Boston Trust Walden Corp Raises Holdings in Matador Resources (NYSE:MTDR)

Boston Trust Walden Corp grew its holdings in shares of Matador Resources (NYSE:MTDR - Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,069,360 shares of the energy company's stock after acquiring an additional 21,449 shares during the period. Boston Trust Walden Corp owned about 0.86% of Matador Resources worth $60,162,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB boosted its position in shares of Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock valued at $29,000 after purchasing an additional 207 shares in the last quarter. True Wealth Design LLC purchased a new position in Matador Resources during the 3rd quarter worth $37,000. Denver PWM LLC grew its position in Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company's stock worth $37,000 after purchasing an additional 303 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Matador Resources by 329.0% during the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company's stock valued at $41,000 after acquiring an additional 635 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company's stock worth $46,000 after purchasing an additional 251 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wolfe Research raised Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price target on the stock in a research report on Friday, January 3rd. TD Cowen increased their price objective on Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Truist Financial raised their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, January 13th. KeyCorp decreased their price target on Matador Resources from $76.00 to $72.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company increased their target price on shares of Matador Resources from $87.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Matador Resources has a consensus rating of "Moderate Buy" and an average price target of $75.14.

Insider Buying and Selling

In other news, EVP William Thomas Elsener bought 800 shares of Matador Resources stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $56.60 per share, with a total value of $45,280.00. Following the completion of the purchase, the executive vice president now owns 102,964 shares in the company, valued at $5,827,762.40. The trade was a 0.78 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Joseph Wm Foran purchased 2,000 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were purchased at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the completion of the acquisition, the chief executive officer now directly owns 42,251 shares in the company, valued at $2,331,410.18. The trade was a 4.97 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 2,980 shares of company stock worth $165,988. Insiders own 6.10% of the company's stock.

Matador Resources Price Performance

MTDR stock traded down $1.54 during mid-day trading on Thursday, hitting $56.43. The company had a trading volume of 734,133 shares, compared to its average volume of 1,049,280. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 7.47 and a beta of 3.22. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08. The company has a 50-day moving average price of $58.29 and a 200 day moving average price of $56.00.

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 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.