Matador Resources Co (MTDR) Shares Sold by AMI Asset Management Corp
AMI Asset Management Corp reduced its stake in Matador Resources Co (NYSE:MTDR) by 31.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 173,025 shares of the energy company’s stock after selling 79,857 shares during the quarter. AMI Asset Management Corp’s holdings in Matador Resources were worth $5,386,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. State Street Corp lifted its holdings in Matador Resources by 40.5% during the second quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock valued at $101,655,000 after purchasing an additional 1,370,196 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Matador Resources by 3,072.3% during the second quarter. Principal Financial Group Inc. now owns 398,282 shares of the energy company’s stock valued at $8,511,000 after purchasing an additional 385,727 shares during the last quarter. Northpointe Capital LLC lifted its holdings in Matador Resources by 9.7% during the third quarter. Northpointe Capital LLC now owns 400,228 shares of the energy company’s stock valued at $10,866,000 after purchasing an additional 35,248 shares during the last quarter. TVR Capital Management LP purchased a new stake in Matador Resources during the second quarter valued at about $7,283,000. Finally, Artemis Investment Management LLP purchased a new stake in Matador Resources during the third quarter valued at about $2,656,000. 85.14% of the stock is currently owned by institutional investors.
Shares of Matador Resources Co (MTDR) opened at $32.18 on Wednesday. Matador Resources Co has a fifty-two week low of $20.13 and a fifty-two week high of $33.44. The stock has a market cap of $3,490.00, a PE ratio of 16.34, a PEG ratio of 1.09 and a beta of 1.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.58.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $123.62 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The company’s revenue for the quarter was up 42.3% on a year-over-year basis. research analysts predict that Matador Resources Co will post 0.66 EPS for the current year.
Several equities research analysts have commented on MTDR shares. BidaskClub raised shares of Matador Resources from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Northland Securities reaffirmed a “buy” rating and set a $33.00 price objective on shares of Matador Resources in a report on Tuesday, September 26th. Scotiabank reaffirmed a “buy” rating on shares of Matador Resources in a report on Tuesday, September 26th. Mizuho reaffirmed a “hold” rating and set a $24.00 price objective on shares of Matador Resources in a report on Friday, September 29th. Finally, BMO Capital Markets set a $29.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a report on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Matador Resources currently has an average rating of “Buy” and a consensus price target of $30.40.
In related news, Director David M. Posner acquired 1,035 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were bought at an average cost of $28.92 per share, for a total transaction of $29,932.20. Following the completion of the transaction, the director now owns 6,274 shares in the company, valued at $181,444.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.90% of the company’s stock.
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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