Matador Resources (NYSE:MTDR) Position Cut by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can trimmed its holdings in Matador Resources (NYSE:MTDRGet Rating) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,325 shares of the energy company’s stock after selling 891 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Matador Resources were worth $3,344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Matador Resources by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 12,422,915 shares of the energy company’s stock worth $658,165,000 after buying an additional 567,557 shares in the last quarter. State Street Corp boosted its stake in Matador Resources by 7.0% during the 1st quarter. State Street Corp now owns 5,777,669 shares of the energy company’s stock valued at $306,101,000 after purchasing an additional 377,853 shares in the last quarter. Invesco Ltd. boosted its stake in Matador Resources by 82.9% during the 1st quarter. Invesco Ltd. now owns 4,367,715 shares of the energy company’s stock valued at $231,403,000 after purchasing an additional 1,979,904 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Matador Resources by 3.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,326,071 shares of the energy company’s stock valued at $201,552,000 after purchasing an additional 135,179 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Matador Resources by 16.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,280,313 shares of the energy company’s stock valued at $152,830,000 after purchasing an additional 459,648 shares in the last quarter. 87.00% of the stock is owned by institutional investors.

Matador Resources Price Performance

MTDR opened at $63.45 on Wednesday. The stock has a fifty day moving average of $59.97 and a 200-day moving average of $58.97. The firm has a market capitalization of $7.50 billion, a P/E ratio of 6.46 and a beta of 3.50. Matador Resources has a 12-month low of $40.71 and a 12-month high of $73.78. The company has a quick ratio of 1.46, a current ratio of 1.48 and a debt-to-equity ratio of 0.39.

Matador Resources (NYSE:MTDRGet Rating) last released its earnings results on Tuesday, October 25th. The energy company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.21. The company had revenue of $751.40 million during the quarter, compared to analyst estimates of $740.23 million. Matador Resources had a return on equity of 45.40% and a net margin of 40.29%. The company’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 earnings per share. Equities analysts forecast that Matador Resources will post 10.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MTDR shares. StockNews.com started coverage on Matador Resources in a research note on Wednesday, October 12th. They set a “hold” rating for the company. JPMorgan Chase & Co. decreased their price target on Matador Resources from $71.00 to $67.00 and set an “overweight” rating for the company in a research note on Friday, October 14th. Raymond James increased their price target on Matador Resources from $60.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, October 24th. Mizuho started coverage on Matador Resources in a research note on Monday, January 9th. They set a “neutral” rating and a $70.00 price objective for the company. Finally, KeyCorp reduced their price objective on Matador Resources from $79.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, December 8th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $69.11.

Matador Resources Profile

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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 through 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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