Pier Capital LLC lessened its position in shares of Matador Resources Co (NYSE:MTDR) by 19.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,941 shares of the energy company’s stock after selling 48,397 shares during the period. Pier Capital LLC owned about 0.18% of Matador Resources worth $6,069,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its holdings in shares of Matador Resources by 22.5% in the 3rd quarter. New York State Common Retirement Fund now owns 126,888 shares of the energy company’s stock valued at $3,445,000 after acquiring an additional 23,274 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Matador Resources by 3.4% in the 3rd quarter. Sei Investments Co. now owns 136,498 shares of the energy company’s stock valued at $3,707,000 after acquiring an additional 4,497 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Matador Resources by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,179,777 shares of the energy company’s stock valued at $32,031,000 after acquiring an additional 36,969 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Matador Resources by 8.5% in the 3rd quarter. Legal & General Group Plc now owns 76,379 shares of the energy company’s stock valued at $2,074,000 after acquiring an additional 5,975 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Matador Resources in the 3rd quarter valued at about $264,000. Hedge funds and other institutional investors own 87.59% of the company’s stock.
Shares of Matador Resources stock opened at $28.87 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. The stock has a market cap of $3,154.01, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 0.81 and a beta of 1.29. Matador Resources Co has a 1 year low of $20.13 and a 1 year high of $33.96.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm had revenue of $168.40 million during the quarter, compared to the consensus estimate of $148.89 million. Matador Resources had a net margin of 22.64% and a return on equity of 7.11%. During the same period last year, the business posted $0.08 earnings per share. sell-side analysts anticipate that Matador Resources Co will post 1.29 EPS for the current fiscal year.
MTDR has been the subject of several analyst reports. Northland Securities set a $33.00 price objective on Matador Resources and gave the company a “buy” rating in a report on Monday, December 11th. Royal Bank of Canada set a $32.00 price target on Matador Resources and gave the stock a “buy” rating in a report on Wednesday, December 20th. Zacks Investment Research upgraded Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Friday, January 19th. Stifel Nicolaus set a $36.00 price target on Matador Resources and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Stephens set a $40.00 price target on Matador Resources and gave the stock a “buy” rating in a report on Friday, February 23rd. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $32.76.
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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