US Bancorp DE Has $462,000 Holdings in Matador Resources (NYSE:MTDR)

US Bancorp DE reduced its holdings in Matador Resources (NYSE:MTDR – Get Rating) by 13.4% during the 3rd quarter, Holdings Channel reports. The fund owned 9,451 shares of the energy company’s stock after selling 1,466 shares during the quarter. US Bancorp DE’s holdings in Matador Resources were worth $462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Keybank National Association OH bought a new stake in shares of Matador Resources during the 3rd quarter valued at $202,000. Strs Ohio raised its holdings in Matador Resources by 6.3% in the 3rd quarter. Strs Ohio now owns 25,200 shares of the energy company’s stock valued at $1,232,000 after acquiring an additional 1,500 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Matador Resources by 1,681.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 192,786 shares of the energy company’s stock valued at $9,431,000 after acquiring an additional 181,964 shares during the period. Wipfli Financial Advisors LLC bought a new position in Matador Resources in the 3rd quarter valued at about $203,000. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in shares of Matador Resources by 3.0% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 310,136 shares of the energy company’s stock worth $15,172,000 after purchasing an additional 8,980 shares during the period. 87.00% of the stock is owned by institutional investors and hedge funds.

Matador Resources Trading Up 1.9 %

NYSE:MTDR opened at $61.67 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.48 and a quick ratio of 1.46. The firm has a 50-day moving average of $60.26 and a 200-day moving average of $58.74. The company has a market cap of $7.29 billion, a PE ratio of 6.28 and a beta of 3.50. Matador Resources has a one year low of $37.50 and a one year high of $73.78.

Matador Resources (NYSE:MTDR – Get Rating) last posted its earnings results on Tuesday, October 25th. The energy company reported $2.68 EPS for the quarter, topping the consensus estimate of $2.47 by $0.21. Matador Resources had a net margin of 40.29% and a return on equity of 45.40%. The company had revenue of $751.40 million during the quarter, compared to the consensus estimate of $740.23 million. During the same period in the previous year, the firm posted $1.25 earnings per share. The firm’s revenue for the quarter was up 62.8% on a year-over-year basis. As a group, equities research analysts expect that Matador Resources will post 10.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on MTDR. KeyCorp reduced their price target on shares of Matador Resources from $79.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, December 8th. JPMorgan Chase & Co. lowered their target price on shares of Matador Resources from $71.00 to $67.00 and set an “overweight” rating for the company in a research note on Friday, October 14th. Mizuho began coverage on shares of Matador Resources in a research note on Monday, January 9th. They issued a “neutral” rating and a $70.00 price target for the company. StockNews.com began coverage on shares of Matador Resources in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Raymond James lifted their price target on shares of Matador Resources from $60.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, October 24th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.11.

Matador Resources Company Profile

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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 through 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.