Victory Capital Management Inc. decreased its position in Matador Resources (NYSE:MTDR) by 24.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 279,918 shares of the energy company’s stock after selling 92,844 shares during the quarter. Victory Capital Management Inc. owned about 0.26% of Matador Resources worth $8,372,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Matador Resources by 36.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock valued at $187,000 after buying an additional 1,617 shares during the period. Strs Ohio lifted its holdings in shares of Matador Resources by 125.9% in the fourth quarter. Strs Ohio now owns 6,100 shares of the energy company’s stock valued at $189,000 after buying an additional 3,400 shares during the period. Creative Planning acquired a new stake in shares of Matador Resources in the fourth quarter valued at $201,000. Driehaus Capital Management LLC acquired a new stake in shares of Matador Resources in the fourth quarter valued at $202,000. Finally, Shelton Capital Management acquired a new stake in shares of Matador Resources in the fourth quarter valued at $222,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
Matador Resources opened at $31.80 on Wednesday, MarketBeat Ratings reports. The firm has a market cap of $3.85 billion, a P/E ratio of 44.17, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18. Matador Resources has a 1-year low of $20.13 and a 1-year high of $35.22. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 0.42.
Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, May 2nd. The energy company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. Matador Resources had a return on equity of 8.31% and a net margin of 23.15%. The firm had revenue of $182.00 million for the quarter, compared to the consensus estimate of $168.16 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The business’s quarterly revenue was up 58.5% compared to the same quarter last year. equities research analysts predict that Matador Resources will post 1.44 EPS for the current year.
A number of equities research analysts have recently issued reports on MTDR shares. ValuEngine raised Matador Resources from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Stifel Nicolaus set a $36.00 target price on Matador Resources and gave the stock a “buy” rating in a research report on Monday, January 29th. Royal Bank of Canada set a $36.00 target price on Matador Resources and gave the stock a “buy” rating in a research report on Monday, March 12th. They noted that the move was a valuation call. Northland Securities set a $35.00 target price on Matador Resources and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Finally, Stephens set a $40.00 target price on Matador Resources and gave the stock a “buy” rating in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $34.27.
About Matador Resources
Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates in two segments, Exploration and Production, and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.
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