Matador Resources Co (MTDR) Stake Lifted by King Luther Capital Management Corp

King Luther Capital Management Corp lifted its holdings in Matador Resources Co (NYSE:MTDR) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 158,430 shares of the energy company’s stock after purchasing an additional 4,770 shares during the quarter. King Luther Capital Management Corp owned 0.14% of Matador Resources worth $5,236,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its stake in shares of Matador Resources by 10.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 534,000 shares of the energy company’s stock worth $16,047,000 after purchasing an additional 49,005 shares in the last quarter. Jane Street Group LLC bought a new position in Matador Resources during the second quarter valued at about $235,000. Canton Hathaway LLC bought a new position in Matador Resources during the third quarter valued at about $116,000. BlackRock Inc. boosted its stake in Matador Resources by 11.1% during the second quarter. BlackRock Inc. now owns 11,706,885 shares of the energy company’s stock valued at $351,792,000 after buying an additional 1,170,138 shares in the last quarter. Finally, United Services Automobile Association boosted its stake in Matador Resources by 14.1% during the second quarter. United Services Automobile Association now owns 16,914 shares of the energy company’s stock valued at $508,000 after buying an additional 2,090 shares in the last quarter. 87.56% of the stock is owned by institutional investors.

Several brokerages recently weighed in on MTDR. ValuEngine cut Matador Resources from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research raised Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Monday, October 22nd. Oppenheimer began coverage on Matador Resources in a research note on Wednesday, October 3rd. They set an “outperform” rating and a $43.00 target price for the company. TheStreet cut Matador Resources from a “b-” rating to a “c+” rating in a research note on Tuesday, November 6th. Finally, MKM Partners began coverage on Matador Resources in a research note on Wednesday. They set a “buy” rating and a $28.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.76.

NYSE:MTDR opened at $21.29 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.69 and a quick ratio of 0.63. Matador Resources Co has a 1-year low of $21.25 and a 1-year high of $35.22. The firm has a market capitalization of $2.53 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.58 and a beta of 1.43.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, October 31st. The energy company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.11. Matador Resources had a return on equity of 11.17% and a net margin of 22.69%. The business had revenue of $207.18 million during the quarter, compared to analyst estimates of $208.75 million. During the same quarter last year, the company posted $0.11 EPS. Matador Resources’s revenue for the quarter was up 64.1% on a year-over-year basis. Research analysts expect that Matador Resources Co will post 1.66 EPS for the current fiscal year.

In related news, CFO David E. Lancaster purchased 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The stock was acquired at an average price of $21.88 per share, for a total transaction of $54,700.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenneth L. Stewart purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The stock was bought at an average price of $24.40 per share, with a total value of $244,000.00. Following the transaction, the director now directly owns 32,532 shares in the company, valued at $793,780.80. The disclosure for this purchase can be found here. Insiders purchased a total of 27,000 shares of company stock valued at $636,231 in the last quarter. 11.10% of the stock is currently owned by corporate insiders.

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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.

Read More: Asset Allocation, Balancing Your Investments

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

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