Commonwealth Equity Services LLC raised its holdings in shares of Matador Resources Co (NYSE:MTDR) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,141 shares of the energy company’s stock after buying an additional 4,167 shares during the period. Commonwealth Equity Services LLC owned about 0.05% of Matador Resources worth $1,807,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MTDR. Mount Yale Investment Advisors LLC purchased a new stake in shares of Matador Resources during the first quarter valued at approximately $127,000. Cerebellum GP LLC purchased a new stake in shares of Matador Resources during the second quarter valued at approximately $177,000. Fortaleza Asset Management Inc. raised its stake in shares of Matador Resources by 41.2% during the second quarter. Fortaleza Asset Management Inc. now owns 5,965 shares of the energy company’s stock valued at $179,000 after purchasing an additional 1,740 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Matador Resources during the first quarter valued at approximately $205,000. Finally, Dubuque Bank & Trust Co. raised its stake in shares of Matador Resources by 46.8% during the second quarter. Dubuque Bank & Trust Co. now owns 8,869 shares of the energy company’s stock valued at $267,000 after purchasing an additional 2,828 shares during the period. 82.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:MTDR opened at $30.59 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.22 and a quick ratio of 1.17. The firm has a market capitalization of $3.81 billion, a P/E ratio of 42.64, a P/E/G ratio of 0.86 and a beta of 1.25. Matador Resources Co has a 12-month low of $22.52 and a 12-month high of $35.22.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, August 1st. The energy company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. The business had revenue of $211.37 million during the quarter, compared to analyst estimates of $185.07 million. Matador Resources had a net margin of 24.93% and a return on equity of 9.84%. The business’s revenue was up 63.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. equities research analysts predict that Matador Resources Co will post 1.48 earnings per share for the current year.

A number of analysts have recently issued reports on the stock. Northland Securities set a $39.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research note on Friday, August 3rd. BMO Capital Markets set a $34.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research note on Sunday, August 12th. ValuEngine upgraded shares of Matador Resources from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. TheStreet lowered shares of Matador Resources from a “b” rating to a “c+” rating in a research note on Friday, June 15th. Finally, Imperial Capital lifted their price objective on shares of Matador Resources from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, August 3rd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $37.29.

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.

Further Reading: Price to Earnings Ratio (PE) Basics

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

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