Municipal Employees Retirement System of Michigan grew its stake in shares of Matador Resources Co (NYSE:MTDR) by 8.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 29,170 shares of the energy company’s stock after acquiring an additional 2,200 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Matador Resources were worth $908,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MTDR. Advisor Group Inc. lifted its position in shares of Matador Resources by 164.4% during the 3rd quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock valued at $119,000 after acquiring an additional 2,727 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Matador Resources by 36.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock valued at $187,000 after acquiring an additional 1,617 shares during the period. Strs Ohio lifted its position in shares of Matador Resources by 125.9% during the 4th quarter. Strs Ohio now owns 6,100 shares of the energy company’s stock valued at $189,000 after acquiring an additional 3,400 shares during the period. Creative Planning bought a new stake in shares of Matador Resources during the 4th quarter worth $201,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Matador Resources during the 3rd quarter worth $202,000. Hedge funds and other institutional investors own 87.59% of the company’s stock.

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Matador Resources Co (NYSE:MTDR) opened at $29.20 on Friday. Matador Resources Co has a fifty-two week low of $20.13 and a fifty-two week high of $33.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.91 and a quick ratio of 0.89. The stock has a market capitalization of $3,265.44, a PE ratio of 42.10, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, February 21st. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Matador Resources had a return on equity of 7.11% and a net margin of 22.64%. The business had revenue of $168.40 million during the quarter, compared to analysts’ expectations of $148.89 million. During the same quarter in the prior year, the firm earned $0.08 EPS. equities analysts forecast that Matador Resources Co will post 1.29 earnings per share for the current year.

Several analysts recently weighed in on MTDR shares. Northland Securities set a $33.00 price objective on Matador Resources and gave the stock a “buy” rating in a research report on Monday, December 11th. Royal Bank of Canada set a $32.00 price objective on Matador Resources and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Friday, January 19th. Stifel Nicolaus set a $36.00 price objective on Matador Resources and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, Deutsche Bank started coverage on Matador Resources in a research report on Thursday, February 1st. They set a “hold” rating and a $37.00 price objective for the company. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Matador Resources presently has a consensus rating of “Buy” and a consensus target price of $33.24.

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About Matador Resources

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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