Shaker Investments LLC OH Acquires New Holdings in Matador Resources (NYSE:MTDR)

Shaker Investments LLC OH bought a new stake in Matador Resources (NYSE:MTDR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,701 shares of the energy company's stock, valued at approximately $546,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. raised its position in shares of Matador Resources by 57.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 959,795 shares of the energy company's stock worth $53,998,000 after acquiring an additional 349,820 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Matador Resources by 58.6% in the 4th quarter. Empowered Funds LLC now owns 56,438 shares of the energy company's stock valued at $3,175,000 after acquiring an additional 20,854 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in Matador Resources during the fourth quarter valued at approximately $217,000. Choreo LLC bought a new stake in Matador Resources in the fourth quarter valued at approximately $302,000. Finally, Retirement Systems of Alabama raised its stake in Matador Resources by 99.6% during the 4th quarter. Retirement Systems of Alabama now owns 281,493 shares of the energy company's stock worth $15,837,000 after buying an additional 140,486 shares during the period. Institutional investors and hedge funds own 91.98% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Benchmark reissued a "buy" rating and set a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Morgan Stanley started coverage on Matador Resources in a research note on Friday, January 10th. They issued an "equal weight" rating and a $78.00 price target on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $70.00 price objective on shares of Matador Resources in a report on Wednesday, January 15th. Truist Financial boosted their target price on Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Stephens lifted their price objective on shares of Matador Resources from $78.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $75.14.

Insider Activity at Matador Resources

In related news, EVP William Thomas Elsener acquired 800 shares of the company's stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $56.60 per share, with a total value of $45,280.00. Following the acquisition, the executive vice president now directly owns 102,964 shares of the company's stock, valued at approximately $5,827,762.40. The trade was a 0.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Wm Foran purchased 2,000 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was bought at an average price of $55.18 per share, for a total transaction of $110,360.00. Following 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 position. The disclosure for this purchase can be found here. Insiders bought 2,980 shares of company stock worth $165,988 in the last ninety days. 6.10% of the stock is owned by company insiders.

Matador Resources Stock Performance

MTDR remained flat at $57.12 on Friday. 554,671 shares of the company were exchanged, compared to its average volume of 994,102. The firm has a market cap of $7.13 billion, a PE ratio of 7.58 and a beta of 3.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The firm's fifty day simple moving average is $58.18 and its two-hundred day simple moving average is $55.86.

Matador Resources 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.