Trading Report: Today, Virginia Retirement Systems ET AL Continues to Hold Stake in Matador Resources Co. (MTDR)

Today, Virginia Retirement Systems ET AL Continues to Hold Stake in Matador Resources Co. (MTDR)

Virginia Retirement Systems ET AL continued to hold its position in shares of Matador Resources Co. (NYSE:MTDR) during the third quarter, Holdings Channel reports. The institutional investor owned 12,400 shares of the energy company’s stock at the end of the third quarter. Virginia Retirement Systems ET AL’s holdings in Matador Resources were worth $302,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MTDR. Wellington Management Group LLP acquired a new position in shares of Matador Resources during the first quarter worth about $21,278,000. Cannell Peter B & Co. Inc. increased its position in shares of Matador Resources by 385.6% in the second quarter. Cannell Peter B & Co. Inc. now owns 805,575 shares of the energy company’s stock worth $15,950,000 after buying an additional 639,675 shares in the last quarter. Chartwell Investment Partners LLC acquired a new position in shares of Matador Resources during the second quarter worth about $8,579,000. Fiera Capital Corp acquired a new position in shares of Matador Resources during the second quarter worth about $7,130,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Matador Resources by 12.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,414,353 shares of the energy company’s stock worth $47,804,000 after buying an additional 272,502 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Matador Resources Co. (NYSE:MTDR) traded down 1.47% during midday trading on Friday, reaching $25.41. The company’s stock had a trading volume of 334,181 shares. The firm’s 50-day moving average price is $23.39 and its 200-day moving average price is $22.40. The stock’s market capitalization is $2.38 billion. Matador Resources Co. has a 52 week low of $11.13 and a 52 week high of $26.14.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, November 1st. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.07. Matador Resources had a negative return on equity of 1.60% and a negative net margin of 176.09%. The company had revenue of $88.70 million for the quarter, compared to analysts’ expectations of $78.07 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. On average, analysts anticipate that Matador Resources Co. will post ($0.05) earnings per share for the current year.

Several equities analysts have recently weighed in on MTDR shares. Zacks Investment Research upgraded Matador Resources from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, October 5th. KLR Group upgraded Matador Resources from a “hold” rating to an “accumulate” rating and set a $25.00 target price on the stock in a research report on Wednesday, September 21st. Mizuho started coverage on Matador Resources in a research report on Wednesday, October 5th. They issued a “neutral” rating and a $25.00 target price on the stock. FBR & Co set a $30.00 target price on Matador Resources and gave the company a “buy” rating in a research report on Wednesday, November 2nd. Finally, Canaccord Genuity restated a “hold” rating and issued a $20.00 target price on shares of Matador Resources in a research report on Friday, August 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Matador Resources presently has an average rating of “Buy” and an average price target of $24.02.

In other Matador Resources news, Director Joe A. Davis bought 8,767 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were bought at an average price of $22.70 per share, for a total transaction of $199,010.90. Following the transaction, the director now owns 1,747 shares of the company’s stock, valued at approximately $39,656.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.70% 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 segment is oil and natural gas exploration and production.

Related posts

Leave a Comment