Sei Investments Co. Increases Stake in Matador Resources Company (MTDR)
Sei Investments Co. grew its position in shares of Matador Resources Company (NYSE:MTDR) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,498 shares of the energy company’s stock after buying an additional 4,497 shares during the quarter. Sei Investments Co. owned approximately 0.13% of Matador Resources worth $3,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Matador Resources by 7.0% in the 1st quarter. Principal Financial Group Inc. now owns 12,555 shares of the energy company’s stock worth $299,000 after purchasing an additional 816 shares during the last quarter. Legal & General Group Plc lifted its holdings in Matador Resources by 3.7% in the 1st quarter. Legal & General Group Plc now owns 30,173 shares of the energy company’s stock worth $718,000 after purchasing an additional 1,089 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in Matador Resources in the 2nd quarter worth approximately $165,000. LS Investment Advisors LLC acquired a new stake in Matador Resources in the 2nd quarter worth approximately $155,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Matador Resources in the 2nd quarter worth approximately $519,000. Institutional investors and hedge funds own 85.36% of the company’s stock.
Several equities research analysts recently weighed in on the company. Scotiabank restated a “buy” rating and issued a $26.00 target price on shares of Matador Resources in a report on Thursday, August 3rd. Barclays set a $25.00 target price on Matador Resources and gave the stock a “hold” rating in a report on Wednesday, October 11th. BidaskClub upgraded Matador Resources from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. SunTrust Banks restated a “buy” rating and issued a $32.00 target price on shares of Matador Resources in a report on Friday, November 10th. Finally, Royal Bank Of Canada lifted their price target on Matador Resources from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 13th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Matador Resources currently has a consensus rating of “Buy” and an average price target of $30.00.
Shares of Matador Resources Company (NYSE MTDR) traded up $0.45 during midday trading on Wednesday, reaching $27.99. The company’s stock had a trading volume of 619,400 shares, compared to its average volume of 1,550,265. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.58. The company has a market cap of $3,075.56, a P/E ratio of 52.52, a P/E/G ratio of 1.49 and a beta of 1.15. Matador Resources Company has a 52 week low of $20.13 and a 52 week high of $29.48.
Matador Resources (NYSE:MTDR) last issued 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. The company had revenue of $126.28 million for the quarter, compared to the consensus estimate of $123.62 million. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The company’s revenue for the quarter was up 42.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. sell-side analysts expect that Matador Resources Company will post 0.63 earnings per share for the current year.
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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