Value Holdings Management CO. LLC Increases Stock Position in Matador Resources (NYSE:MTDR)

Value Holdings Management CO. LLC boosted its stake in Matador Resources (NYSE:MTDR) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 684,008 shares of the energy company’s stock after purchasing an additional 14,000 shares during the quarter. Matador Resources comprises 6.7% of Value Holdings Management CO. LLC’s investment portfolio, making the stock its 4th biggest position. Value Holdings Management CO. LLC owned 0.55% of Matador Resources worth $38,483,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Victory Capital Management Inc. grew its stake in shares of Matador Resources by 2.7% in the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock worth $136,009,000 after purchasing an additional 72,077 shares during the last quarter. Clearbridge Investments LLC lifted its position in Matador Resources by 10.5% in the 2nd quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock valued at $134,102,000 after acquiring an additional 214,334 shares in the last quarter. Geode Capital Management LLC grew its holdings in Matador Resources by 1.9% during the third quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock worth $99,297,000 after buying an additional 36,921 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Matador Resources by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company’s stock valued at $70,914,000 after purchasing an additional 57,254 shares in the last quarter. Finally, Wasatch Advisors LP boosted its stake in shares of Matador Resources by 4.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,287,587 shares of the energy company’s stock worth $63,633,000 after buying an additional 52,498 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insider Activity

In related news, EVP Glenn W. Stetson purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average price of $51.33 per share, with a total value of $51,330.00. Following the completion of the purchase, the executive vice president now owns 85,935 shares of the company’s stock, valued at approximately $4,411,043.55. The trade was a 1.18 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William Thomas Elsener bought 800 shares of the stock in a transaction on Friday, December 13th. The stock was purchased 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 in the company, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 4,285 shares of company stock valued at $232,849. 6.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MTDR. Benchmark restated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a research note on Friday. TD Cowen increased their price objective on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company upped their price objective 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. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a research note on Friday, January 3rd. Finally, Mizuho decreased their target price on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.14.

Matador Resources Price Performance

Shares of NYSE MTDR traded up $0.45 during mid-day trading on Friday, reaching $63.83. The company’s stock had a trading volume of 925,230 shares, 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. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The stock has a fifty day moving average of $57.94 and a two-hundred day moving average of $56.16. The firm has a market capitalization of $7.96 billion, a PE ratio of 8.45 and a beta of 3.24.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.11. The firm had revenue of $770.20 million for the quarter, compared to analysts’ expectations of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 earnings per share. As a group, sell-side analysts anticipate that Matador Resources will post 7.46 EPS for the current fiscal year.

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.