Spring Capital Management LLC Purchases 24,000 Shares of Matador Resources (NYSE:MTDR)

Spring Capital Management LLC increased its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 89.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,827 shares of the energy company's stock after buying an additional 24,000 shares during the period. Matador Resources comprises about 1.7% of Spring Capital Management LLC's holdings, making the stock its 22nd biggest position. Spring Capital Management LLC's holdings in Matador Resources were worth $2,860,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Boston Trust Walden Corp purchased a new stake in Matador Resources in the 3rd quarter worth about $51,788,000. Yaupon Capital Management LP boosted its position in Matador Resources by 565.4% during the third quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company's stock worth $36,770,000 after purchasing an additional 632,218 shares during the period. FMR LLC increased its stake in shares of Matador Resources by 162.9% in the third quarter. FMR LLC now owns 478,795 shares of the energy company's stock worth $23,662,000 after purchasing an additional 296,663 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Matador Resources by 10.5% in the second quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company's stock valued at $134,102,000 after purchasing an additional 214,334 shares during the period. Finally, HITE Hedge Asset Management LLC purchased a new stake in shares of Matador Resources during the 3rd quarter valued at approximately $10,526,000. Institutional investors own 91.98% of the company's stock.

Matador Resources Price Performance

MTDR traded up $0.45 during midday trading on Friday, hitting $63.83. The stock had a trading volume of 925,230 shares, compared to its average volume of 865,255. 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 quick ratio of 0.84 and a current ratio of 0.88. The business has a fifty day moving average of $57.94 and a 200 day moving average of $56.13. The company has a market cap of $7.96 billion, a P/E ratio of 8.45 and a beta of 3.24.

Matador Resources (NYSE:MTDR - Get Free Report) last released its earnings results on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.78 by $0.11. The company had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 EPS. As a group, equities analysts forecast that Matador Resources will post 7.46 earnings per share for the current fiscal year.

Insider Transactions at Matador Resources

In other news, CEO Joseph Wm Foran acquired 2,000 shares of the stock in a transaction dated Friday, December 6th. The stock was purchased at an average cost of $55.18 per share, with a total value of $110,360.00. Following the completion of the purchase, the chief executive officer now owns 42,251 shares in the company, valued at approximately $2,331,410.18. The trade was a 4.97 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Glenn W. Stetson bought 1,000 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average cost of $51.33 per share, for a total transaction of $51,330.00. Following the completion of the purchase, the executive vice president now directly owns 85,935 shares of the company's stock, valued at $4,411,043.55. The trade was a 1.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 4,285 shares of company stock worth $232,849. Company insiders own 6.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on MTDR shares. BMO Capital Markets lifted their target price on Matador Resources from $75.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, October 4th. Mizuho decreased their target price on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. KeyCorp cut their price target on shares of Matador Resources from $76.00 to $72.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. TD Cowen upped their price target on shares of Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Finally, Morgan Stanley assumed coverage on Matador Resources in a research note on Friday, January 10th. They set an "equal weight" rating and a $78.00 price objective for the company. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $75.14.

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.