Oregon Public Employees Retirement Fund increased its holdings in shares of Matador Resources Co (NYSE:MTDR) by 9.3% in the 2nd quarter, Holdings Channel reports. The firm owned 39,777 shares of the energy company’s stock after acquiring an additional 3,397 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Matador Resources were worth $1,195,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mount Yale Investment Advisors LLC acquired a new position in shares of Matador Resources during the 1st quarter worth about $127,000. Cerebellum GP LLC acquired a new position in shares of Matador Resources during the 2nd quarter worth about $177,000. Fortaleza Asset Management Inc. lifted its position in shares of Matador Resources by 41.2% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 5,965 shares of the energy company’s stock worth $179,000 after purchasing an additional 1,740 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Matador Resources in the 1st quarter valued at approximately $205,000. Finally, Dubuque Bank & Trust Co. raised its holdings in Matador Resources by 46.8% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 8,869 shares of the energy company’s stock valued at $267,000 after acquiring an additional 2,828 shares in the last quarter. 89.14% of the stock is owned by institutional investors and hedge funds.

Shares of MTDR opened at $30.88 on Tuesday. Matador Resources Co has a 1 year low of $24.04 and a 1 year high of $35.22. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $3.61 billion, a PE ratio of 25.88, a P/E/G ratio of 0.85 and a beta of 1.51.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, August 1st. The energy company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. Matador Resources had a return on equity of 9.84% and a net margin of 24.93%. The business had revenue of $211.37 million during the quarter, compared to analysts’ expectations of $185.07 million. During the same period in the prior year, the firm posted $0.36 EPS. Matador Resources’s quarterly revenue was up 63.1% compared to the same quarter last year. equities research analysts expect that Matador Resources Co will post 1.46 earnings per share for the current year.

MTDR has been the subject of several recent research reports. Imperial Capital set a $43.00 price target on Matador Resources and gave the company a “buy” rating in a report on Thursday, May 24th. ValuEngine cut Matador Resources from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Stifel Nicolaus set a $41.00 price target on Matador Resources and gave the company a “buy” rating in a report on Wednesday, June 6th. TheStreet cut Matador Resources from a “b” rating to a “c+” rating in a report on Friday, June 15th. Finally, KLR Group raised Matador Resources from a “hold” rating to a “buy” rating and upped their price target for the company from $28.00 to $36.00 in a report on Friday, June 29th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $37.43.

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: Hedge Funds – Risk or Reward?

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

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