Matador Resources Company (MTDR) Shares Bought by Friedberg Investment Management
Friedberg Investment Management raised its position in shares of Matador Resources Company (NYSE:MTDR) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,550 shares of the energy company’s stock after buying an additional 8,340 shares during the quarter. Friedberg Investment Management owned about 0.12% of Matador Resources worth $2,512,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FNY Partners Fund LP boosted its holdings in shares of Matador Resources by 66.7% in the 1st quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock worth $118,000 after purchasing an additional 2,000 shares during the period. Dubuque Bank & Trust Co. boosted its holdings in shares of Matador Resources by 4.0% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after purchasing an additional 275 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Matador Resources by 10.8% in the 1st quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock worth $153,000 after purchasing an additional 682 shares during the period. LS Investment Advisors LLC purchased a new position in shares of Matador Resources in the 2nd quarter worth approximately $155,000. Finally, Oregon Public Employees Retirement Fund purchased a new position in shares of Matador Resources in the 2nd quarter worth approximately $165,000. Institutional investors and hedge funds own 91.64% of the company’s stock.
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In related news, Director David M. Posner acquired 4,115 shares of Matador Resources stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of $24.10 per share, for a total transaction of $99,171.50. Following the completion of the purchase, the director now owns 6,274 shares in the company, valued at $151,203.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.90% of the stock is currently owned by company insiders.
A number of brokerages have recently commented on MTDR. Zacks Investment Research upgraded Matador Resources from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Scotiabank set a $26.00 target price on Matador Resources and gave the stock a “buy” rating in a report on Saturday, July 1st. BidaskClub cut Matador Resources from a “strong-buy” rating to a “buy” rating in a report on Saturday. Northland Securities set a $33.00 target price on Matador Resources and gave the stock a “buy” rating in a report on Monday, August 21st. Finally, Mizuho reiterated a “hold” rating and issued a $24.00 target price on shares of Matador Resources in a report on Friday, September 29th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $28.48.
Matador Resources Company (NYSE MTDR) traded down 2.04% on Friday, hitting $25.94. The stock had a trading volume of 2,364,729 shares. The company has a market cap of $2.61 billion, a P/E ratio of 13.41 and a beta of 1.26. The firm’s 50-day moving average is $24.75 and its 200-day moving average is $23.32. Matador Resources Company has a 52-week low of $20.13 and a 52-week high of $28.51.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $115.90 million for the quarter, compared to analysts’ expectations of $112.21 million. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The company’s revenue for the quarter was up 65.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. Equities research analysts anticipate that Matador Resources Company will post $0.49 earnings per share for the current fiscal year.
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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