TIAA CREF Investment Management LLC lessened its stake in Matador Resources Company (NYSE:MTDR) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,686,401 shares of the energy company’s stock after selling 71,987 shares during the quarter. TIAA CREF Investment Management LLC owned about 3.68% of Matador Resources worth $78,778,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of MTDR. FNY Partners Fund LP raised its stake in Matador Resources by 66.7% in the first 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. Dubuque Bank & Trust Co. raised its stake in Matador Resources by 4.0% in the second 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. Parallel Advisors LLC raised its stake in Matador Resources by 10.8% in the first 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. LS Investment Advisors LLC acquired a new position in Matador Resources in the second quarter valued at about $155,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in Matador Resources in the second quarter valued at about $165,000. 91.96% of the stock is owned by institutional investors and hedge funds.
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Several research analysts have commented on MTDR shares. Bank of America Corporation started coverage on Matador Resources in a research note on Wednesday, July 19th. They set a “neutral” rating and a $26.00 target price for the company. BMO Capital Markets set a $23.00 target price on Matador Resources and gave the stock a “buy” rating in a research note on Monday, June 26th. Royal Bank Of Canada set a $29.00 target price on Matador Resources and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised Matador Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, ValuEngine raised Matador Resources from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $28.63.
Shares of Matador Resources Company (NYSE MTDR) opened at 24.39 on Friday. Matador Resources Company has a one year low of $19.99 and a one year high of $28.51. The company has a 50-day moving average price of $23.61 and a 200 day moving average price of $23.02. The company has a market capitalization of $2.45 billion, a PE ratio of 12.60 and a beta of 1.23.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, August 2nd. The energy company reported $0.11 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.11. The business 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 business’s quarterly revenue was up 65.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) EPS. Equities analysts anticipate that Matador Resources Company will post $0.49 EPS for the current year.
In other Matador Resources news, Director David M. Posner acquired 4,115 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were purchased 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 in the company, valued at $151,203.40. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 11.90% of the stock is currently owned by company insiders.
Matador Resources Company 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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