Choreo LLC Buys Shares of 5,452 Matador Resources (NYSE:MTDR)

Choreo LLC bought a new position in Matador Resources (NYSE:MTDR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 5,452 shares of the energy company's stock, valued at approximately $302,000.

Other large investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after buying an additional 207 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Matador Resources in the 3rd quarter worth about $37,000. Denver PWM LLC increased its holdings in shares of 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 buying an additional 303 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Matador Resources by 329.0% in the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company's stock worth $41,000 after buying an additional 635 shares during the last quarter. Finally, Covestor Ltd grew its holdings in Matador Resources by 154.8% during the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company's stock valued at $52,000 after purchasing an additional 644 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP William Thomas Elsener purchased 800 shares of the stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of $56.60 per share, with a total value of $45,280.00. Following the transaction, the executive vice president now owns 102,964 shares of the company's stock, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Wm Foran purchased 2,000 shares of the stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $55.18 per share, with a total value of $110,360.00. Following the transaction, the chief executive officer now directly owns 42,251 shares in the company, valued at approximately $2,331,410.18. This trade represents a 4.97 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 2,980 shares of company stock valued at $165,988. Company insiders own 6.10% of the company's stock.

Matador Resources Stock Up 0.2 %

Shares of MTDR traded up $0.09 during mid-day trading on Monday, hitting $57.21. The company's stock had a trading volume of 1,055,900 shares, compared to its average volume of 977,648. The company's 50-day moving average is $58.24 and its 200-day moving average is $55.75. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 7.58 and a beta of 3.22. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

Wall Street Analyst Weigh In

MTDR has been the topic of several analyst reports. TD Cowen upped their price target on shares of Matador Resources from $74.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Wolfe Research upgraded shares of Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price target on the stock in a report on Friday, January 3rd. Benchmark reiterated a "buy" rating and set a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. Wells Fargo & Company upped their price target on shares of Matador Resources from $87.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $70.00 price target on shares of Matador Resources in a report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $75.14.

Matador Resources Company 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 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.