105,933 Shares in Matador Resources Co (MTDR) Purchased by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC acquired a new position in Matador Resources Co (NYSE:MTDR) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 105,933 shares of the energy company’s stock, valued at approximately $3,298,000. MetLife Investment Advisors LLC owned approximately 0.10% of Matador Resources at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Municipal Employees Retirement System of Michigan lifted its holdings in Matador Resources by 8.2% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 29,170 shares of the energy company’s stock worth $908,000 after buying an additional 2,200 shares in the last quarter. Castleark Management LLC lifted its holdings in Matador Resources by 55.7% in the 4th quarter. Castleark Management LLC now owns 539,020 shares of the energy company’s stock worth $16,780,000 after buying an additional 192,925 shares in the last quarter. Jane Street Group LLC lifted its holdings in Matador Resources by 75.1% in the 4th quarter. Jane Street Group LLC now owns 19,838 shares of the energy company’s stock worth $618,000 after buying an additional 8,506 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Matador Resources in the 4th quarter valued at about $303,000. Finally, Millennium Management LLC raised its stake in shares of Matador Resources by 49.2% in the 4th quarter. Millennium Management LLC now owns 3,570,281 shares of the energy company’s stock valued at $111,143,000 after purchasing an additional 1,176,599 shares in the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

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Shares of NYSE:MTDR opened at $29.91 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. Matador Resources Co has a fifty-two week low of $20.13 and a fifty-two week high of $33.96. The stock has a market cap of $3,267.64, a P/E ratio of 41.54, a price-to-earnings-growth ratio of 0.86 and a beta of 1.29.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Matador Resources had a net margin of 22.64% and a return on equity of 7.11%. The business had revenue of $168.40 million during the quarter, compared to the consensus estimate of $148.89 million. During the same quarter in the prior year, the firm earned $0.08 EPS. equities analysts expect that Matador Resources Co will post 1.26 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Matador Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Royal Bank of Canada set a $36.00 target price on shares of Matador Resources and gave the company a “buy” rating in a research note on Monday, March 12th. They noted that the move was a valuation call. Stifel Nicolaus set a $39.00 target price on shares of Matador Resources and gave the company a “buy” rating in a research note on Wednesday. Johnson Rice assumed coverage on shares of Matador Resources in a research note on Wednesday, March 21st. They issued a “buy” rating and a $38.00 target price on the stock. Finally, Northland Securities set a $35.00 target price on shares of Matador Resources and gave the company a “buy” rating in a research note on Wednesday, March 7th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $33.50.

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Matador Resources Profile

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 segments include exploration and production, and midstream.

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

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