Matador Resources Co (MTDR) Position Raised by Texas Permanent School Fund

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Texas Permanent School Fund boosted its stake in Matador Resources Co (NYSE:MTDR) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,754 shares of the energy company’s stock after purchasing an additional 2,591 shares during the quarter. Texas Permanent School Fund owned about 0.06% of Matador Resources worth $1,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in MTDR. Nisa Investment Advisors LLC raised its stake in Matador Resources by 64.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,550 shares of the energy company’s stock valued at $40,000 after purchasing an additional 1,000 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Matador Resources by 1,453.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 634,633 shares of the energy company’s stock valued at $41,000 after purchasing an additional 593,768 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in Matador Resources in the fourth quarter valued at approximately $152,000. Cerity Partners LLC raised its stake in Matador Resources by 14.9% in the fourth quarter. Cerity Partners LLC now owns 10,579 shares of the energy company’s stock valued at $164,000 after purchasing an additional 1,369 shares in the last quarter. Finally, Wesbanco Bank Inc. purchased a new stake in Matador Resources in the third quarter valued at approximately $208,000. 93.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of Matador Resources stock opened at $18.69 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. Matador Resources Co has a 52-week low of $13.97 and a 52-week high of $35.22. The company has a market capitalization of $2.18 billion, a PE ratio of 11.54, a PEG ratio of 0.74 and a beta of 1.87.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, February 26th. The energy company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.10. Matador Resources had a net margin of 30.48% and a return on equity of 11.24%. The firm had revenue of $202.10 million for the quarter, compared to analysts’ expectations of $202.83 million. During the same quarter last year, the business earned $0.25 earnings per share. The business’s revenue was up 20.0% on a year-over-year basis. As a group, analysts predict that Matador Resources Co will post 1.1 EPS for the current year.

MTDR has been the topic of several research reports. Zacks Investment Research downgraded shares of Matador Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. SunTrust Banks reissued a “hold” rating and set a $26.00 price target on shares of Matador Resources in a research note on Thursday, November 29th. Cowen initiated coverage on shares of Matador Resources in a research note on Thursday, November 29th. They set a “market perform” rating on the stock. MKM Partners initiated coverage on shares of Matador Resources in a research note on Wednesday, December 5th. They set a “buy” rating and a $28.00 price target on the stock. Finally, Stephens initiated coverage on shares of Matador Resources in a research note on Thursday, December 6th. They set a “weight” rating and a $29.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Matador Resources presently has an average rating of “Hold” and a consensus target price of $34.25.

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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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