Cerebellum GP LLC increased its position in Matador Resources Co (NYSE:MTDR) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,810 shares of the energy company’s stock after buying an additional 5,826 shares during the period. Cerebellum GP LLC’s holdings in Matador Resources were worth $572,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of MTDR. Tower Research Capital LLC TRC acquired a new stake in shares of Matador Resources in the 2nd quarter valued at about $30,000. Nisa Investment Advisors LLC grew its stake in shares of Matador Resources by 149.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,860 shares of the energy company’s stock valued at $64,000 after buying an additional 2,310 shares during the period. Marshall Wace LLP acquired a new stake in shares of Matador Resources in the 1st quarter valued at about $74,000. Denali Advisors LLC acquired a new stake in shares of Matador Resources in the 3rd quarter valued at about $91,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Matador Resources by 27.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,468 shares of the energy company’s stock valued at $123,000 after buying an additional 1,630 shares during the period.
In other news, CAO Robert T. Macalik bought 1,900 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $13.95 per share, with a total value of $26,505.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Joseph Wm Foran bought 10,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were purchased at an average cost of $14.08 per share, for a total transaction of $140,800.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 33,250 shares of company stock valued at $468,854 in the last quarter. Company insiders own 6.90% of the company’s stock.
Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, October 29th. The energy company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The business had revenue of $279.40 million during the quarter, compared to the consensus estimate of $227.69 million. Matador Resources had a return on equity of 7.51% and a net margin of 20.35%. The company’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. As a group, sell-side analysts forecast that Matador Resources Co will post 1.08 earnings per share for the current fiscal year.
Several analysts have recently commented on the company. Stifel Nicolaus set a $22.00 target price on Matador Resources and gave the company a “buy” rating in a research note on Monday, September 30th. Wells Fargo & Co cut their price target on Matador Resources from $28.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. ValuEngine upgraded Matador Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $17.00 to $22.00 in a research note on Friday, October 4th. Finally, Northland Securities reiterated a “buy” rating and set a $22.00 price target on shares of Matador Resources in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Matador Resources presently has a consensus rating of “Buy” and an average target price of $24.58.
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.
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