Bank of New York Mellon Corp Has $20.47 Million Position in Matador Resources Co (NYSE:MTDR)

Bank of New York Mellon Corp lowered its position in shares of Matador Resources Co (NYSE:MTDR) by 3.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,317,728 shares of the energy company’s stock after selling 45,295 shares during the quarter. Bank of New York Mellon Corp owned about 1.13% of Matador Resources worth $20,465,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its position in shares of Matador Resources by 64.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,550 shares of the energy company’s stock valued at $40,000 after acquiring an additional 1,000 shares in the last quarter. MML Investors Services LLC acquired a new stake in shares of Matador Resources during the 3rd quarter valued at approximately $249,000. Keybank National Association OH bought a new position in Matador Resources during the 3rd quarter worth $262,000. Tower Research Capital LLC TRC grew its stake in Matador Resources by 53.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,015 shares of the energy company’s stock worth $265,000 after buying an additional 2,777 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new position in Matador Resources during the 4th quarter worth $152,000. Institutional investors and hedge funds own 93.65% of the company’s stock.

Shares of NYSE MTDR traded down $0.11 during mid-day trading on Friday, hitting $20.82. 1,523,114 shares of the company traded hands, compared to its average volume of 2,429,381. Matador Resources Co has a 1 year low of $13.97 and a 1 year high of $35.22. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 0.98 and a beta of 1.87. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 0.73.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, February 26th. The energy company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.10. Matador Resources had a return on equity of 11.24% and a net margin of 30.48%. The firm had revenue of $202.10 million during the quarter, compared to the consensus estimate of $202.83 million. During the same period in the prior year, the business earned $0.25 EPS. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. As a group, sell-side analysts expect that Matador Resources Co will post 1.23 EPS for the current fiscal year.

MTDR has been the subject of a number of recent research reports. SunTrust Banks upgraded Matador Resources from a “hold” rating to a “buy” rating and upped their price objective for the stock from $23.00 to $29.00 in a research note on Tuesday, February 19th. Zacks Investment Research upgraded Matador Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, January 25th. Northland Securities reissued a “buy” rating and issued a $32.00 price target on shares of Matador Resources in a research note on Tuesday, February 26th. Wells Fargo & Co reissued a “hold” rating on shares of Matador Resources in a research note on Friday, January 25th. Finally, Raymond James set a $24.00 price target on Matador Resources and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. Matador Resources has an average rating of “Hold” and a consensus price target of $33.13.

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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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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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