Vaughan Nelson Investment Management L.P. Raises Stake in Matador Resources (NYSE:MTDR)

Vaughan Nelson Investment Management L.P. increased its holdings in shares of Matador Resources (NYSE:MTDR - Free Report) by 57.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 959,795 shares of the energy company's stock after buying an additional 349,820 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.77% of Matador Resources worth $53,998,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB grew its position in shares of 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 acquiring an additional 207 shares during the last quarter. ClearAlpha Technologies LP lifted its holdings in Matador Resources by 4.3% in the 3rd quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company's stock valued at $259,000 after acquiring an additional 218 shares during the last quarter. Greenleaf Trust boosted its holdings in Matador Resources by 3.8% during the third quarter. Greenleaf Trust now owns 7,086 shares of the energy company's stock worth $350,000 after buying an additional 260 shares in the last quarter. Denver PWM LLC grew its holdings in shares of Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company's stock worth $37,000 after acquiring an additional 303 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in Matador Resources by 6.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,081 shares of the energy company's stock worth $252,000 after buying an additional 310 shares during the period. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Trading Down 4.9 %

Shares of MTDR stock traded down $2.92 during trading hours on Wednesday, reaching $56.45. The company's stock had a trading volume of 937,106 shares, compared to its average volume of 1,026,343. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The stock has a market capitalization of $7.04 billion, a P/E ratio of 7.48 and a beta of 3.22. The firm's fifty day simple moving average is $58.20 and its 200 day simple moving average is $55.85.

Insider Transactions at Matador Resources

In other news, EVP William Thomas Elsener purchased 800 shares of the stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $56.60 per share, with a total value of $45,280.00. Following the completion of the acquisition, the executive vice president now directly owns 102,964 shares of the company's stock, 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 SEC, which is available through the SEC website. Also, CEO Joseph Wm Foran bought 2,000 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average cost of $55.18 per share, for a total transaction of $110,360.00. Following the purchase, the chief executive officer now directly owns 42,251 shares in the company, 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 purchased a total of 2,980 shares of company stock valued at $165,988 in the last quarter. 6.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MTDR. TD Cowen lifted their price objective on Matador Resources from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Morgan Stanley started coverage on shares of Matador Resources in a report on Friday, January 10th. They issued an "equal weight" rating and a $78.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on Matador Resources from $77.00 to $71.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. KeyCorp decreased their target price on Matador Resources from $76.00 to $72.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Finally, Wolfe Research raised shares of Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price target on the stock in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Matador Resources has an average rating of "Moderate Buy" and a consensus price target of $75.14.

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.