Comerica Bank grew its position in Matador Resources Company (NYSE:MTDR) by 751.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,333 shares of the energy company’s stock after purchasing an additional 69,135 shares during the quarter. Comerica Bank owned approximately 0.08% of Matador Resources worth $1,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of MTDR. Legal & General Group Plc lifted its holdings in shares of Matador Resources by 133.3% in the second quarter. Legal & General Group Plc now owns 70,404 shares of the energy company’s stock worth $1,502,000 after buying an additional 40,231 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Matador Resources by 126.3% in the second quarter. Bank of New York Mellon Corp now owns 1,142,808 shares of the energy company’s stock worth $24,422,000 after buying an additional 637,703 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Matador Resources by 75.7% in the second quarter. Rhumbline Advisers now owns 181,943 shares of the energy company’s stock worth $3,888,000 after buying an additional 78,367 shares in the last quarter. Arizona State Retirement System purchased a new position in shares of Matador Resources in the second quarter worth $839,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Matador Resources by 8.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 417,624 shares of the energy company’s stock worth $8,925,000 after buying an additional 31,842 shares in the last quarter. Institutional investors and hedge funds own 91.96% of the company’s stock.
Several equities analysts have recently commented on MTDR shares. ValuEngine downgraded shares of Matador Resources from a “hold” rating to a “sell” rating in a report on Thursday, May 18th. Royal Bank Of Canada reissued a “buy” rating and issued a $28.00 target price on shares of Matador Resources in a report on Thursday, July 20th. BidaskClub raised shares of Matador Resources from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. 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, July 17th. Finally, Imperial Capital started coverage on shares of Matador Resources in a report on Tuesday, July 18th. They issued an “outperform” rating and a $32.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $28.63.
In other Matador Resources news, Director David M. Posner bought 4,115 shares of the stock in a transaction on Tuesday, August 8th. The shares were bought at an average price of $24.10 per share, with a total value of $99,171.50. Following the purchase, the director now directly owns 6,274 shares in the company, valued at approximately $151,203.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.90% of the company’s stock.
Shares of Matador Resources Company (MTDR) opened at 23.04 on Tuesday. The stock has a 50 day moving average of $23.65 and a 200 day moving average of $23.01. The stock has a market cap of $2.31 billion, a P/E ratio of 11.91 and a beta of 1.23. Matador Resources Company has a 52 week low of $19.99 and a 52 week high of $28.51.
Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. The company had revenue of $115.90 million for the quarter, compared to analysts’ expectations of $112.21 million. During the same quarter in the previous year, the company posted ($0.01) EPS. The firm’s quarterly revenue was up 65.1% on a year-over-year basis. On average, analysts expect that Matador Resources Company will post $0.49 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This story was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://sportsperspectives.com/2017/09/12/matador-resources-company-mtdr-holdings-boosted-by-comerica-bank.html.
Matador Resources 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.
Receive News & Ratings for Matador Resources Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources Company and related companies with MarketBeat.com's FREE daily email newsletter.