Teachers Retirement System of The State of Kentucky reduced its position in Matador Resources Co (NYSE:MTDR) by 22.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 17,538 shares of the energy company’s stock after selling 5,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Matador Resources were worth $580,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new stake in shares of Matador Resources during the third quarter worth $116,000. Northstar Investment Advisors LLC acquired a new stake in shares of Matador Resources during the third quarter worth $205,000. Capital Fund Management S.A. acquired a new stake in shares of Matador Resources during the second quarter worth $207,000. BB&T Corp acquired a new stake in shares of Matador Resources during the third quarter worth $232,000. Finally, Jane Street Group LLC acquired a new stake in shares of Matador Resources during the second quarter worth $235,000. 87.56% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. cut Matador Resources from an “overweight” rating to a “hold” rating and decreased their price objective for the stock from $27.00 to $21.00 in a research note on Friday. Stephens assumed coverage on Matador Resources in a research note on Thursday. They set a “weight” rating and a $29.00 price objective for the company. MKM Partners assumed coverage on Matador Resources in a research note on Wednesday. They set a “buy” rating and a $28.00 price objective for the company. Cowen assumed coverage on Matador Resources in a research note on Thursday, November 29th. They set a “market perform” rating for the company. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $26.00 price objective on shares of Matador Resources in a research note on Thursday, November 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $35.76.

In other news, CFO David E. Lancaster purchased 2,500 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were bought at an average cost of $21.88 per share, for a total transaction of $54,700.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy E. Parker purchased 2,000 shares of the business’s stock in a transaction dated Friday, November 16th. The stock was purchased at an average price of $24.93 per share, for a total transaction of $49,860.00. Following the completion of the acquisition, the director now owns 10,172 shares of the company’s stock, valued at $253,587.96. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 27,000 shares of company stock worth $636,231. Corporate insiders own 11.10% of the company’s stock.

MTDR stock opened at $21.74 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.63 and a current ratio of 0.69. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 0.63 and a beta of 1.43. Matador Resources Co has a 1-year low of $21.34 and a 1-year high of $35.22.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, October 31st. The energy company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.11. The firm had revenue of $207.18 million for the quarter, compared to analyst estimates of $208.75 million. Matador Resources had a return on equity of 11.17% and a net margin of 22.69%. The company’s revenue for the quarter was up 64.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. Analysts predict that Matador Resources Co will post 1.66 earnings per share for the current year.

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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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