Hodges Capital Management Inc. grew its position in Matador Resources Co (NYSE:MTDR) by 46.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,063,682 shares of the energy company’s stock after purchasing an additional 337,005 shares during the quarter. Matador Resources comprises approximately 2.1% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 6th biggest position. Hodges Capital Management Inc. owned about 0.91% of Matador Resources worth $20,561,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Rehmann Capital Advisory Group grew its position in Matador Resources by 1,042.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,863 shares of the energy company’s stock worth $29,000 after buying an additional 1,700 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Matador Resources by 64.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,550 shares of the energy company’s stock worth $40,000 after buying an additional 1,000 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Matador Resources by 1,453.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 634,633 shares of the energy company’s stock worth $41,000 after buying an additional 593,768 shares in the last quarter. Gradient Investments LLC acquired a new stake in Matador Resources during the first quarter worth approximately $102,000. Finally, NumerixS Investment Technologies Inc grew its position in Matador Resources by 89.4% during the fourth quarter. NumerixS Investment Technologies Inc now owns 8,002 shares of the energy company’s stock worth $124,000 after buying an additional 3,777 shares in the last quarter. 93.65% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on MTDR. Wells Fargo & Co reissued a “hold” rating on shares of Matador Resources in a research report on Wednesday, March 13th. Zacks Investment Research downgraded Matador Resources from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. 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. Imperial Capital reissued an “outperform” rating and set a $33.00 price target (up previously from $31.00) on shares of Matador Resources in a research report on Monday, April 1st. Finally, Capital One Financial downgraded Matador Resources from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. Matador Resources has an average rating of “Hold” and a consensus target price of $33.13.
Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, February 26th. The energy company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.10. The firm had revenue of $202.10 million for the quarter, compared to the consensus estimate of $202.83 million. Matador Resources had a return on equity of 11.24% and a net margin of 30.48%. The company’s revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. On average, equities analysts predict that Matador Resources Co will post 1.22 EPS for the current fiscal year.
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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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