Peterson Wealth Services Sells 5,608 Shares of Matador Resources (NYSE:MTDR)

Peterson Wealth Services lessened its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 13.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,236 shares of the energy company's stock after selling 5,608 shares during the period. Peterson Wealth Services' holdings in Matador Resources were worth $2,095,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its stake in Matador Resources by 68.3% during the fourth 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 position in Matador Resources during the third quarter worth $37,000. Denver PWM LLC raised its stake in Matador Resources by 67.2% during the third 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 raised its stake in Matador Resources by 329.0% during the third 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 raised its stake in Matador Resources by 154.8% during the third quarter. Covestor Ltd now owns 1,060 shares of the energy company's stock worth $52,000 after buying an additional 644 shares during the last quarter. Institutional investors own 91.98% of the company's stock.

Analyst Ratings Changes

MTDR has been the subject of a number of analyst reports. Mizuho lowered their target price on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. TD Cowen lifted their price target on shares of Matador Resources from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Stephens lifted their price target on shares of Matador Resources from $78.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Benchmark reaffirmed a "buy" rating and issued a $62.00 price target on shares of Matador Resources in a research note on Friday, January 17th. Finally, Wells Fargo & Company lifted their price target on shares of Matador Resources from $87.00 to $91.00 and gave the company an "overweight" rating in a research note 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.14.

Matador Resources Stock Up 0.2 %

Shares of NYSE MTDR traded up $0.09 during mid-day trading on Friday, reaching $57.21. 1,055,900 shares of the company's stock traded hands, compared to its average volume of 1,014,360. The stock has a market cap of $7.14 billion, a P/E ratio of 7.58 and a beta of 3.22. The business has a 50-day simple moving average of $58.22 and a 200 day simple moving average of $55.84. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84.

Insider Buying and Selling

In other news, EVP William Thomas Elsener purchased 800 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 owns 42,251 shares of the company's stock, 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 ninety days, insiders have bought 2,980 shares of company stock worth $165,988. 6.10% of the stock is owned by insiders.

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.