Comerica Bank boosted its position in Matador Resources Co (NYSE:MTDR) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,255 shares of the energy company’s stock after purchasing an additional 14,348 shares during the quarter. Comerica Bank’s holdings in Matador Resources were worth $3,266,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MTDR. Dimensional Fund Advisors LP raised its holdings in Matador Resources by 216.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock worth $66,804,000 after purchasing an additional 1,682,663 shares in the last quarter. State Street Corp grew its stake in shares of Matador Resources by 40.5% in the second quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock worth $101,655,000 after acquiring an additional 1,370,196 shares during the last quarter. GW&K Investment Management LLC grew its stake in shares of Matador Resources by 20.8% in the fourth quarter. GW&K Investment Management LLC now owns 2,160,513 shares of the energy company’s stock worth $67,257,000 after acquiring an additional 372,122 shares during the last quarter. Barometer Capital Management Inc. purchased a new stake in shares of Matador Resources in the third quarter worth $6,671,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Matador Resources by 210.8% in the second quarter. The Manufacturers Life Insurance Company now owns 203,523 shares of the energy company’s stock worth $4,349,000 after acquiring an additional 138,033 shares during the last quarter. Institutional investors and hedge funds own 85.90% of the company’s stock.
Shares of Matador Resources Co (MTDR) opened at $29.68 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.58. Matador Resources Co has a 12-month low of $20.13 and a 12-month high of $33.96. The company has a market capitalization of $3,218.71, a price-to-earnings ratio of 15.14, a P/E/G ratio of 0.70 and a beta of 1.20.
A number of research firms have recently commented on MTDR. Mizuho raised Matador Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Deutsche Bank began coverage on Matador Resources in a research note on Thursday, February 1st. They issued a “hold” rating and a $37.00 target price on the stock. SunTrust Banks set a $40.00 target price on Matador Resources and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Stifel Nicolaus set a $36.00 target price on Matador Resources and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, Zacks Investment Research cut Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $31.81.
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.
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