Virginia Retirement Systems ET AL raised its stake in Matador Resources Company (NYSE:MTDR) by 97.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 112,159 shares of the energy company’s stock after buying an additional 55,300 shares during the period. Virginia Retirement Systems ET AL owned approximately 0.11% of Matador Resources worth $2,397,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MTDR. Federated Investors Inc. PA acquired a new position in shares of Matador Resources during the second quarter valued at $931,000. State Board of Administration of Florida Retirement System boosted its position in shares of Matador Resources by 6.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 50,745 shares of the energy company’s stock valued at $1,084,000 after buying an additional 3,184 shares during the period. ZWJ Investment Counsel Inc. boosted its position in shares of Matador Resources by 12.4% in the second quarter. ZWJ Investment Counsel Inc. now owns 24,363 shares of the energy company’s stock valued at $521,000 after buying an additional 2,696 shares during the period. Nikko Asset Management Americas Inc. boosted its position in shares of Matador Resources by 46.9% in the second quarter. Nikko Asset Management Americas Inc. now owns 337,400 shares of the energy company’s stock valued at $7,210,000 after buying an additional 107,700 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Matador Resources by 318.1% in the second quarter. BNP Paribas Arbitrage SA now owns 76,233 shares of the energy company’s stock valued at $1,629,000 after buying an additional 58,000 shares during the period. Hedge funds and other institutional investors own 91.96% of the company’s stock.

Shares of Matador Resources Company (MTDR) opened at 22.96 on Wednesday. The company has a 50-day moving average price of $23.31 and a 200-day moving average price of $23.29. The company has a market capitalization of $2.31 billion, a P/E ratio of 11.87 and a beta of 1.20. Matador Resources Company has a 12 month low of $19.99 and a 12 month high of $28.51.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.11. The business had revenue of $115.90 million during the quarter, compared to the consensus estimate of $112.21 million. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The business’s revenue for the quarter was up 65.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) earnings per share. On average, analysts forecast that Matador Resources Company will post $0.49 EPS for the current fiscal year.

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Several research firms recently issued reports on MTDR. Northland Securities set a $33.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a report on Monday, August 21st. Zacks Investment Research raised shares of Matador Resources from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. BMO Capital Markets set a $26.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a report on Saturday, August 12th. Royal Bank Of Canada set a $29.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, Scotiabank reissued a “buy” rating and issued a $26.00 target price on shares of Matador Resources in a report on Thursday, August 3rd. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Matador Resources currently has an average rating of “Buy” and an average target price of $28.80.

In other Matador Resources news, Chairman Joseph Wm Foran sold 11,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $23.12, for a total transaction of $254,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David M. Posner purchased 4,115 shares of the stock in a transaction on Tuesday, August 8th. The shares were purchased at an average cost of $24.10 per share, with a total value of $99,171.50. Following the transaction, the director now owns 6,274 shares of the company’s stock, valued at approximately $151,203.40. The disclosure for this purchase can be found here. 11.90% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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