Matador Resources Co (MTDR) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management decreased its holdings in Matador Resources Co (NYSE:MTDR) by 31.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 340,707 shares of the energy company’s stock after selling 158,813 shares during the quarter. Picton Mahoney Asset Management’s holdings in Matador Resources were worth $11,262,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Liberty Mutual Group Asset Management Inc. raised its position in Matador Resources by 8.4% in the second quarter. Liberty Mutual Group Asset Management Inc. now owns 20,604 shares of the energy company’s stock worth $619,000 after acquiring an additional 1,595 shares in the last quarter. Fortaleza Asset Management Inc. raised its position in Matador Resources by 41.2% in the second quarter. Fortaleza Asset Management Inc. now owns 5,965 shares of the energy company’s stock worth $179,000 after acquiring an additional 1,740 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in Matador Resources by 3.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 58,565 shares of the energy company’s stock worth $1,760,000 after acquiring an additional 1,811 shares in the last quarter. Pinnacle Associates Ltd. raised its position in Matador Resources by 23.2% in the second quarter. Pinnacle Associates Ltd. now owns 10,100 shares of the energy company’s stock worth $304,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Boston Advisors LLC raised its position in Matador Resources by 8.9% in the second quarter. Boston Advisors LLC now owns 23,594 shares of the energy company’s stock worth $709,000 after acquiring an additional 1,925 shares in the last quarter. Hedge funds and other institutional investors own 88.19% of the company’s stock.

Several research firms have issued reports on MTDR. Wells Fargo & Co cut their price objective on Matador Resources from $43.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, October 23rd. TheStreet cut Matador Resources from a “b-” rating to a “c+” rating in a research report on Tuesday. BMO Capital Markets set a $34.00 price objective on Matador Resources and gave the stock a “buy” rating in a research report on Sunday, August 12th. Evercore ISI initiated coverage on Matador Resources in a research report on Tuesday, September 25th. They issued an “in-line” rating and a $38.00 price target for the company. Finally, SunTrust Banks cut Matador Resources from a “buy” rating to a “hold” rating and dropped their price target for the company from $42.00 to $35.00 in a research report on Monday, September 24th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $37.47.

Shares of MTDR stock opened at $28.41 on Thursday. Matador Resources Co has a fifty-two week low of $25.47 and a fifty-two week high of $35.22. The firm has a market capitalization of $3.21 billion, a PE ratio of 39.46, a PEG ratio of 0.72 and a beta of 1.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.69 and a quick ratio of 0.63.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, October 31st. The energy company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Matador Resources had a return on equity of 11.17% and a net margin of 22.69%. The business had revenue of $207.18 million during the quarter, compared to analysts’ expectations of $208.75 million. During the same quarter last year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was up 64.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Matador Resources Co will post 1.66 earnings per share for the current fiscal year.

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About Matador Resources

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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