Deutsche Bank AG lifted its holdings in shares of Matador Resources Co (NYSE:MTDR) by 104.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 734,345 shares of the energy company’s stock after purchasing an additional 374,770 shares during the quarter. Deutsche Bank AG owned 0.63% of Matador Resources worth $11,403,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Capital Impact Advisors LLC raised its position in Matador Resources by 15.6% in the 4th quarter. Capital Impact Advisors LLC now owns 80,982 shares of the energy company’s stock valued at $1,254,000 after buying an additional 10,905 shares during the last quarter. Lake Point Wealth Management acquired a new position in shares of Matador Resources during the 4th quarter worth approximately $153,000. Bank of New York Mellon Corp increased its position in shares of Matador Resources by 2.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,363,023 shares of the energy company’s stock worth $45,048,000 after purchasing an additional 36,268 shares during the last quarter. Advisor Group Inc. increased its position in shares of Matador Resources by 16.3% during the 4th quarter. Advisor Group Inc. now owns 11,529 shares of the energy company’s stock worth $179,000 after purchasing an additional 1,615 shares during the last quarter. Finally, Griffin Asset Management Inc. increased its position in shares of Matador Resources by 35.6% during the 3rd quarter. Griffin Asset Management Inc. now owns 18,460 shares of the energy company’s stock worth $610,000 after purchasing an additional 4,850 shares during the last quarter. 93.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE MTDR opened at $21.05 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. Matador Resources Co has a 12 month low of $13.97 and a 12 month high of $35.22. The company has a market cap of $2.42 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.89 and a beta of 1.87.
Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, February 26th. The energy company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.10. Matador Resources had a return on equity of 11.24% and a net margin of 30.48%. The company had revenue of $202.10 million during the quarter, compared to the consensus estimate of $202.83 million. During the same period in the previous year, the company posted $0.25 EPS. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. On average, research analysts expect that Matador Resources Co will post 1.25 EPS for the current year.
Several research analysts have weighed in on the company. Wells Fargo & Co reaffirmed a “hold” rating on shares of Matador Resources in a research report on Friday, April 12th. Zacks Investment Research lowered Matador Resources from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Northland Securities reaffirmed a “buy” rating and set a $32.00 price target on shares of Matador Resources in a research report on Tuesday, February 26th. Raymond James set a $24.00 price target on Matador Resources and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Finally, Capital One Financial lowered Matador Resources from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.13.
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About Matador Resources
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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