Principal Financial Group Inc. decreased its position in shares of Matador Resources Co (NYSE:MTDR) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,574 shares of the energy company’s stock after selling 16,708 shares during the quarter. Principal Financial Group Inc. owned approximately 0.35% of Matador Resources worth $10,359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTDR. TD Asset Management Inc. lifted its holdings in Matador Resources by 2.5% during the 2nd quarter. TD Asset Management Inc. now owns 36,200 shares of the energy company’s stock worth $774,000 after buying an additional 897 shares during the period. US Bancorp DE lifted its holdings in Matador Resources by 11.7% during the 2nd quarter. US Bancorp DE now owns 11,303 shares of the energy company’s stock worth $241,000 after buying an additional 1,184 shares during the period. Connors Investor Services Inc. lifted its holdings in Matador Resources by 1.9% during the 2nd quarter. Connors Investor Services Inc. now owns 76,883 shares of the energy company’s stock worth $1,643,000 after buying an additional 1,434 shares during the period. Parallel Advisors LLC lifted its holdings in Matador Resources by 24.0% during the 2nd quarter. Parallel Advisors LLC now owns 8,659 shares of the energy company’s stock worth $210,000 after buying an additional 1,677 shares during the period. Finally, Amalgamated Bank lifted its holdings in Matador Resources by 19.8% during the 2nd quarter. Amalgamated Bank now owns 12,813 shares of the energy company’s stock worth $274,000 after buying an additional 2,119 shares during the period. 85.37% of the stock is currently owned by institutional investors.

Several research analysts have commented on MTDR shares. BMO Capital Markets set a $29.00 target price on Matador Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. Mizuho set a $28.00 target price on Matador Resources and gave the stock a “hold” rating in a report on Saturday, November 25th. Imperial Capital lifted their target price on Matador Resources from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. BidaskClub raised Matador Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, Zacks Investment Research raised Matador Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $30.00.

Matador Resources Co (MTDR) traded up $0.54 during mid-day trading on Monday, hitting $29.14. The stock had a trading volume of 1,625,800 shares, compared to its average volume of 1,546,686. Matador Resources Co has a 1 year low of $20.13 and a 1 year high of $29.76. 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 $3,160.15, a price-to-earnings ratio of 53.96, a PEG ratio of 1.43 and a beta of 1.16.

Matador Resources (NYSE:MTDR) last issued its earnings results on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The business had revenue of $126.28 million during the quarter, compared to analyst estimates of $123.62 million. During the same period in the previous year, the company posted $0.06 EPS. The firm’s revenue was up 42.3% compared to the same quarter last year. equities analysts forecast that Matador Resources Co will post 0.63 earnings per share for the current year.

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

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