Vanguard Group Inc. raised its holdings in Matador Resources Company (NYSE:MTDR) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,302,038 shares of the energy company’s stock after acquiring an additional 241,175 shares during the period. Vanguard Group Inc. owned approximately 7.29% of Matador Resources worth $156,044,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MTDR. BlackRock Inc. raised its holdings in Matador Resources by 46,974.5% in the 1st quarter. BlackRock Inc. now owns 6,619,149 shares of the energy company’s stock valued at $157,472,000 after acquiring an additional 6,605,088 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in Matador Resources by 88.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 4,959,286 shares of the energy company’s stock valued at $105,980,000 after acquiring an additional 2,328,250 shares during the last quarter. Bank of New York Mellon Corp raised its holdings 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 valued at $24,422,000 after acquiring an additional 637,703 shares during the last quarter. Northern Trust Corp raised its holdings in Matador Resources by 35.4% in the 2nd quarter. Northern Trust Corp now owns 1,502,692 shares of the energy company’s stock valued at $32,112,000 after acquiring an additional 393,145 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Matador Resources by 3,072.3% in the 2nd quarter. Principal Financial Group Inc. now owns 398,282 shares of the energy company’s stock valued at $8,511,000 after acquiring an additional 385,727 shares during the last quarter. Institutional investors own 84.74% of the company’s stock.

A number of analysts have commented on MTDR shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $28.00 price objective on shares of Matador Resources in a report on Thursday, July 20th. 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. BidaskClub upgraded shares of Matador Resources from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Imperial Capital started coverage on shares of Matador Resources in a report on Tuesday, July 18th. They issued an “outperform” rating and a $32.00 price objective for the company. Finally, Bank of America Corporation started coverage on shares of Matador Resources in a report on Wednesday, July 19th. They issued a “neutral” rating and a $26.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $28.67.

In related news, Director David M. Posner purchased 4,115 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average price of $24.10 per share, with a total value of $99,171.50. Following the completion of the transaction, the director now owns 6,274 shares of the company’s stock, valued at approximately $151,203.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.90% of the company’s stock.

Shares of Matador Resources Company (NYSE MTDR) opened at 25.79 on Friday. Matador Resources Company has a 1-year low of $20.13 and a 1-year high of $28.51. The stock has a 50 day moving average of $25.56 and a 200 day moving average of $23.55. The stock has a market cap of $2.59 billion, a PE ratio of 13.33 and a beta of 1.26.

Matador Resources (NYSE:MTDR) last issued 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 net margin of 43.04% and a return on equity of 5.45%. The firm had revenue of $115.90 million during the quarter, compared to analyst estimates of $112.21 million. During the same quarter in the prior year, the business posted ($0.01) earnings per share. Matador Resources’s revenue for the quarter was up 65.1% compared to the same quarter last year. Equities research analysts forecast that Matador Resources Company will post $0.51 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Vanguard Group Inc. Acquires 241,175 Shares of Matador Resources Company (MTDR)” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/10/21/vanguard-group-inc-acquires-241175-shares-of-matador-resources-company-mtdr.html.

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.

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

Receive News & Stock Ratings for Matador Resources Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources Company and related stocks with our FREE daily email newsletter.