Schwab Charles Investment Management Inc. increased its position in shares of Matador Resources Company (NYSE:MTDR) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 417,624 shares of the energy company’s stock after purchasing an additional 31,842 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.42% of Matador Resources worth $8,925,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Partners Fund LP lifted its holdings in shares of Matador Resources by 66.7% in the first quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock worth $118,000 after acquiring an additional 2,000 shares during the last quarter. Dubuque Bank & Trust Co. lifted its holdings in shares of Matador Resources by 4.0% in the second quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after acquiring an additional 275 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Matador Resources by 10.8% in the first quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock worth $153,000 after acquiring an additional 682 shares during the last quarter. LS Investment Advisors LLC bought a new position in shares of Matador Resources in the second quarter worth about $155,000. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Matador Resources in the second quarter worth about $165,000. 91.64% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on the stock. Scotiabank reiterated a “buy” rating and issued a $26.00 price objective on shares of Matador Resources in a report on Thursday, August 3rd. BidaskClub upgraded shares of Matador Resources from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Royal Bank Of Canada reiterated a “buy” rating and issued a $34.00 price objective on shares of Matador Resources in a report on Friday, June 16th. Northland Securities set a $33.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Zacks Investment Research lowered shares of Matador Resources from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Matador Resources presently has an average rating of “Buy” and a consensus price target of $28.48.

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Matador Resources Company (MTDR) opened at 27.32 on Thursday. The company has a market capitalization of $2.74 billion, a PE ratio of 14.12 and a beta of 1.26. Matador Resources Company has a one year low of $20.13 and a one year high of $28.51. The company has a 50 day moving average price of $24.58 and a 200-day moving average price of $23.28.

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

In other news, Director David M. Posner purchased 4,115 shares of Matador Resources stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average cost of $24.10 per share, with a total value of $99,171.50. Following the completion of the purchase, the director now directly owns 6,274 shares in the company, valued at $151,203.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.90% of the stock is owned by corporate insiders.

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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