People s United Financial Inc. boosted its holdings in Matador Resources Co (NYSE:MTDR) by 15.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,692 shares of the energy company’s stock after buying an additional 2,364 shares during the period. People s United Financial Inc.’s holdings in Matador Resources were worth $531,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hennessy Advisors Inc. purchased a new position in Matador Resources in the first quarter worth about $1,084,000. Wells Fargo & Company MN raised its holdings in Matador Resources by 6.0% in the first quarter. Wells Fargo & Company MN now owns 970,161 shares of the energy company’s stock worth $29,018,000 after buying an additional 54,743 shares during the last quarter. Comerica Bank raised its holdings in shares of Matador Resources by 4.8% during the first quarter. Comerica Bank now owns 102,948 shares of the energy company’s stock valued at $3,405,000 after purchasing an additional 4,693 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Matador Resources during the first quarter valued at approximately $528,000. Finally, American Century Companies Inc. purchased a new position in shares of Matador Resources during the first quarter valued at approximately $441,000. 89.14% of the stock is currently owned by hedge funds and other institutional investors.

MTDR has been the subject of several research reports. TheStreet raised shares of Matador Resources from a “c+” rating to a “b” rating in a report on Tuesday, July 17th. KLR Group reissued a “buy” rating and set a $38.00 price objective on shares of Matador Resources in a report on Monday, August 20th. Johnson Rice cut shares of Matador Resources from a “buy” rating to an “accumulate” rating and set a $38.00 price objective for the company. in a report on Wednesday, August 15th. Imperial Capital set a $43.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a report on Thursday, May 24th. Finally, Raymond James reissued a “buy” rating and set a $43.00 price objective on shares of Matador Resources in a report on Sunday, August 12th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $37.43.

MTDR stock traded down $0.08 during midday trading on Friday, reaching $31.05. 1,830,555 shares of the company’s stock traded hands, compared to its average volume of 940,172. Matador Resources Co has a 52-week low of $23.82 and a 52-week high of $35.22. The stock has a market cap of $3.89 billion, a P/E ratio of 43.13, a P/E/G ratio of 0.89 and a beta of 1.51. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, August 1st. The energy company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.08. The business had revenue of $211.37 million during the quarter, compared to analysts’ expectations of $185.07 million. Matador Resources had a net margin of 24.93% and a return on equity of 9.84%. The firm’s revenue was up 63.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 earnings per share. equities analysts forecast that Matador Resources Co will post 1.47 earnings per share for the current year.

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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