Van ECK Associates Corp Has $219,000 Holdings in Matador Resources Co (MTDR)

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Van ECK Associates Corp lessened its holdings in Matador Resources Co (NYSE:MTDR) by 44.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,085 shares of the energy company’s stock after selling 11,445 shares during the quarter. Van ECK Associates Corp’s holdings in Matador Resources were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. ETRADE Capital Management LLC boosted its holdings in Matador Resources by 2.3% in the 4th quarter. ETRADE Capital Management LLC now owns 27,525 shares of the energy company’s stock valued at $427,000 after purchasing an additional 617 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in Matador Resources by 1.5% in the 4th quarter. New York State Teachers Retirement System now owns 44,252 shares of the energy company’s stock valued at $687,000 after purchasing an additional 652 shares in the last quarter. Arizona State Retirement System boosted its holdings in Matador Resources by 1.1% in the 4th quarter. Arizona State Retirement System now owns 74,313 shares of the energy company’s stock valued at $1,154,000 after purchasing an additional 777 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Matador Resources by 64.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,550 shares of the energy company’s stock valued at $40,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in Matador Resources by 14.9% in the 4th quarter. Cerity Partners LLC now owns 10,579 shares of the energy company’s stock valued at $164,000 after purchasing an additional 1,369 shares in the last quarter. 93.36% of the stock is currently owned by institutional investors.

MTDR stock opened at $18.69 on Friday. Matador Resources Co has a 12-month low of $13.97 and a 12-month high of $35.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.87. The company has a market cap of $2.18 billion, a PE ratio of 11.54, a P/E/G ratio of 0.74 and a beta of 1.87.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, February 26th. The energy company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.10. Matador Resources had a net margin of 30.48% and a return on equity of 11.24%. The company had revenue of $202.10 million during the quarter, compared to the consensus estimate of $202.83 million. During the same period last year, the firm earned $0.25 EPS. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, analysts forecast that Matador Resources Co will post 1.1 earnings per share for the current year.

A number of brokerages have weighed in on MTDR. SunTrust Banks reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Matador Resources in a report on Thursday, November 29th. Zacks Investment Research lowered Matador Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Stephens began coverage on Matador Resources in a report on Thursday, December 6th. They issued a “weight” rating and a $29.00 price objective on the stock. MKM Partners initiated coverage on Matador Resources in a report on Wednesday, December 5th. They issued a “buy” rating and a $28.00 price objective on the stock. Finally, Cowen initiated coverage on shares of Matador Resources in a research report on Thursday, November 29th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.25.

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Matador Resources Profile

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.

Further Reading: Understanding Relative Strength Index

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

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