Kalmar Investments Inc. DE Has $20,458,000 Position in Matador Resources Co. (MTDR)
Kalmar Investments Inc. DE reduced its position in shares of Matador Resources Co. (NYSE:MTDR) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 1,033,210 shares of the energy company’s stock after selling 12,430 shares during the period. Kalmar Investments Inc. DE’s holdings in Matador Resources were worth $20,458,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of MTDR. Silvercrest Asset Management Group LLC boosted its stake in shares of Matador Resources by 3.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,771,687 shares of the energy company’s stock valued at $33,592,000 after buying an additional 62,354 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Matador Resources during the first quarter valued at $21,278,000. Goldman Sachs Group Inc. boosted its stake in shares of Matador Resources by 14.9% in the first quarter. Goldman Sachs Group Inc. now owns 270,775 shares of the energy company’s stock valued at $5,134,000 after buying an additional 35,090 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Matador Resources by 1.2% in the first quarter. UBS Asset Management Americas Inc. now owns 410,734 shares of the energy company’s stock valued at $7,788,000 after buying an additional 4,841 shares in the last quarter. Finally, Value Holdings LP purchased a new stake in shares of Matador Resources during the first quarter valued at $114,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of Matador Resources Co. (NYSE:MTDR) traded up 2.51% during midday trading on Wednesday, hitting $23.66. 961,529 shares of the stock traded hands. Matador Resources Co. has a 52 week low of $11.13 and a 52 week high of $27.63. The stock’s market capitalization is $2.21 billion. The firm has a 50-day moving average price of $22.83 and a 200-day moving average price of $21.93.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, August 3rd. The energy company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.09. The company had revenue of $45.20 million for the quarter, compared to analyst estimates of $62.61 million. Matador Resources had a negative net margin of 269.02% and a negative return on equity of 1.92%. The firm’s revenue was down 42.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 EPS. On average, equities analysts predict that Matador Resources Co. will post ($0.13) earnings per share for the current fiscal year.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Matador Resources from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, October 12th. Mizuho assumed coverage on shares of Matador Resources in a research note on Wednesday, October 5th. They set a “neutral” rating and a $25.00 price objective on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $20.00 price objective on shares of Matador Resources in a research note on Friday, August 12th. Barclays PLC assumed coverage on shares of Matador Resources in a research note on Tuesday, June 21st. They set an “equal weight” rating and a $23.00 price objective on the stock. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Matador Resources in a research note on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Matador Resources presently has a consensus rating of “Buy” and an average price target of $25.02.
In other Matador Resources news, Director William M. Byerley bought 2,288 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average cost of $21.86 per share, for a total transaction of $50,015.68. Following the transaction, the director now directly owns 4,035 shares in the company, valued at $88,205.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joe A. Davis bought 8,767 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were acquired at an average price of $22.70 per share, for a total transaction of $199,010.90. Following the completion of the transaction, the director now owns 1,747 shares in the company, valued at $39,656.90. The disclosure for this purchase can be found here. Corporate insiders own 12.70% of the company’s stock.
Matador Resources Company 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 segment is oil and natural gas exploration and production.
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