Amarillo National Bank trimmed its position in shares of Matador Resources Co (NYSE:MTDR) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,337 shares of the energy company’s stock after selling 19,298 shares during the period. Matador Resources makes up about 1.3% of Amarillo National Bank’s holdings, making the stock its 13th largest holding. Amarillo National Bank owned about 0.11% of Matador Resources worth $3,840,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Advisor Group Inc. raised its stake in Matador Resources by 164.4% in the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock valued at $119,000 after buying an additional 2,727 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new position in shares of Matador Resources during the third quarter worth about $167,000. Teacher Retirement System of Texas purchased a new position in shares of Matador Resources during the third quarter worth about $202,000. Crossmark Global Holdings Inc. purchased a new position in shares of Matador Resources during the third quarter worth about $209,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Matador Resources during the third quarter worth about $227,000. Institutional investors own 85.14% of the company’s stock.
In related news, Director David M. Posner purchased 1,035 shares of Matador Resources stock in a transaction dated Monday, December 4th. The stock was bought at an average cost of $28.92 per share, for a total transaction of $29,932.20. Following the transaction, the director now owns 6,274 shares in the company, valued at $181,444.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.90% of the stock is currently owned by company insiders.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Monday, November 6th. The energy company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The company had revenue of $126.28 million for the quarter, compared to analyst estimates of $123.62 million. During the same quarter in the previous year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 42.3% compared to the same quarter last year. equities analysts predict that Matador Resources Co will post 0.66 EPS for the current fiscal year.
Several brokerages have issued reports on MTDR. Mizuho raised Matador Resources from a “neutral” rating to a “buy” rating in a report on Tuesday. Northland Securities set a $35.00 price objective on Matador Resources and gave the stock a “buy” rating in a report on Monday, November 13th. Royal Bank of Canada raised their price target on Matador Resources from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. SunTrust Banks reissued a “buy” rating and set a $32.00 price target on shares of Matador Resources in a report on Friday, November 10th. Finally, Imperial Capital raised their price target on Matador Resources from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Matador Resources presently has a consensus rating of “Buy” and a consensus target price of $30.40.
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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