GW&K Investment Management LLC lifted its position in shares of Matador Resources Co (NYSE:MTDR) by 35.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,342,106 shares of the energy company’s stock after buying an additional 880,885 shares during the period. Matador Resources makes up about 0.8% of GW&K Investment Management LLC’s holdings, making the stock its 26th biggest holding. GW&K Investment Management LLC owned 2.87% of Matador Resources worth $55,245,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its holdings in Matador Resources by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 42,022 shares of the energy company’s stock valued at $835,000 after purchasing an additional 592 shares in the last quarter. First National Bank of Omaha increased its holdings in Matador Resources by 0.9% in the 3rd quarter. First National Bank of Omaha now owns 76,112 shares of the energy company’s stock valued at $1,258,000 after purchasing an additional 665 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Matador Resources by 1.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 50,675 shares of the energy company’s stock valued at $1,007,000 after purchasing an additional 770 shares in the last quarter. MML Investors Services LLC increased its holdings in Matador Resources by 8.3% in the 2nd quarter. MML Investors Services LLC now owns 11,969 shares of the energy company’s stock valued at $238,000 after purchasing an additional 922 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in Matador Resources by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 75,315 shares of the energy company’s stock valued at $1,497,000 after purchasing an additional 935 shares in the last quarter. Institutional investors and hedge funds own 95.15% of the company’s stock.
NYSE:MTDR traded up $0.20 on Friday, reaching $15.25. The stock had a trading volume of 1,832,611 shares, compared to its average volume of 2,560,329. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average of $14.87 and a 200 day moving average of $16.93. The stock has a market cap of $1.73 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 2.10 and a beta of 1.99. Matador Resources Co has a 12-month low of $12.16 and a 12-month high of $26.94.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, October 29th. The energy company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $279.40 million during the quarter, compared to analysts’ expectations of $227.69 million. Matador Resources had a net margin of 20.35% and a return on equity of 7.51%. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. On average, equities analysts predict that Matador Resources Co will post 1.03 EPS for the current year.
In other Matador Resources news, Director Timothy E. Parker bought 3,584 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $13.94 per share, with a total value of $49,960.96. Following the completion of the acquisition, the director now directly owns 24,151 shares of the company’s stock, valued at approximately $336,664.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Craig N. Adams bought 2,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average cost of $14.11 per share, for a total transaction of $28,220.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 13,584 shares of company stock valued at $191,301. 6.90% of the stock is currently owned by corporate insiders.
Several brokerages recently issued reports on MTDR. Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $17.00 to $22.00 in a report on Friday, October 4th. Williams Capital reiterated a “buy” rating and issued a $26.00 price target on shares of Matador Resources in a report on Wednesday, October 30th. Stifel Nicolaus set a $22.00 price target on Matador Resources and gave the company a “buy” rating in a report on Monday, September 30th. Stephens upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $22.00 to $24.00 in a report on Tuesday, July 23rd. Finally, ValuEngine raised shares of Matador Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. Matador Resources presently has an average rating of “Buy” and an average target price of $26.25.
About Matador Resources
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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