Clearbridge Investments LLC boosted its stake in shares of Matador Resources Co (NYSE:MTDR) by 20.9% in the first quarter, HoldingsChannel.com reports. The fund owned 1,337,089 shares of the energy company’s stock after purchasing an additional 231,478 shares during the period. Clearbridge Investments LLC’s holdings in Matador Resources were worth $3,316,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MTDR. AQR Capital Management LLC raised its position in Matador Resources by 52,004.6% during the first quarter. AQR Capital Management LLC now owns 6,198,368 shares of the energy company’s stock worth $14,318,000 after acquiring an additional 6,186,472 shares during the period. State Street Corp raised its position in Matador Resources by 18.8% during the first quarter. State Street Corp now owns 7,687,770 shares of the energy company’s stock worth $19,066,000 after acquiring an additional 1,216,449 shares during the period. Two Sigma Investments LP raised its position in Matador Resources by 1,109.2% during the first quarter. Two Sigma Investments LP now owns 1,166,412 shares of the energy company’s stock worth $2,893,000 after acquiring an additional 1,069,948 shares during the period. Two Sigma Advisers LP raised its position in Matador Resources by 8,242.4% during the first quarter. Two Sigma Advisers LP now owns 960,210 shares of the energy company’s stock worth $2,381,000 after acquiring an additional 948,700 shares during the period. Finally, Hodges Capital Management Inc. raised its position in Matador Resources by 138.4% during the first quarter. Hodges Capital Management Inc. now owns 1,591,434 shares of the energy company’s stock worth $3,947,000 after acquiring an additional 923,803 shares during the period. Institutional investors own 89.49% of the company’s stock.

In related news, COO Billy E. Goodwin bought 5,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were bought at an average price of $7.98 per share, with a total value of $39,900.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.40% of the company’s stock.

Shares of MTDR opened at $8.34 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Matador Resources Co has a 12-month low of $1.11 and a 12-month high of $20.57. The firm has a 50-day moving average price of $8.89 and a 200 day moving average price of $10.00. The firm has a market capitalization of $920.80 million, a P/E ratio of 4.21 and a beta of 4.73.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, April 29th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.18. Matador Resources had a net margin of 19.51% and a return on equity of 7.20%. The firm had revenue of $371.60 million during the quarter, compared to analyst estimates of $228.02 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Matador Resources’s quarterly revenue was up 113.7% on a year-over-year basis. Equities research analysts predict that Matador Resources Co will post -0.12 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on MTDR shares. Northland Securities restated a “buy” rating on shares of Matador Resources in a research report on Tuesday, April 14th. Imperial Capital upped their target price on shares of Matador Resources from $6.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Siebert Williams Shank reaffirmed a “hold” rating and set a $4.00 target price on shares of Matador Resources in a report on Thursday, April 30th. ValuEngine raised shares of Matador Resources from a “strong sell” rating to a “sell” rating in a report on Friday, May 1st. Finally, Stephens lowered shares of Matador Resources from an “overweight” rating to an “equal weight” rating and set a $6.00 target price for the company. in a report on Friday, March 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.15.

About Matador Resources

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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