Matador Resources Co (MTDR) Stake Lowered by Griffin Asset Management Inc.

Griffin Asset Management Inc. cut its position in shares of Matador Resources Co (NYSE:MTDR) by 16.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,455 shares of the energy company’s stock after selling 3,005 shares during the quarter. Griffin Asset Management Inc.’s holdings in Matador Resources were worth $240,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MTDR. Lake Point Wealth Management acquired a new stake in shares of Matador Resources in the fourth quarter valued at about $153,000. Bank of New York Mellon Corp boosted its holdings in Matador Resources by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 1,363,023 shares of the energy company’s stock valued at $45,048,000 after purchasing an additional 36,268 shares during the last quarter. Advisor Group Inc. boosted its holdings in Matador Resources by 16.3% in the fourth quarter. Advisor Group Inc. now owns 11,529 shares of the energy company’s stock valued at $179,000 after purchasing an additional 1,615 shares during the last quarter. ETRADE Capital Management LLC boosted its holdings in Matador Resources by 2.3% in the fourth quarter. ETRADE Capital Management LLC now owns 27,525 shares of the energy company’s stock valued at $427,000 after purchasing an additional 617 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in Matador Resources by 1.5% in the fourth quarter. New York State Teachers Retirement System now owns 44,252 shares of the energy company’s stock valued at $687,000 after purchasing an additional 652 shares during the last quarter. Institutional investors own 93.65% of the company’s stock.

Shares of Matador Resources stock traded down $0.11 on Friday, reaching $20.82. 1,523,114 shares of the company were exchanged, compared to its average volume of 2,429,381. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 0.98 and a beta of 1.87. Matador Resources Co has a 1-year low of $13.97 and a 1-year high of $35.22.

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

A number of research analysts have commented on MTDR shares. Northland Securities reaffirmed a “buy” rating and set a $32.00 target price on shares of Matador Resources in a report on Tuesday, February 26th. SunTrust Banks raised Matador Resources from a “hold” rating to a “buy” rating and increased their target price for the stock from $23.00 to $29.00 in a report on Tuesday, February 19th. Zacks Investment Research raised Matador Resources from a “strong sell” rating to a “hold” rating in a report on Friday, January 25th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Matador Resources in a report on Friday, April 12th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $33.00 target price (up previously from $31.00) on shares of Matador Resources in a report on Monday, April 1st. 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. 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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