Bank of New York Mellon Corp Has $24.42 Million Holdings in Matador Resources Company (MTDR)
Bank of New York Mellon Corp boosted its stake in shares of Matador Resources Company (NYSE:MTDR) by 126.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,142,808 shares of the energy company’s stock after acquiring an additional 637,703 shares during the quarter. Bank of New York Mellon Corp owned about 1.14% of Matador Resources worth $24,422,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. FNY Partners Fund LP increased its stake in Matador Resources by 66.7% during the first quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock worth $118,000 after acquiring an additional 2,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Matador Resources during the first quarter worth approximately $120,000. Dubuque Bank & Trust Co. increased its stake in Matador Resources by 4.0% during the second quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after acquiring an additional 275 shares during the last quarter. Parallel Advisors LLC increased its stake in Matador Resources by 10.8% during the first quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock worth $153,000 after acquiring an additional 682 shares during the last quarter. Finally, LS Investment Advisors LLC bought a new stake in Matador Resources during the second quarter worth approximately $155,000. 91.96% of the stock is currently owned by institutional investors.
MTDR has been the topic of several analyst reports. BidaskClub raised Matador Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and set a $28.00 price objective on shares of Matador Resources in a research note on Thursday, July 20th. Northland Securities set a $33.00 price objective on Matador Resources and gave the stock a “buy” rating in a research note on Monday, July 17th. Scotiabank set a $26.00 price objective on Matador Resources and gave the stock a “buy” rating in a research note on Saturday, July 1st. Finally, BMO Capital Markets set a $23.00 price objective on Matador Resources and gave the stock a “buy” rating in a research note on Monday, June 26th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $28.63.
In related news, Director David M. Posner bought 4,115 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average price of $24.10 per share, for a total transaction of $99,171.50. Following the acquisition, the director now owns 6,274 shares of the company’s stock, valued at $151,203.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.90% of the stock is currently owned by company insiders.
Shares of Matador Resources Company (NYSE MTDR) opened at 23.92 on Friday. Matador Resources Company has a one year low of $19.99 and a one year high of $28.51. The company has a 50 day moving average price of $23.62 and a 200-day moving average price of $23.02. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 12.36 and a beta of 1.23.
Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. The firm had revenue of $115.90 million during the quarter, compared to the consensus estimate of $112.21 million. During the same quarter last year, the firm earned ($0.01) EPS. The firm’s revenue for the quarter was up 65.1% on a year-over-year basis. Equities analysts predict that Matador Resources Company will post $0.49 earnings per share for the current fiscal year.
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Matador Resources 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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