Morgan Stanley decreased its stake in Matador Resources Company (NYSE:MTDR) by 46.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 215,064 shares of the energy company’s stock after selling 182,938 shares during the period. Morgan Stanley owned approximately 0.21% of Matador Resources worth $5,116,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Matador Resources during the first quarter worth approximately $120,000. Parallel Advisors LLC increased its stake in Matador Resources by 10.8% in the first quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock worth $153,000 after buying an additional 682 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new stake in Matador Resources during the first quarter valued at $162,000. Ameritas Investment Partners Inc. purchased a new stake in Matador Resources during the first quarter valued at $178,000. Finally, Comerica Bank boosted its stake in Matador Resources by 5.3% in the first quarter. Comerica Bank now owns 9,198 shares of the energy company’s stock valued at $202,000 after buying an additional 461 shares during the period. Hedge funds and other institutional investors own 89.02% of the company’s stock.
Matador Resources Company (NYSE:MTDR) traded up 1.66% during trading on Friday, hitting $23.24. 1,185,605 shares of the stock were exchanged. The stock’s 50-day moving average price is $23.12 and its 200-day moving average price is $23.42. Matador Resources Company has a 12-month low of $19.99 and a 12-month high of $28.51. The firm has a market cap of $2.33 billion, a PE ratio of 12.01 and a beta of 1.20.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. The firm had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $112.21 million. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The company’s quarterly revenue was up 65.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.01) EPS. On average, equities analysts expect that Matador Resources Company will post $0.48 EPS for the current year.
Several research firms have recently weighed in on MTDR. Zacks Investment Research cut shares of Matador Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. BMO Capital Markets set a $26.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a research report on Saturday, August 12th. Scotiabank reissued a “buy” rating and issued a $26.00 price target on shares of Matador Resources in a research report on Thursday, August 3rd. KLR Group raised their price target on shares of Matador Resources from $24.00 to $25.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $28.00 price target on shares of Matador Resources in a research report on Thursday, July 20th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $28.80.
In other news, Director Julia P. Forrester acquired 1,255 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was purchased at an average cost of $23.96 per share, with a total value of $30,069.80. Following the acquisition, the director now owns 3,399 shares of the company’s stock, valued at approximately $81,440.04. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Joseph Wm Foran sold 11,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $23.12, for a total value of $254,320.00. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.
About Matador Resources
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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