Fenimore Asset Management Inc. increased its stake in shares of Matador Resources Co (NYSE:MTDR) by 30.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 472,187 shares of the energy company’s stock after buying an additional 110,580 shares during the quarter. Fenimore Asset Management Inc. owned about 0.41% of Matador Resources worth $9,127,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. SG Americas Securities LLC increased its holdings in Matador Resources by 16.7% in the third quarter. SG Americas Securities LLC now owns 22,170 shares of the energy company’s stock valued at $733,000 after purchasing an additional 3,176 shares during the period. MML Investors Services LLC acquired a new stake in Matador Resources during the 3rd quarter worth about $249,000. Bank of New York Mellon Corp grew its holdings in Matador Resources by 2.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,363,023 shares of the energy company’s stock worth $45,048,000 after acquiring an additional 36,268 shares during the period. BlackRock Inc. grew its holdings in Matador Resources by 4.2% during the 3rd quarter. BlackRock Inc. now owns 12,200,714 shares of the energy company’s stock worth $403,234,000 after acquiring an additional 493,829 shares during the period. Finally, Credit Suisse AG grew its holdings in Matador Resources by 36.9% during the 3rd quarter. Credit Suisse AG now owns 123,814 shares of the energy company’s stock worth $4,093,000 after acquiring an additional 33,353 shares during the period. 93.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of MTDR traded down $0.65 during trading hours on Thursday, hitting $19.63. The stock had a trading volume of 37,882 shares, compared to its average volume of 2,671,883. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.87. The company has a market cap of $2.36 billion, a PE ratio of 12.27, a P/E/G ratio of 0.88 and a beta of 1.87. Matador Resources Co has a 1-year low of $13.97 and a 1-year high of $35.22.

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

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Matador Resources from a “strong sell” rating to a “hold” rating in a report on Friday, January 25th. Imperial Capital reiterated an “outperform” rating and set a $33.00 price target (up from $31.00) on shares of Matador Resources in a report on Monday, April 1st. SunTrust Banks upgraded Matador Resources from a “hold” rating to a “buy” rating and increased their price target for the stock from $23.00 to $29.00 in a report on Tuesday, February 19th. Wells Fargo & Co reiterated a “hold” rating on shares of Matador Resources in a report on Friday, January 25th. Finally, Raymond James set a $24.00 price target on Matador Resources and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $33.50.

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Matador Resources Company Profile

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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