Value Holdings Management CO. LLC Has $38.48 Million Position in Matador Resources (NYSE:MTDR)

Value Holdings Management CO. LLC lifted its stake in Matador Resources (NYSE:MTDR - Free Report) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 684,008 shares of the energy company's stock after buying an additional 14,000 shares during the quarter. Matador Resources makes up 6.7% of Value Holdings Management CO. LLC's holdings, making the stock its 4th largest position. Value Holdings Management CO. LLC owned about 0.55% of Matador Resources worth $38,483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of MTDR. True Wealth Design LLC acquired a new stake in Matador Resources in the 3rd quarter valued at $37,000. Denver PWM LLC raised its holdings in Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company's stock valued at $37,000 after acquiring an additional 303 shares during the last quarter. Quarry LP boosted its position in shares of Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company's stock valued at $46,000 after acquiring an additional 251 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Matador Resources by 329.0% during the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company's stock valued at $41,000 after buying an additional 635 shares during the period. Finally, Covestor Ltd grew its holdings in shares of Matador Resources by 154.8% during the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company's stock worth $52,000 after purchasing an additional 644 shares during the period. Hedge funds and other institutional investors own 91.98% of the company's stock.

Insiders Place Their Bets

In other Matador Resources news, EVP Glenn W. Stetson bought 1,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was purchased at an average price 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 in the company, valued at approximately $4,411,043.55. This trade represents a 1.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph Wm Foran bought 2,000 shares of the business's stock in a transaction on Friday, December 6th. The stock was acquired at an average cost of $55.18 per share, for a total transaction of $110,360.00. Following the acquisition, the chief executive officer now directly owns 42,251 shares of the company's stock, valued at $2,331,410.18. The trade was a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 4,285 shares of company stock worth $232,849 in the last three months. 6.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MTDR has been the topic of a number of research analyst reports. Benchmark reissued a "buy" rating and issued a $62.00 target price on shares of Matador Resources in a research report on Friday. Wells Fargo & Company boosted their target price on Matador Resources from $87.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. Morgan Stanley assumed coverage on Matador Resources in a research report on Friday, January 10th. They issued an "equal weight" rating and a $78.00 price target on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $70.00 price objective on shares of Matador Resources in a research report on Wednesday. Finally, Stephens raised their target price 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Matador Resources currently has an average rating of "Moderate Buy" and an average price target of $75.14.

Matador Resources Trading Up 0.7 %

MTDR stock traded up $0.45 on Friday, hitting $63.83. 925,230 shares of the company were exchanged, compared to its average volume of 865,255. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 8.45 and a beta of 3.24. The business's fifty day moving average is $57.94 and its two-hundred day moving average is $56.13. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08.

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

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.