BlackRock Inc. Raises Holdings in Matador Resources Co (MTDR)

BlackRock Inc. grew its position in shares of Matador Resources Co (NYSE:MTDR) by 11.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,706,885 shares of the energy company’s stock after purchasing an additional 1,170,138 shares during the quarter. BlackRock Inc. owned approximately 10.06% of Matador Resources worth $351,792,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Silvercrest Asset Management Group LLC lifted its position in Matador Resources by 0.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 4,191,454 shares of the energy company’s stock valued at $125,367,000 after purchasing an additional 24,782 shares during the period. Beck Mack & Oliver LLC lifted its position in Matador Resources by 1.6% in the second quarter. Beck Mack & Oliver LLC now owns 4,104,345 shares of the energy company’s stock valued at $123,336,000 after purchasing an additional 63,815 shares during the period. OppenheimerFunds Inc. lifted its position in Matador Resources by 24.7% in the first quarter. OppenheimerFunds Inc. now owns 1,444,435 shares of the energy company’s stock valued at $43,204,000 after purchasing an additional 286,518 shares during the period. Bank of New York Mellon Corp lifted its position in Matador Resources by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 1,326,755 shares of the energy company’s stock valued at $39,870,000 after purchasing an additional 47,468 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Matador Resources by 17.4% in the second quarter. Wells Fargo & Company MN now owns 1,138,722 shares of the energy company’s stock valued at $34,219,000 after purchasing an additional 168,561 shares during the period. 89.14% of the stock is currently owned by institutional investors.

Shares of Matador Resources stock opened at $31.13 on Friday. Matador Resources Co has a 12-month low of $23.66 and a 12-month high of $35.22. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.22 and a quick ratio of 1.17. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 46.47, a P/E/G ratio of 0.85 and a beta of 1.51.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, August 1st. The energy company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.08. Matador Resources had a net margin of 24.93% and a return on equity of 9.84%. The company had revenue of $211.37 million during the quarter, compared to analysts’ expectations of $185.07 million. During the same period last year, the company posted $0.36 earnings per share. The firm’s quarterly revenue was up 63.1% compared to the same quarter last year. sell-side analysts predict that Matador Resources Co will post 1.46 earnings per share for the current year.

A number of brokerages recently commented on MTDR. BMO Capital Markets set a $34.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research report on Sunday, August 12th. ValuEngine raised shares of Matador Resources from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Stifel Nicolaus set a $41.00 target price on shares of Matador Resources and gave the company a “buy” rating in a report on Wednesday, June 6th. Imperial Capital increased their target price on shares of Matador Resources from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, August 3rd. Finally, Northland Securities set a $39.00 target price on shares of Matador Resources and gave the company a “buy” rating in a report on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $37.43.

Matador Resources Company 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.

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

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