Clearbridge Investments LLC boosted its holdings in Matador Resources Co (NYSE:MTDR) by 20.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,337,089 shares of the energy company’s stock after purchasing an additional 231,478 shares during the quarter. Clearbridge Investments LLC owned about 1.15% of Matador Resources worth $3,316,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. D L Carlson Investment Group Inc. bought a new position in Matador Resources in the first quarter worth approximately $25,000. Raymond James Financial Services Advisors Inc. purchased a new position in Matador Resources during the first quarter valued at $27,000. Greenleaf Trust purchased a new position in shares of Matador Resources in the 1st quarter worth $28,000. Americana Partners LLC purchased a new position in shares of Matador Resources in the 4th quarter worth $30,000. Finally, Advisor Group Holdings Inc. purchased a new position in shares of Matador Resources in the 1st quarter worth $34,000. Hedge funds and other institutional investors own 89.49% of the company’s stock.

Shares of MTDR opened at $8.34 on Tuesday. Matador Resources Co has a 1-year low of $1.11 and a 1-year high of $20.57. The company has a 50-day moving average of $8.89 and a 200 day moving average of $10.00. The firm has a market capitalization of $920.80 million, a price-to-earnings ratio of 4.21 and a beta of 4.73. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.99 and a quick ratio of 0.96.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, April 29th. The energy company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.18. Matador Resources had a net margin of 19.51% and a return on equity of 7.20%. The company had revenue of $371.60 million during the quarter, compared to analyst estimates of $228.02 million. During the same quarter last year, the business posted $0.19 EPS. The firm’s revenue for the quarter was up 113.7% on a year-over-year basis. On average, equities analysts anticipate that Matador Resources Co will post -0.12 earnings per share for the current fiscal year.

MTDR has been the subject of several analyst reports. ValuEngine upgraded shares of Matador Resources from a “strong sell” rating to a “sell” rating in a report on Friday, May 1st. Raymond James lowered shares of Matador Resources from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 17th. Imperial Capital raised their target price on shares of Matador Resources from $6.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. SunTrust Banks raised their target price on shares of Matador Resources from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Friday, May 1st. Finally, Capital One Financial lowered shares of Matador Resources from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Matador Resources presently has an average rating of “Hold” and a consensus price target of $13.15.

In other Matador Resources news, COO Billy E. Goodwin bought 5,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were acquired at an average price of $7.98 per share, with a total value of $39,900.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 7.40% of the company’s stock.

About Matador Resources

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates in two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.

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

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