Matador Resources Co (NYSE:MTDR) Shares Sold by Northwestern Mutual Investment Management Company LLC

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Northwestern Mutual Investment Management Company LLC lowered its position in shares of Matador Resources Co (NYSE:MTDR) by 5.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,429 shares of the energy company’s stock after selling 1,143 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Matador Resources were worth $356,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MTDR. New York State Teachers Retirement System boosted its holdings in Matador Resources by 1.5% in the 4th quarter. New York State Teachers Retirement System now owns 44,252 shares of the energy company’s stock valued at $687,000 after purchasing an additional 652 shares in the last quarter. Arizona State Retirement System boosted its holdings in Matador Resources by 1.1% in the 4th quarter. Arizona State Retirement System now owns 74,313 shares of the energy company’s stock valued at $1,154,000 after purchasing an additional 777 shares in the last quarter. Rhumbline Advisers boosted its holdings in Matador Resources by 68.7% in the 4th quarter. Rhumbline Advisers now owns 317,822 shares of the energy company’s stock valued at $4,936,000 after purchasing an additional 129,395 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in Matador Resources in the 4th quarter valued at approximately $152,000. Finally, Creative Planning boosted its holdings in Matador Resources by 63.3% in the 4th quarter. Creative Planning now owns 22,425 shares of the energy company’s stock valued at $348,000 after purchasing an additional 8,695 shares in the last quarter. 95.01% of the stock is owned by institutional investors and hedge funds.

In related news, President Matthew V. Hairford acquired 2,000 shares of the stock in a transaction dated Friday, June 7th. The stock was bought at an average cost of $16.78 per share, with a total value of $33,560.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth L. Stewart acquired 5,000 shares of the stock in a transaction dated Friday, May 24th. The shares were bought at an average cost of $17.76 per share, with a total value of $88,800.00. Following the completion of the purchase, the director now directly owns 37,532 shares in the company, valued at $666,568.32. The disclosure for this purchase can be found here. Insiders acquired a total of 13,000 shares of company stock valued at $222,160 over the last quarter. 6.90% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on MTDR shares. MKM Partners upgraded shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Tuesday, May 28th. JPMorgan Chase & Co. upgraded shares of Matador Resources from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $28.00 to $26.00 in a research report on Friday, June 7th. Imperial Capital reiterated an “outperform” rating and set a $33.00 price target (up from $31.00) on shares of Matador Resources in a research report on Monday, April 1st. Wells Fargo & Co reiterated a “hold” rating on shares of Matador Resources in a research report on Wednesday, March 13th. Finally, Northland Securities reiterated a “buy” rating and set a $32.00 price target on shares of Matador Resources in a research report on Tuesday, February 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.07.

Shares of Matador Resources stock traded down $0.29 during trading on Wednesday, hitting $17.02. 54,409 shares of the company were exchanged, compared to its average volume of 2,289,899. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.70 and a quick ratio of 0.64. Matador Resources Co has a fifty-two week low of $13.97 and a fifty-two week high of $34.90. The company has a market capitalization of $1.97 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.73 and a beta of 1.92.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Matador Resources had a return on equity of 9.57% and a net margin of 22.37%. The firm had revenue of $173.89 million during the quarter, compared to the consensus estimate of $198.76 million. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. As a group, research analysts expect that Matador Resources Co will post 1.3 EPS for the current fiscal year.

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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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