Matador Resources Co (MTDR) Stake Lowered by Columbus Circle Investors

Columbus Circle Investors cut its holdings in Matador Resources Co (NYSE:MTDR) by 24.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 348,746 shares of the energy company’s stock after selling 112,791 shares during the quarter. Columbus Circle Investors owned 0.30% of Matador Resources worth $11,526,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Congress Asset Management Co. MA increased its position in shares of Matador Resources by 9.9% in the third quarter. Congress Asset Management Co. MA now owns 163,319 shares of the energy company’s stock valued at $5,398,000 after buying an additional 14,755 shares in the last quarter. James Investment Research Inc. purchased a new stake in shares of Matador Resources during the third quarter worth approximately $2,133,000. Russell Investments Group Ltd. increased its position in shares of Matador Resources by 46.3% during the third quarter. Russell Investments Group Ltd. now owns 51,725 shares of the energy company’s stock worth $1,709,000 after purchasing an additional 16,369 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in shares of Matador Resources by 16.6% during the third quarter. Conestoga Capital Advisors LLC now owns 1,189,821 shares of the energy company’s stock worth $39,324,000 after purchasing an additional 169,152 shares in the last quarter. Finally, Creative Planning increased its position in shares of Matador Resources by 18.0% during the third quarter. Creative Planning now owns 13,730 shares of the energy company’s stock worth $454,000 after purchasing an additional 2,091 shares in the last quarter. Institutional investors and hedge funds own 88.37% of the company’s stock.

Shares of NYSE:MTDR opened at $28.84 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.22 and a quick ratio of 1.17. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 0.76 and a beta of 1.55. Matador Resources Co has a 52-week low of $25.47 and a 52-week high of $35.22.



Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, August 1st. The energy company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.08. The company had revenue of $211.37 million during the quarter, compared to analysts’ expectations of $185.07 million. Matador Resources had a return on equity of 9.84% and a net margin of 24.93%. The firm’s quarterly revenue was up 63.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. As a group, equities analysts expect that Matador Resources Co will post 1.51 earnings per share for the current fiscal year.

Several analysts recently commented on the company. Northland Securities set a $39.00 price target on Matador Resources and gave the stock a “buy” rating in a research report on Friday, August 3rd. Imperial Capital boosted their price target on Matador Resources from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Monday, October 22nd. Oppenheimer assumed coverage on Matador Resources in a research report on Wednesday, October 3rd. They set an “outperform” rating and a $43.00 price target for the company. Finally, Evercore ISI assumed coverage on Matador Resources in a research report on Tuesday, September 25th. They set an “in-line” rating and a $38.00 price target for the company. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $37.65.

Matador Resources Company Profile

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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