American Century Companies Inc. Boosts Holdings in Matador Resources Co (MTDR)

American Century Companies Inc. raised its position in shares of Matador Resources Co (NYSE:MTDR) by 967.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 153,399 shares of the energy company’s stock after buying an additional 139,029 shares during the quarter. American Century Companies Inc.’s holdings in Matador Resources were worth $2,382,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA acquired a new position in shares of Matador Resources during the fourth quarter worth about $10,866,000. BlackRock Inc. lifted its stake in shares of Matador Resources by 5.2% during the fourth quarter. BlackRock Inc. now owns 12,834,279 shares of the energy company’s stock worth $199,317,000 after purchasing an additional 633,565 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Matador Resources by 6.9% during the third quarter. Vanguard Group Inc now owns 9,530,794 shares of the energy company’s stock worth $314,992,000 after purchasing an additional 612,234 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Matador Resources by 6.9% during the third quarter. Vanguard Group Inc. now owns 9,530,794 shares of the energy company’s stock worth $314,992,000 after purchasing an additional 612,234 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Matador Resources by 1,453.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 634,633 shares of the energy company’s stock worth $41,000 after purchasing an additional 593,768 shares in the last quarter. 93.65% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on MTDR. Wells Fargo & Co restated a “hold” rating on shares of Matador Resources in a research note on Friday, April 12th. Imperial Capital reiterated an “outperform” rating and issued a $33.00 price target (up previously from $31.00) on shares of Matador Resources in a research note on Monday, April 1st. Northland Securities reiterated a “buy” rating and issued a $32.00 price target on shares of Matador Resources in a research note on Tuesday, February 26th. SunTrust Banks upgraded Matador Resources from a “hold” rating to a “buy” rating and boosted their price target for the stock from $23.00 to $29.00 in a research note on Tuesday, February 19th. Finally, Zacks Investment Research cut Matador Resources from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.13.

NYSE:MTDR opened at $21.05 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.93. Matador Resources Co has a one year low of $13.97 and a one year high of $35.22. The stock has a market capitalization of $2.40 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 0.92 and a beta of 1.87.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, February 26th. The energy company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.10. Matador Resources had a return on equity of 11.24% and a net margin of 30.48%. The firm had revenue of $202.10 million for the quarter, compared to analysts’ expectations of $202.83 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Matador Resources’s revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, equities research analysts predict that Matador Resources Co will post 1.22 earnings per share for the current 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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