Amarillo National Bank cut its stake in shares of Matador Resources Co (NYSE:MTDR) by 13.5% in the 4th quarter, Holdings Channel reports. The fund owned 123,337 shares of the energy company’s stock after selling 19,298 shares during the quarter. Matador Resources accounts for approximately 1.3% of Amarillo National Bank’s portfolio, making the stock its 13th biggest position. Amarillo National Bank’s holdings in Matador Resources were worth $3,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of MTDR. BlackRock Inc. raised its stake in shares of Matador Resources by 53.9% during the 2nd quarter. BlackRock Inc. now owns 10,186,099 shares of the energy company’s stock worth $217,677,000 after buying an additional 3,566,950 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Matador Resources by 216.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock worth $66,804,000 after buying an additional 1,682,663 shares in the last quarter. State Street Corp raised its stake in shares of Matador Resources by 40.5% during the 2nd quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock worth $101,655,000 after buying an additional 1,370,196 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Matador Resources by 126.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,142,808 shares of the energy company’s stock worth $24,422,000 after buying an additional 637,703 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Matador Resources by 35.4% during the 2nd quarter. Northern Trust Corp now owns 1,502,692 shares of the energy company’s stock worth $32,112,000 after buying an additional 393,145 shares in the last quarter. 85.14% of the stock is owned by hedge funds and other institutional investors.

MTDR has been the subject of a number of analyst reports. BidaskClub downgraded Matador Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Northland Securities reissued a “buy” rating and set a $33.00 target price on shares of Matador Resources in a research note on Tuesday, September 26th. Scotiabank reissued a “buy” rating on shares of Matador Resources in a research note on Tuesday, September 26th. Mizuho reissued a “hold” rating and set a $24.00 target price on shares of Matador Resources in a research note on Friday, September 29th. Finally, BMO Capital Markets set a $29.00 target price on Matador Resources and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $30.00.

Matador Resources Co (NYSE:MTDR) traded up $0.27 on Wednesday, hitting $31.83. The company had a trading volume of 902,707 shares, compared to its average volume of 1,055,400. The firm has a market cap of $3,450.00, a PE ratio of 16.16, a P/E/G ratio of 1.05 and a beta of 1.14. 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 1-year low of $20.13 and a 1-year high of $32.43.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. The business had revenue of $126.28 million for the quarter, compared to analysts’ expectations of $123.62 million. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The company’s revenue was up 42.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. equities analysts expect that Matador Resources Co will post 0.66 earnings per share for the current fiscal year.

In related news, Director David M. Posner bought 1,035 shares of the stock in a transaction on Monday, December 4th. The shares were purchased at an average price of $28.92 per share, for a total transaction of $29,932.20. Following the acquisition, the director now owns 6,274 shares in the company, valued at $181,444.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.90% of the company’s stock.

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

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