174,056 Shares in Matador Resources Co (NYSE:MTDR) Purchased by Marshall Wace North America L.P.

Marshall Wace North America L.P. acquired a new stake in Matador Resources Co (NYSE:MTDR) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 174,056 shares of the energy company’s stock, valued at approximately $3,364,000. Marshall Wace North America L.P. owned approximately 0.15% of Matador Resources at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTDR. Marshall Wace LLP bought a new stake in Matador Resources during the first quarter valued at $74,000. Value Holdings Management CO. LLC boosted its stake in Matador Resources by 0.3% during the first quarter. Value Holdings Management CO. LLC now owns 215,500 shares of the energy company’s stock valued at $4,165,000 after buying an additional 700 shares during the period. King Luther Capital Management Corp boosted its stake in Matador Resources by 181.0% during the first quarter. King Luther Capital Management Corp now owns 168,425 shares of the energy company’s stock valued at $3,256,000 after buying an additional 108,480 shares during the period. Connors Investor Services Inc. boosted its stake in Matador Resources by 1.1% during the first quarter. Connors Investor Services Inc. now owns 63,185 shares of the energy company’s stock valued at $1,221,000 after buying an additional 678 shares during the period. Finally, Zions Bancorporation N.A. bought a new stake in Matador Resources during the first quarter valued at $91,000. 94.99% of the stock is owned by hedge funds and other institutional investors.

Matador Resources stock traded up $0.05 during trading hours on Friday, hitting $19.68. 1,231,819 shares of the stock traded hands, compared to its average volume of 2,673,792. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.78. The business’s 50-day moving average price is $17.97. Matador Resources Co has a one year low of $13.97 and a one year high of $34.90. The stock has a market capitalization of $2.29 billion, a P/E ratio of 12.15, a PEG ratio of 0.88 and a beta of 1.98.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Matador Resources had a return on equity of 9.57% and a net margin of 22.37%. The firm had revenue of $173.89 million for the quarter, compared to analysts’ expectations of $198.76 million. During the same period in the previous year, the firm posted $0.36 EPS. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. On average, equities research analysts predict that Matador Resources Co will post 1.26 earnings per share for the current year.

Several research firms have recently commented on MTDR. MKM Partners upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, May 28th. Imperial Capital reiterated an “outperform” rating and issued a $33.00 price objective (up previously from $31.00) on shares of Matador Resources in a report on Monday, April 1st. Wells Fargo & Co reiterated a “buy” rating on shares of SM Energy in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. raised their target price on Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the stock a “neutral” rating in a research note on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $33.07.

In related news, Director Kenneth L. Stewart bought 5,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was acquired at an average cost of $17.76 per share, for a total transaction of $88,800.00. Following the purchase, the director now owns 37,532 shares in the company, valued at $666,568.32. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, President Matthew V. Hairford acquired 2,000 shares of Matador Resources stock in a transaction dated Friday, June 7th. The stock was bought at an average price of $16.78 per share, with a total value of $33,560.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 13,000 shares of company stock valued at $222,160. 6.90% of the stock is owned by company insiders.

Matador Resources Company Profile

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

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