Matador Resources Co (MTDR) Holdings Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its holdings in shares of Matador Resources Co (NYSE:MTDR) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,805 shares of the energy company’s stock after purchasing an additional 9,721 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Matador Resources were worth $4,532,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Neuberger Berman Group LLC boosted its position in Matador Resources by 13.5% during the first quarter. Neuberger Berman Group LLC now owns 5,290,453 shares of the energy company’s stock worth $158,238,000 after purchasing an additional 628,901 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in Matador Resources by 0.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 4,191,454 shares of the energy company’s stock worth $125,367,000 after purchasing an additional 24,782 shares in the last quarter. Beck Mack & Oliver LLC boosted its position in Matador Resources by 1.6% during the second quarter. Beck Mack & Oliver LLC now owns 4,104,345 shares of the energy company’s stock worth $123,336,000 after purchasing an additional 63,815 shares in the last quarter. GW&K Investment Management LLC lifted its position in shares of Matador Resources by 1.8% in the first quarter. GW&K Investment Management LLC now owns 2,198,810 shares of the energy company’s stock valued at $65,766,000 after acquiring an additional 38,297 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of Matador Resources by 24.7% in the first quarter. OppenheimerFunds Inc. now owns 1,444,435 shares of the energy company’s stock valued at $43,204,000 after acquiring an additional 286,518 shares in the last quarter. Institutional investors own 89.40% of the company’s stock.

NYSE MTDR opened at $32.61 on Monday. The company has a market capitalization of $3.79 billion, a PE ratio of 45.29, a PEG ratio of 0.86 and a beta of 1.25. Matador Resources Co has a 1-year low of $22.52 and a 1-year high of $35.22. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, August 1st. The energy company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.33 by $0.08. Matador Resources had a return on equity of 9.84% and a net margin of 24.93%. The firm had revenue of $211.37 million during the quarter, compared to analysts’ expectations of $185.07 million. During the same quarter last year, the firm earned $0.36 earnings per share. The business’s revenue for the quarter was up 63.1% on a year-over-year basis. research analysts predict that Matador Resources Co will post 1.46 earnings per share for the current fiscal year.

MTDR has been the topic of several research reports. Johnson Rice downgraded Matador Resources from a “buy” rating to an “accumulate” rating and set a $38.00 target price on the stock. in a research report on Wednesday, August 15th. Imperial Capital set a $43.00 target price on Matador Resources and gave the company a “buy” rating in a research report on Thursday, May 24th. TheStreet upgraded Matador Resources from a “c+” rating to a “b-” rating in a research report on Wednesday, May 2nd. Stifel Nicolaus set a $41.00 target price on Matador Resources and gave the company a “buy” rating in a research report on Wednesday, June 6th. Finally, ValuEngine downgraded Matador Resources from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Matador Resources presently has an average rating of “Buy” and an average price target of $37.43.

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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