Connors Investor Services Inc. Grows Position in Matador Resources Company (MTDR)
Connors Investor Services Inc. boosted its holdings in Matador Resources Company (NYSE:MTDR) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,883 shares of the energy company’s stock after purchasing an additional 1,434 shares during the quarter. Connors Investor Services Inc. owned about 0.08% of Matador Resources worth $1,643,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Dubuque Bank & Trust Co. increased its stake in Matador Resources by 4.0% in the 2nd 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. Comerica Bank increased its stake in Matador Resources by 5.3% in the 1st quarter. Comerica Bank now owns 9,198 shares of the energy company’s stock valued at $202,000 after buying an additional 461 shares during the period. Amalgamated Bank increased its stake in Matador Resources by 5.0% in the 1st quarter. Amalgamated Bank now owns 10,694 shares of the energy company’s stock valued at $254,000 after buying an additional 506 shares during the period. ZWJ Investment Counsel Inc. increased its stake in Matador Resources by 2.7% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 21,667 shares of the energy company’s stock valued at $515,000 after buying an additional 564 shares during the period. Finally, Parallel Advisors LLC increased its stake in Matador Resources by 10.8% in the 1st 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. Hedge funds and other institutional investors own 91.64% of the company’s stock.
Matador Resources Company (NYSE:MTDR) opened at 25.47 on Friday. Matador Resources Company has a 1-year low of $19.99 and a 1-year high of $28.51. The stock’s 50 day moving average is $23.63 and its 200-day moving average is $23.00. The firm has a market capitalization of $2.56 billion, a PE ratio of 13.16 and a beta of 1.23.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. The business had revenue of $115.90 million for the quarter, compared to analysts’ expectations of $112.21 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The company’s revenue was up 65.1% on a year-over-year basis. Equities research analysts forecast that Matador Resources Company will post $0.49 EPS for the current year.
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Several equities analysts have issued reports on the stock. Scotiabank reissued a “buy” rating and issued a $26.00 price objective on shares of Matador Resources in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $34.00 price objective on shares of Matador Resources in a research note on Friday, June 16th. Northland Securities set a $33.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research note on Monday, July 17th. Credit Suisse Group assumed coverage on shares of Matador Resources in a research note on Thursday, June 1st. They issued an “outperform” rating and a $34.00 price objective on the stock. Finally, BidaskClub raised shares of Matador Resources from a “hold” rating to a “buy” rating in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $28.63.
In related news, Director David M. Posner acquired 4,115 shares of the business’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 6,274 shares in the company, valued at $151,203.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.90% of the stock is owned by insiders.
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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