First Trust Advisors LP increased its stake in shares of Matador Resources Company (NYSE:MTDR) by 15.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 124,470 shares of the energy company’s stock after purchasing an additional 16,727 shares during the period. First Trust Advisors LP owned approximately 0.12% of Matador Resources worth $3,379,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of Matador Resources by 53.9% during the 2nd quarter. BlackRock Inc. now owns 10,186,099 shares of the energy company’s stock worth $217,677,000 after purchasing an additional 3,566,950 shares during the period. Vanguard Group Inc. boosted its position in Matador Resources by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 7,302,038 shares of the energy company’s stock valued at $156,044,000 after buying an additional 241,175 shares during the period. Neuberger Berman Group LLC boosted its position in Matador Resources by 88.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 4,959,286 shares of the energy company’s stock valued at $105,980,000 after buying an additional 2,328,250 shares during the period. State Street Corp boosted its position in Matador Resources by 40.5% in the 2nd quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock valued at $101,655,000 after buying an additional 1,370,196 shares during the period. Finally, Beck Mack & Oliver LLC boosted its position in Matador Resources by 3.9% in the 2nd quarter. Beck Mack & Oliver LLC now owns 4,134,406 shares of the energy company’s stock valued at $88,352,000 after buying an additional 154,813 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Shares of Matador Resources Company (NYSE:MTDR) opened at $27.03 on Tuesday. Matador Resources Company has a one year low of $20.13 and a one year high of $29.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 0.60. The company has a market cap of $2,934.58, a price-to-earnings ratio of 50.11, a P/E/G ratio of 1.53 and a beta of 1.15.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Matador Resources had a net margin of 40.30% and a return on equity of 5.99%. The firm had revenue of $126.28 million for the quarter, compared to analyst estimates of $123.62 million. During the same period last year, the business earned $0.06 EPS. Matador Resources’s revenue for the quarter was up 42.3% compared to the same quarter last year. analysts predict that Matador Resources Company will post 0.59 earnings per share for the current fiscal year.

MTDR has been the subject of several recent research reports. BMO Capital Markets set a $29.00 price target on shares of Matador Resources and gave the company a “buy” rating in a research report on Tuesday, October 10th. Imperial Capital raised their price target on shares of Matador Resources from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. BidaskClub raised shares of Matador Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Royal Bank Of Canada set a $29.00 price target on shares of Matador Resources and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Matador Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $29.51.

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About Matador Resources

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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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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