LS Investment Advisors LLC purchased a new position in shares of Matador Resources Company (NYSE:MTDR) during the second quarter, Holdings Channel reports. The firm purchased 7,271 shares of the energy company’s stock, valued at approximately $155,000.
Several other institutional investors also recently made changes to their positions in the stock. FNY Partners Fund LP raised its position in shares of Matador Resources by 66.7% in 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 period. Northwestern Mutual Wealth Management Co. bought a new position in shares of Matador Resources during the first quarter worth $120,000. Parallel Advisors LLC raised its position in shares of Matador Resources by 10.8% in 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 period. Dubuque Bank & Trust Co. bought a new position in shares of Matador Resources during the first quarter worth $162,000. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Matador Resources during the second quarter worth $165,000. Institutional investors own 86.56% of the company’s stock.
Shares of Matador Resources Company (NYSE MTDR) traded up 1.77% during trading on Thursday, hitting $24.71. 393,301 shares of the stock were exchanged. The stock’s 50 day moving average is $22.53 and its 200-day moving average is $23.53. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 12.77 and a beta of 1.20. Matador Resources Company has a 12-month low of $19.99 and a 12-month high of $28.51.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.11. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. The business had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $112.21 million. During the same period in the previous year, the company earned ($0.01) earnings per share. Matador Resources’s revenue for the quarter was up 65.1% on a year-over-year basis. Equities research analysts anticipate that Matador Resources Company will post $0.47 EPS for the current year.
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A number of equities analysts have weighed in on MTDR shares. BidaskClub upgraded shares of Matador Resources from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $28.00 price target on shares of Matador Resources in a report on Thursday, July 20th. Northland Securities set a $33.00 price target on shares of Matador Resources and gave the company a “buy” rating in a report on Monday, July 17th. Scotiabank set a $26.00 price target on shares of Matador Resources and gave the company a “buy” rating in a report on Saturday, July 1st. Finally, BMO Capital Markets set a $23.00 price target on shares of Matador Resources and gave the company a “buy” rating in a report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $28.63.
In other news, Chairman Joseph Wm Foran sold 11,000 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $23.12, for a total value of $254,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julia P. Forrester acquired 1,255 shares of Matador Resources stock in a transaction dated Wednesday, May 24th. The stock was purchased at an average price of $23.96 per share, with a total value of $30,069.80. Following the completion of the purchase, the director now directly owns 3,399 shares of the company’s stock, valued at approximately $81,440.04. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by 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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