Matador Resources Company $MTDR Stock Holdings Lifted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its holdings in Matador Resources Company (NYSE:MTDR) by 41.3% during the third quarter, HoldingsChannel.com reports. The fund owned 68,787 shares of the energy company’s stock after acquiring an additional 20,122 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Matador Resources were worth $3,091,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Matador Resources by 298.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock worth $25,000 after buying an additional 400 shares during the period. Kestra Investment Management LLC grew its position in Matador Resources by 225.2% in the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after purchasing an additional 358 shares during the last quarter. Allworth Financial LP boosted its position in shares of Matador Resources by 182.0% during the second quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock worth $27,000 after buying an additional 364 shares during the period. Ameritas Advisory Services LLC bought a new position in Matador Resources in the 2nd quarter worth approximately $29,000. Finally, Geneos Wealth Management Inc. increased its position in Matador Resources by 361.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after acquiring an additional 690 shares during the period. 91.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MTDR. Wells Fargo & Company lowered Matador Resources from an “overweight” rating to an “equal weight” rating and set a $47.00 price target on the stock. in a report on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of Matador Resources in a research report on Friday, January 9th. Royal Bank Of Canada decreased their price objective on shares of Matador Resources from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Tuesday, January 13th. Morgan Stanley dropped their target price on Matador Resources from $56.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, UBS Group lifted their price target on Matador Resources from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and a consensus price target of $57.82.

Matador Resources Price Performance

NYSE MTDR opened at $42.76 on Tuesday. The stock’s 50-day moving average price is $42.53 and its two-hundred day moving average price is $44.75. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $61.98. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.55. The company has a market cap of $5.31 billion, a PE ratio of 6.79 and a beta of 1.09.

Insider Buying and Selling

In other Matador Resources news, CEO Joseph Wm Foran purchased 1,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were purchased at an average price of $38.14 per share, for a total transaction of $38,140.00. Following the completion of the purchase, the chief executive officer directly owned 23,867 shares of the company’s stock, valued at approximately $910,287.38. This represents a 4.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Van H. Singleton II acquired 1,000 shares of Matador Resources stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of $39.46 per share, with a total value of $39,460.00. Following the completion of the acquisition, the insider directly owned 292,418 shares in the company, valued at $11,538,814.28. This trade represents a 0.34% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 37,346 shares of company stock worth $1,463,396. 5.80% of the stock is currently owned by corporate insiders.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non?operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.