Dana Investment Advisors Inc. Purchases New Holdings in Matador Resources Co (MTDR)

Dana Investment Advisors Inc. purchased a new position in shares of Matador Resources Co (NYSE:MTDR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 67,817 shares of the energy company’s stock, valued at approximately $1,841,000. Dana Investment Advisors Inc. owned 0.06% of Matador Resources at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Matador Resources by 53.9% during the 2nd quarter. BlackRock Inc. now owns 10,186,099 shares of the energy company’s stock worth $217,677,000 after purchasing an additional 3,566,950 shares during the period. Vanguard Group Inc. grew its holdings in shares of Matador Resources by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 7,302,038 shares of the energy company’s stock worth $156,044,000 after purchasing an additional 241,175 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of Matador Resources by 88.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 4,959,286 shares of the energy company’s stock worth $105,980,000 after purchasing an additional 2,328,250 shares during the period. State Street Corp grew its holdings in shares of Matador Resources by 40.5% during the 2nd quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock worth $101,655,000 after purchasing an additional 1,370,196 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Matador Resources by 216.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock worth $66,804,000 after purchasing an additional 1,682,663 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

Matador Resources Co (NYSE:MTDR) traded down $0.28 on Friday, reaching $26.97. The company had a trading volume of 927,300 shares, compared to its average volume of 1,541,641. Matador Resources Co has a 1 year low of $20.13 and a 1 year high of $29.76. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2,955.18, a price-to-earnings ratio of 50.46, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16.

Matador Resources (NYSE:MTDR) last posted its earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The firm had revenue of $126.28 million for the quarter, compared to analyst estimates of $123.62 million. During the same quarter in the prior year, the company earned $0.06 EPS. Matador Resources’s revenue was up 42.3% on a year-over-year basis. research analysts anticipate that Matador Resources Co will post 0.63 earnings per share for the current year.

A number of research firms have recently weighed in on MTDR. SunTrust Banks reiterated a “buy” rating and set a $32.00 price target on shares of Matador Resources in a report on Friday, November 10th. Royal Bank of Canada increased their price target on Matador Resources from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. Northland Securities set a $35.00 price target on Matador Resources and gave the stock a “buy” rating in a report on Monday, November 13th. Mizuho set a $28.00 price target on Matador Resources and gave the stock a “hold” rating in a report on Saturday, November 25th. Finally, Imperial Capital increased their target price on Matador Resources from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Matador Resources presently has a consensus rating of “Buy” and an average price target of $29.88.

In related news, Director David M. Posner purchased 1,035 shares of Matador Resources stock in a transaction on Monday, December 4th. The shares were bought at an average price of $28.92 per share, with a total value of $29,932.20. Following the transaction, the director now directly owns 6,274 shares of the company’s stock, valued at $181,444.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.90% of the stock is owned by company insiders.

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

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