Shaker Investments LLC OH Makes New $546,000 Investment in Matador Resources (NYSE:MTDR)

Shaker Investments LLC OH purchased a new position in Matador Resources (NYSE:MTDR) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 9,701 shares of the energy company’s stock, valued at approximately $546,000.

Several other institutional investors and hedge funds have also modified their holdings of MTDR. MassMutual Private Wealth & Trust FSB lifted its stake in Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after buying an additional 207 shares in the last quarter. ClearAlpha Technologies LP lifted its position 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 in the last quarter. Greenleaf Trust boosted its stake in Matador Resources by 3.8% in the 3rd quarter. Greenleaf Trust now owns 7,086 shares of the energy company’s stock worth $350,000 after purchasing an additional 260 shares during the period. Denver PWM LLC increased its holdings in Matador Resources by 67.2% during the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock worth $37,000 after purchasing an additional 303 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of Matador Resources by 6.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,081 shares of the energy company’s stock valued at $252,000 after purchasing an additional 310 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Mizuho reduced their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. KeyCorp decreased their price objective on Matador Resources from $76.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Wednesday, January 15th. Benchmark reaffirmed a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. 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 research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.14.

Matador Resources Price Performance

Matador Resources stock opened at $59.25 on Tuesday. 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 52 week low of $47.15 and a 52 week high of $71.08. The stock has a market capitalization of $7.39 billion, a P/E ratio of 7.85 and a beta of 3.22. The stock has a fifty day moving average of $58.23 and a 200-day moving average of $55.86.

Insiders Place Their Bets

In other news, EVP William Thomas Elsener bought 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, for a total transaction of $45,280.00. Following the completion of the transaction, the executive vice president now 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joseph Wm Foran bought 2,000 shares of Matador Resources stock in a transaction 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 completion of the acquisition, the chief executive officer now directly owns 42,251 shares in the company, valued at approximately $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. Over the last 90 days, insiders acquired 2,980 shares of company stock valued at $165,988. 6.10% of the stock is currently owned by corporate insiders.

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.