Nikko Asset Management Americas Inc. Buys 114,100 Shares of Matador Resources Company (MTDR)

Nikko Asset Management Americas Inc. increased its position in Matador Resources Company (NYSE:MTDR) by 54.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 323,700 shares of the energy company’s stock after buying an additional 114,100 shares during the period. Nikko Asset Management Americas Inc. owned about 0.35% of Matador Resources Company worth $7,876,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in Matador Resources Company by 12.4% in the second quarter. PNC Financial Services Group Inc. now owns 5,319 shares of the energy company’s stock valued at $105,000 after buying an additional 588 shares during the period. Springbank Value Partners LP boosted its position in Matador Resources Company by 133.3% in the second quarter. Springbank Value Partners LP now owns 7,000 shares of the energy company’s stock valued at $139,000 after buying an additional 4,000 shares during the period. BNP Paribas Arbitrage SA acquired a new position in Matador Resources Company during the second quarter valued at approximately $144,000. Seven Eight Capital LLC acquired a new position in Matador Resources Company during the second quarter valued at approximately $145,000. Finally, Tower Research Capital LLC TRC boosted its position in Matador Resources Company by 565.8% in the second quarter. Tower Research Capital LLC TRC now owns 9,022 shares of the energy company’s stock valued at $178,000 after buying an additional 7,667 shares during the period. Institutional investors own 79.28% of the company’s stock.

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

Matador Resources Company (NYSE:MTDR) traded down 0.83% during trading on Wednesday, hitting $25.02. The stock had a trading volume of 433,246 shares. The stock has a 50-day moving average price of $25.65 and a 200-day moving average price of $23.14. Matador Resources Company has a 52 week low of $11.13 and a 52 week high of $27.71. The company’s market cap is $2.34 billion.

Matador Resources Company (NYSE:MTDR) last posted its earnings results on Tuesday, November 1st. The energy company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.07. The firm had revenue of $88.70 million for the quarter, compared to the consensus estimate of $78.07 million. Matador Resources Company had a negative net margin of 176.09% and a negative return on equity of 1.60%. The business’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. Equities analysts predict that Matador Resources Company will post ($0.05) EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Nikko Asset Management Americas Inc. Buys 114,100 Shares of Matador Resources Company (MTDR)” was originally reported by Community Financial News and is the propert of of Community Financial News. If you are reading this news story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this news story can be read at https://www.com-unik.info/2017/01/11/nikko-asset-management-americas-inc-buys-114100-shares-of-matador-resources-company-mtdr.html.

MTDR has been the topic of several recent analyst reports. Zacks Investment Research cut Matador Resources Company from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 20th. KLR Group upgraded Matador Resources Company from a “hold” rating to an “accumulate” rating and set a $25.00 price target on the stock in a research note on Wednesday, September 21st. Mizuho initiated coverage on Matador Resources Company in a research note on Wednesday, October 5th. They issued a “neutral” rating and a $25.00 price target on the stock. FBR & Co set a $30.00 price target on Matador Resources Company and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. Finally, Deutsche Bank AG initiated coverage on Matador Resources Company in a research note on Monday, November 28th. They issued a “hold” rating and a $25.68 price target on the stock. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $24.26.

In other Matador Resources Company news, Director Steven W. Ohnimus sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $25.78, for a total transaction of $515,600.00. Following the completion of the sale, the director now directly owns 99,853 shares in the company, valued at $2,574,210.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David M. Laney purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, December 13th. The shares were purchased at an average price of $26.45 per share, with a total value of $264,500.00. Following the completion of the acquisition, the director now directly owns 417,053 shares of the company’s stock, valued at $11,031,051.85. The disclosure for this purchase can be found here. Company insiders own 12.70% of the company’s stock.

Matador Resources Company Company 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 segment is oil and natural gas exploration and production.

5 Day Chart for NYSE:MTDR

What are top analysts saying about Matador Resources Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Matador Resources Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit