Copeland Capital Management LLC Boosts Stake in Matador Resources (NYSE:MTDR)

Copeland Capital Management LLC increased its stake in Matador Resources (NYSE:MTDR - Free Report) by 145.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,283,743 shares of the energy company's stock after purchasing an additional 760,122 shares during the period. Matador Resources makes up 1.3% of Copeland Capital Management LLC's holdings, making the stock its 21st largest position. Copeland Capital Management LLC owned approximately 1.03% of Matador Resources worth $72,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MTDR. Victory Capital Management Inc. increased its stake in Matador Resources by 2.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company's stock valued at $136,009,000 after buying an additional 72,077 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Matador Resources by 1.9% in the third quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company's stock valued at $99,297,000 after acquiring an additional 36,921 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Matador Resources by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company's stock worth $70,914,000 after acquiring an additional 57,254 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Matador Resources by 4.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,287,587 shares of the energy company's stock valued at $63,633,000 after acquiring an additional 52,498 shares during the period. Finally, Boston Trust Walden Corp bought a new stake in Matador Resources in the third quarter valued at approximately $51,788,000. Institutional investors own 91.98% of the company's stock.

Insider Transactions at Matador Resources

In other news, CEO Joseph Wm Foran bought 2,000 shares of the stock in a transaction dated Friday, December 6th. The shares were bought at an average cost of $55.18 per share, with a total value of $110,360.00. Following the completion of the transaction, the chief executive officer now directly owns 42,251 shares of the company's stock, valued at $2,331,410.18. This trade represents a 4.97 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP William Thomas Elsener purchased 800 shares of Matador Resources stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost 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 in the company, valued at $5,827,762.40. This trade represents a 0.78 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 2,980 shares of company stock valued at $165,988 in the last quarter. 6.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MTDR. TD Cowen boosted their target price on Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Wolfe Research upgraded Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price target for the company in a research note on Friday, January 3rd. Stephens lifted their price objective on Matador Resources from $78.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Mizuho cut their price objective on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Finally, Wells Fargo & Company upped their price target 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 research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.14.

Matador Resources Trading Down 0.8 %

NYSE MTDR traded down $0.48 during trading hours on Wednesday, hitting $57.89. 372,664 shares of the company's stock were exchanged, compared to its average volume of 1,043,632. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock has a 50-day simple moving average of $58.38 and a 200 day simple moving average of $55.98. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 7.68 and a beta of 3.22.

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.