Matador Resources Co (MTDR) Position Reduced by Teacher Retirement System of Texas

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Teacher Retirement System of Texas lowered its position in Matador Resources Co (NYSE:MTDR) by 8.3% in the second quarter, HoldingsChannel.com reports. The firm owned 19,817 shares of the energy company’s stock after selling 1,794 shares during the quarter. Teacher Retirement System of Texas’ holdings in Matador Resources were worth $596,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Matador Resources by 4.7% during the 2nd quarter. Rhumbline Advisers now owns 189,204 shares of the energy company’s stock worth $5,686,000 after purchasing an additional 8,472 shares in the last quarter. Cannell Peter B & Co. Inc. increased its stake in shares of Matador Resources by 87.8% during the 2nd quarter. Cannell Peter B & Co. Inc. now owns 111,225 shares of the energy company’s stock worth $3,342,000 after purchasing an additional 52,000 shares in the last quarter. Sei Investments Co. increased its stake in shares of Matador Resources by 19.3% during the 2nd quarter. Sei Investments Co. now owns 105,781 shares of the energy company’s stock worth $3,178,000 after purchasing an additional 17,090 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Matador Resources during the 2nd quarter worth approximately $839,000. Finally, Pitcairn Co. increased its stake in shares of Matador Resources by 49.6% during the 2nd quarter. Pitcairn Co. now owns 19,124 shares of the energy company’s stock worth $575,000 after purchasing an additional 6,339 shares in the last quarter. Hedge funds and other institutional investors own 89.14% of the company’s stock.

A number of research analysts have recently weighed in on MTDR shares. KLR Group raised shares of Matador Resources from a “hold” rating to a “buy” rating and raised their price objective for the stock from $28.00 to $36.00 in a research note on Friday, June 29th. ValuEngine raised shares of Matador Resources from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. BMO Capital Markets set a $34.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a research note on Sunday, August 12th. TheStreet raised shares of Matador Resources from a “c+” rating to a “b” rating in a research note on Tuesday, July 17th. Finally, Imperial Capital set a $43.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a research note on Thursday, May 24th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $37.43.

MTDR stock opened at $31.98 on Wednesday. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 0.87 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.22 and a quick ratio of 1.17. Matador Resources Co has a one year low of $22.87 and a one year high of $35.22.

Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, August 1st. The energy company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.08. The firm had revenue of $211.37 million during the quarter, compared to analysts’ expectations of $185.07 million. Matador Resources had a net margin of 24.93% and a return on equity of 9.84%. Matador Resources’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. sell-side analysts expect that Matador Resources Co will post 1.46 EPS for the current year.

Matador Resources 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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