American International Group Inc. boosted its holdings in shares of Matador Resources Co (NYSE:MTDR) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 263,178 shares of the energy company’s stock after acquiring an additional 20,540 shares during the quarter. American International Group Inc.’s holdings in Matador Resources were worth $8,193,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. New York State Common Retirement Fund raised its position in Matador Resources by 22.5% during the third quarter. New York State Common Retirement Fund now owns 126,888 shares of the energy company’s stock valued at $3,445,000 after acquiring an additional 23,274 shares in the last quarter. Artemis Investment Management LLP bought a new position in Matador Resources during the third quarter valued at approximately $2,656,000. Sei Investments Co. raised its position in Matador Resources by 3.4% during the third quarter. Sei Investments Co. now owns 136,498 shares of the energy company’s stock valued at $3,707,000 after acquiring an additional 4,497 shares in the last quarter. Bank of New York Mellon Corp raised its position in Matador Resources by 3.2% during the third quarter. Bank of New York Mellon Corp now owns 1,179,777 shares of the energy company’s stock valued at $32,031,000 after acquiring an additional 36,969 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Matador Resources by 8.5% in the third quarter. Legal & General Group Plc now owns 76,379 shares of the energy company’s stock valued at $2,074,000 after purchasing an additional 5,975 shares during the period. 85.50% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director David M. Posner bought 1,035 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average price of $28.92 per share, with a total value of $29,932.20. Following the completion of the transaction, the director now owns 6,274 shares of the company’s stock, valued at approximately $181,444.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.90% of the company’s stock.
Matador Resources Co (MTDR) opened at $28.86 on Thursday. Matador Resources Co has a 52-week low of $20.13 and a 52-week high of $33.96. The stock has a market cap of $3,281.35, a price-to-earnings ratio of 23.66, a P/E/G ratio of 0.75 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.91.
Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, February 21st. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Matador Resources had a net margin of 22.64% and a return on equity of 7.11%. The business had revenue of $168.40 million for the quarter, compared to analyst estimates of $148.89 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. analysts expect that Matador Resources Co will post 1.34 EPS for the current fiscal year.
Matador Resources 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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