Fenimore Asset Management Inc. Buys 55,885 Shares of Matador Resources Co (NYSE:MTDR)

Fenimore Asset Management Inc. grew its stake in Matador Resources Co (NYSE:MTDR) by 11.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 528,072 shares of the energy company’s stock after buying an additional 55,885 shares during the quarter. Fenimore Asset Management Inc. owned 0.45% of Matador Resources worth $10,498,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in Matador Resources by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 42,022 shares of the energy company’s stock valued at $835,000 after acquiring an additional 592 shares during the period. First National Bank of Omaha grew its stake in shares of Matador Resources by 2.2% in the 2nd quarter. First National Bank of Omaha now owns 75,447 shares of the energy company’s stock valued at $1,500,000 after purchasing an additional 1,636 shares during the period. First Dallas Securities Inc. grew its stake in shares of Matador Resources by 94.9% in the 1st quarter. First Dallas Securities Inc. now owns 50,260 shares of the energy company’s stock valued at $972,000 after purchasing an additional 24,475 shares during the period. ZWJ Investment Counsel Inc. boosted its holdings in shares of Matador Resources by 24.6% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 14,155 shares of the energy company’s stock worth $274,000 after acquiring an additional 2,792 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Matador Resources in the 1st quarter worth approximately $3,364,000. Institutional investors and hedge funds own 94.87% of the company’s stock.

In other news, Director Kenneth L. Stewart acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were acquired 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 of the company’s stock, valued at approximately $666,568.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Matthew V. Hairford bought 2,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was bought at an average price of $16.78 per share, for a total transaction of $33,560.00. The disclosure for this purchase can be found here. Insiders purchased a total of 36,150 shares of company stock valued at $563,568 over the last quarter. 6.90% of the stock is currently owned by company insiders.

MTDR stock opened at $13.73 on Friday. The stock has a 50-day moving average price of $17.53 and a two-hundred day moving average price of $18.47. The stock has a market cap of $1.79 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.96. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 0.81. Matador Resources Co has a 1 year low of $13.42 and a 1 year high of $34.90.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.11. Matador Resources had a net margin of 19.10% and a return on equity of 8.71%. The company had revenue of $241.70 million during the quarter, compared to the consensus estimate of $210.42 million. During the same period in the prior year, the business posted $0.41 EPS. The company’s quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts forecast that Matador Resources Co will post 1.12 earnings per share for the current fiscal year.

MTDR has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised Matador Resources from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $28.00 to $26.00 in a report on Friday, June 7th. Stephens raised Matador Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $22.00 to $24.00 in a report on Tuesday, July 23rd. MKM Partners raised Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, May 28th. Wells Fargo & Co set a $33.00 price objective on Matador Resources and gave the stock a “hold” rating in a report on Thursday, July 11th. Finally, ValuEngine raised Matador Resources from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $31.00.

Matador Resources 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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