Hodges Capital Management Lowers stake in Matador Resources Co (MTDR)

Matador Resources Co (MTDR) : Hodges Capital Management reduced its stake in Matador Resources Co by 9.09% during the most recent quarter end. The investment management company now holds a total of 1,878,994 shares of Matador Resources Co which is valued at $42.2 Million after selling 187,790 shares in Matador Resources Co , the firm said in a disclosure report filed with the SEC on May 26, 2016.Matador Resources Co makes up approximately 1.92% of Hodges Capital Management’s portfolio.

Other Hedge Funds, Including , Clear Harbor Asset Management boosted its stake in MTDR in the latest quarter, The investment management firm added 4,020 additional shares and now holds a total of 120,501 shares of Matador Resources Co which is valued at $2.7 Million. Matador Resources Co makes up approx 0.58% of Clear Harbor Asset Management’s portfolio. Aqr Capital Management sold out all of its stake in MTDR during the most recent quarter. The investment firm sold 27,316 shares of MTDR which is valued $602,045. Arrowgrass Capital Partners (us) Lp added MTDR to its portfolio by purchasing 855,549 company shares during the most recent quarter which is valued at $18.9 Million. Matador Resources Co makes up approx 0.52% of Arrowgrass Capital Partners (us) Lp’s portfolio.Silvercrest Asset Management Group boosted its stake in MTDR in the latest quarter, The investment management firm added 62,354 additional shares and now holds a total of 1,771,687 shares of Matador Resources Co which is valued at $39 Million. Matador Resources Co makes up approx 0.54% of Silvercrest Asset Management Group’s portfolio. Lazard Asset Management added MTDR to its portfolio by purchasing 414,855 company shares during the most recent quarter which is valued at $8.6 Million. Matador Resources Co makes up approx 0.02% of Lazard Asset Management’s portfolio.

Matador Resources Co opened for trading at $22.26 and hit $22.92 on the upside on Wednesday, eventually ending the session at $22.86, with a gain of 0.62% or 0.14 points. The heightened volatility saw the trading volume jump to 9,69,122 shares. Company has a market cap of $2,132 M.

On the company’s financial health, Matador Resources Co reported $-0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.18. The company had revenue of $44.15 million for the quarter, compared to analysts expectations of $52.75 million. The company’s revenue was down -39.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.68 EPS.

Many Wall Street Analysts have commented on Matador Resources Co. Company shares were Reiterated by Wunderlich on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $25 .Imperial Capital Initiated Matador Resources Co on Apr 22, 2016 to “Outperform”, Price Target of the shares are set at $25.Matador Resources Co was Downgraded by Stifel to ” Hold” on Apr 6, 2016.

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 operations are focused primarily on the oil and liquids portion of the Eagle Ford shale play in South Texas and the Wolfcamp and Bone Spring plays in the Permian Basin in Southeast New Mexico and West Texas. The Company also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. In addition it has an exploratory leasehold position in Southwest Wyoming and adjacent areas of Utah and Idaho where it is testing the Meade Peak shale. The Company is the operator for over 90% of its Eagle Ford acreage and approximately two-thirds of its Haynesville acreage including approximately 36% of its acreage. It has approximately 152400 gross (85400 net) acres in the Permian Basin.

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