Icon Advisers Inc. Co. cut its stake in Matador Resources Company (NYSE:MTDR) by 10.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,100 shares of the energy company’s stock after selling 28,300 shares during the period. Icon Advisers Inc. Co. owned 0.24% of Matador Resources worth $6,926,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in Matador Resources by 7.0% during the 1st quarter. Principal Financial Group Inc. now owns 12,555 shares of the energy company’s stock valued at $299,000 after acquiring an additional 816 shares during the period. TD Asset Management Inc. lifted its stake in Matador Resources by 2.5% during the 2nd quarter. TD Asset Management Inc. now owns 36,200 shares of the energy company’s stock valued at $774,000 after acquiring an additional 897 shares during the period. Legal & General Group Plc lifted its stake in Matador Resources by 3.7% during the 1st quarter. Legal & General Group Plc now owns 30,173 shares of the energy company’s stock valued at $718,000 after acquiring an additional 1,089 shares during the period. US Bancorp DE lifted its stake in Matador Resources by 11.7% during the 2nd quarter. US Bancorp DE now owns 11,303 shares of the energy company’s stock valued at $241,000 after acquiring an additional 1,184 shares during the period. Finally, Connors Investor Services Inc. lifted its stake in Matador Resources by 1.9% during the 2nd quarter. Connors Investor Services Inc. now owns 76,883 shares of the energy company’s stock valued at $1,643,000 after acquiring an additional 1,434 shares during the period. Institutional investors own 85.63% of the company’s stock.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Matador Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Scotiabank restated a “buy” rating and set a $26.00 price objective on shares of Matador Resources in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Matador Resources from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Royal Bank Of Canada set a $29.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, BMO Capital Markets set a $29.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research note on Tuesday, October 10th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Matador Resources presently has an average rating of “Buy” and a consensus price target of $29.51.

Shares of Matador Resources Company (NYSE MTDR) traded up $0.53 during midday trading on Wednesday, reaching $27.56. 774,200 shares of the company traded hands, compared to its average volume of 1,565,195. The stock has a market cap of $2,931.32, a price-to-earnings ratio of 50.06, a PEG ratio of 1.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 0.60. Matador Resources Company has a 12 month low of $20.13 and a 12 month high of $29.48.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.10 by $0.08. The company had revenue of $126.28 million during the quarter, compared to analyst estimates of $123.62 million. Matador Resources had a net margin of 40.30% and a return on equity of 5.99%. The firm’s revenue was up 42.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS. research analysts predict that Matador Resources Company will post 0.59 EPS for the current fiscal year.

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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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