quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock valued at $118,000 after purchasing an additional 2,000 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Matador Resources by 10.8% during the 1st quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock valued at $153,000 after purchasing an additional 682 shares in the last quarter. Dubuque Bank & Trust Co. boosted its position in shares of Matador Resources by 4.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock valued at $152,000 after purchasing an additional 275 shares in the last quarter. LS Investment Advisors LLC bought a new position in shares of Matador Resources during the 2nd quarter valued at about $155,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Matador Resources during the 1st quarter valued at about $178,000. Institutional investors own 91.64% of the company’s stock.
In other Matador Resources news, Director David M. Posner acquired 4,115 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was acquired at an average cost of $24.10 per share, for a total transaction of $99,171.50. Following the transaction, the director now owns 6,274 shares of the company’s stock, valued at $151,203.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is currently owned by insiders.
Matador Resources Company (MTDR) traded down 0.69% during mid-day trading on Friday, hitting $27.15. 1,048,332 shares of the stock were exchanged. The stock has a market capitalization of $2.73 billion, a P/E ratio of 14.03 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 firm has a 50-day moving average price of $23.63 and a 200-day moving average price of $23.00.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 in the previous year, the firm earned ($0.01) EPS. Matador Resources’s quarterly revenue was up 65.1% compared to the same quarter last year. Equities analysts predict that Matador Resources Company will post $0.49 earnings per share for the current fiscal year.
A number of research firms have commented on MTDR. Mizuho reaffirmed a “hold” rating and set a $24.00 price objective on shares of Matador Resources in a research note on Friday. BidaskClub raised shares of Matador Resources from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Scotiabank reaffirmed a “buy” rating on shares of Matador Resources in a research note on Tuesday. Northland Securities reaffirmed a “buy” rating and set a $33.00 price objective on shares of Matador Resources in a research note on Tuesday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price objective on shares of Matador Resources in a research note on Thursday, September 7th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $28.57.
About Matador Resources
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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