Icon Advisers Inc. Co. Has $6,056,000 Stake in Matador Resources Company (MTDR)
Icon Advisers Inc. Co. held its stake in Matador Resources Company (NYSE:MTDR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 283,400 shares of the energy company’s stock at the close of the second quarter. Icon Advisers Inc. Co. owned about 0.28% of Matador Resources worth $6,056,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. FNY Partners Fund LP lifted its holdings in shares of Matador Resources by 66.7% in the first quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock valued at $118,000 after buying an additional 2,000 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Matador Resources in the first quarter valued at $120,000. Dubuque Bank & Trust Co. lifted its holdings in shares of Matador Resources by 4.0% in the second quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock valued at $152,000 after buying an additional 275 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Matador Resources by 10.8% in the first quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock valued at $153,000 after buying an additional 682 shares during the period. Finally, LS Investment Advisors LLC acquired a new stake in shares of Matador Resources in the second quarter valued at $155,000. Institutional investors own 91.96% of the company’s stock.
MTDR has been the subject of several research analyst reports. BidaskClub upgraded Matador Resources from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada restated a “buy” rating and issued a $28.00 price objective on shares of Matador Resources in a report on Thursday, July 20th. Northland Securities set a $33.00 price objective on Matador Resources and gave the company a “buy” rating in a report on Monday, July 17th. Scotiabank set a $26.00 price objective on Matador Resources and gave the company a “buy” rating in a report on Saturday, July 1st. Finally, BMO Capital Markets set a $23.00 price objective on Matador Resources and gave the company a “buy” rating in a report on Monday, June 26th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $28.63.
In related news, Director David M. Posner purchased 4,115 shares of Matador Resources stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of $24.10 per share, for a total transaction of $99,171.50. Following the transaction, the director now directly owns 6,274 shares of the company’s stock, valued at $151,203.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 11.90% of the stock is owned by company insiders.
Shares of Matador Resources Company (NYSE:MTDR) traded up 2.08% during midday trading on Thursday, hitting $24.51. The stock had a trading volume of 223,965 shares. The firm has a market capitalization of $2.46 billion, a PE ratio of 12.67 and a beta of 1.23. The firm’s 50-day moving average price is $23.63 and its 200-day moving average price is $23.00. Matador Resources Company has a one year low of $19.99 and a one year high of $28.51.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The business had revenue of $115.90 million for the quarter, compared to analyst estimates of $112.21 million. During the same period last year, the company earned ($0.01) EPS. The firm’s revenue was up 65.1% on a year-over-year basis. On average, equities analysts predict that Matador Resources Company will post $0.49 EPS for the current year.
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 segments include exploration and production, and midstream.
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