Jane Street Group LLC Raises Position in Matador Resources Co (MTDR)
Jane Street Group LLC increased its position in shares of Matador Resources Co (NYSE:MTDR) by 139.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,332 shares of the energy company’s stock after purchasing an additional 40,285 shares during the quarter. Jane Street Group LLC’s holdings in Matador Resources were worth $308,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of MTDR. Advisor Group Inc. raised its holdings in Matador Resources by 164.4% during the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock worth $119,000 after purchasing an additional 2,727 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new position in Matador Resources during the third quarter worth $167,000. Teacher Retirement System of Texas acquired a new position in Matador Resources during the third quarter worth $202,000. Crossmark Global Holdings Inc. acquired a new position in Matador Resources during the third quarter worth $209,000. Finally, Parallel Advisors LLC raised its holdings in Matador Resources by 24.0% during the second quarter. Parallel Advisors LLC now owns 8,659 shares of the energy company’s stock worth $210,000 after purchasing an additional 1,677 shares during the last quarter. 85.14% of the stock is owned by hedge funds and other institutional investors.
MTDR has been the subject of several research reports. Royal Bank of Canada lifted their price objective on Matador Resources from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. BMO Capital Markets set a $29.00 price objective on Matador Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price objective on shares of Matador Resources in a report on Thursday, September 7th. BidaskClub cut Matador Resources from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 7th. Finally, Northland Securities set a $35.00 price objective on Matador Resources and gave the stock a “buy” rating in a report on Monday, November 13th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Matador Resources has an average rating of “Buy” and a consensus target price of $29.88.
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 the Zacks’ consensus estimate of $0.10 by $0.08. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The company had revenue of $126.28 million during the quarter, compared to analysts’ expectations of $123.62 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was up 42.3% compared to the same quarter last year. equities research analysts anticipate that Matador Resources Co will post 0.63 EPS for the current year.
In other Matador Resources news, Director David M. Posner acquired 1,035 shares of the stock in a transaction dated Monday, December 4th. The stock was acquired at an average price of $28.92 per share, with a total value of $29,932.20. Following the completion of the transaction, the director now directly owns 6,274 shares in the company, valued at $181,444.08. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 11.90% of the company’s stock.
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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