HL Financial Services LLC reduced its stake in shares of Matador Resources Company (NYSE:MTDR) by 12.0% during the second quarter, Holdings Channel reports. The institutional investor owned 15,629 shares of the energy company’s stock after selling 2,138 shares during the period. HL Financial Services LLC’s holdings in Matador Resources were worth $334,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MTDR. Guggenheim Capital LLC boosted its stake in Matador Resources by 24.6% in the fourth quarter. Guggenheim Capital LLC now owns 22,546 shares of the energy company’s stock valued at $581,000 after buying an additional 4,454 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Matador Resources during the fourth quarter valued at approximately $204,000. Norges Bank acquired a new stake in Matador Resources during the fourth quarter valued at approximately $5,499,000. UBS Asset Management Americas Inc. boosted its stake in Matador Resources by 12.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 591,964 shares of the energy company’s stock valued at $15,249,000 after buying an additional 67,180 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Matador Resources by 4.4% in the first quarter. Bank of Montreal Can now owns 39,006 shares of the energy company’s stock valued at $928,000 after buying an additional 1,646 shares in the last quarter. Hedge funds and other institutional investors own 89.02% of the company’s stock.

Shares of Matador Resources Company (MTDR) opened at 23.59 on Tuesday. Matador Resources Company has a 1-year low of $19.99 and a 1-year high of $28.51. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 12.19 and a beta of 1.20. The stock’s 50 day moving average price is $22.80 and its 200 day moving average price is $23.46.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. The firm had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $112.21 million. During the same quarter in the previous year, the company posted ($0.01) EPS. Matador Resources’s revenue was up 65.1% on a year-over-year basis. Analysts expect that Matador Resources Company will post $0.47 EPS for the current year.

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MTDR has been the topic of several analyst reports. KLR Group raised their target price on Matador Resources from $24.00 to $25.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. ValuEngine cut Matador Resources from a “hold” rating to a “sell” rating in a research report on Thursday, May 18th. Credit Suisse Group initiated coverage on Matador Resources in a research report on Thursday, June 1st. They issued an “outperform” rating and a $34.00 target price on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $34.00 target price on shares of Matador Resources in a research report on Friday, June 16th. Finally, BMO Capital Markets set a $23.00 target price on Matador Resources and gave the company a “buy” rating in a research report on Monday, June 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $28.80.

In other Matador Resources news, Chairman Joseph Wm Foran sold 11,000 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $23.12, for a total transaction of $254,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julia P. Forrester bought 1,255 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were acquired at an average price of $23.96 per share, with a total value of $30,069.80. Following the transaction, the director now directly owns 3,399 shares in the company, valued at approximately $81,440.04. The disclosure for this purchase can be found here. Insiders own 11.90% of the company’s stock.

Matador Resources Company 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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