Matador Resources Co (MTDR) Holdings Raised by Meadow Creek Investment Management LLC

Meadow Creek Investment Management LLC boosted its position in Matador Resources Co (NYSE:MTDR) by 38.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,810 shares of the energy company’s stock after purchasing an additional 4,352 shares during the period. Meadow Creek Investment Management LLC’s holdings in Matador Resources were worth $492,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Matador Resources by 36.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock worth $187,000 after purchasing an additional 1,617 shares in the last quarter. Amalgamated Bank grew its position in shares of Matador Resources by 14.8% during the 4th quarter. Amalgamated Bank now owns 14,163 shares of the energy company’s stock valued at $441,000 after acquiring an additional 1,829 shares during the period. Fortaleza Asset Management Inc. grew its position in shares of Matador Resources by 40.9% during the 4th quarter. Fortaleza Asset Management Inc. now owns 8,645 shares of the energy company’s stock valued at $269,000 after acquiring an additional 2,510 shares during the period. California Public Employees Retirement System grew its position in shares of Matador Resources by 0.9% during the 3rd quarter. California Public Employees Retirement System now owns 302,500 shares of the energy company’s stock valued at $8,213,000 after acquiring an additional 2,600 shares during the period. Finally, Advisor Group Inc. grew its position in shares of Matador Resources by 164.4% during the 3rd quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock valued at $119,000 after acquiring an additional 2,727 shares during the period. 87.59% of the stock is owned by institutional investors and hedge funds.

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A number of research analysts have recently weighed in on MTDR shares. Northland Securities set a $33.00 target price on shares of Matador Resources and gave the company a “buy” rating in a research report on Monday, December 11th. Royal Bank of Canada set a $32.00 target price on shares of Matador Resources and gave the company a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Friday, January 19th. Stifel Nicolaus set a $36.00 target price on shares of Matador Resources and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Deutsche Bank started coverage on shares of Matador Resources in a research report on Thursday, February 1st. They set a “hold” rating and a $37.00 target price for the company. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.24.

Shares of Matador Resources stock opened at $29.11 on Friday. The company has a market cap of $3,180.24, a P/E ratio of 41.00, a P/E/G ratio of 0.82 and a beta of 1.29. 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 Co has a 52 week low of $20.13 and a 52 week high of $33.96.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. The company had revenue of $168.40 million for the quarter, compared to analysts’ expectations of $148.89 million. Matador Resources had a net margin of 22.64% and a return on equity of 7.11%. During the same period in the prior year, the company posted $0.08 EPS. research analysts predict that Matador Resources Co will post 1.3 earnings per share for the current fiscal year.

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

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