Nationwide Fund Advisors Boosts Holdings in Matador Resources Company (MTDR)
Nationwide Fund Advisors grew its stake in shares of Matador Resources Company (NYSE:MTDR) by 377.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 240,861 shares of the energy company’s stock after buying an additional 190,460 shares during the quarter. Nationwide Fund Advisors owned approximately 0.24% of Matador Resources worth $5,147,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. FNY Partners Fund LP grew its stake in shares of Matador Resources by 66.7% during the first quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock worth $118,000 after buying an additional 2,000 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Matador Resources by 10.8% during the first quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock worth $153,000 after buying an additional 682 shares during the last quarter. Dubuque Bank & Trust Co. grew its stake in shares of Matador Resources by 4.0% during the second quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after buying an additional 275 shares during the last quarter. LS Investment Advisors LLC bought a new stake in shares of Matador Resources during the second quarter worth $155,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Matador Resources during the first quarter worth $178,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.
In other Matador Resources news, Director David M. Posner bought 4,115 shares of Matador Resources stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average price of $24.10 per share, with a total value of $99,171.50. Following the acquisition, the director now owns 6,274 shares in the company, valued at $151,203.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.90% of the stock is currently owned by company insiders.
Matador Resources Company (NYSE MTDR) opened at 26.48 on Friday. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 13.68 and a beta of 1.26. The stock’s 50 day moving average is $24.67 and its 200-day moving average is $23.30. Matador Resources Company has a one year low of $20.13 and a one year high of $28.51.
Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, August 2nd. The energy company reported $0.11 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. The company had revenue of $115.90 million for the quarter, compared to analyst estimates of $112.21 million. During the same quarter last year, the firm earned ($0.01) EPS. The firm’s quarterly revenue was up 65.1% compared to the same quarter last year. On average, equities research analysts expect that Matador Resources Company will post $0.49 earnings per share for the current fiscal year.
A number of analysts have weighed in on MTDR shares. BidaskClub cut shares of Matador Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. BMO Capital Markets set a $23.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a research note on Monday, June 26th. Zacks Investment Research cut shares of Matador Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Northland Securities set a $33.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a research note on Monday, August 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 target price on shares of Matador Resources in a research note on Thursday, September 7th. Eight 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 stock. The stock has a consensus rating of “Buy” and a consensus target price of $28.48.
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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