Mitsubishi UFJ Trust & Banking Corp Increases Stock Holdings in Matador Resources Company $MTDR

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Matador Resources Company (NYSE:MTDR) by 309.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,010 shares of the energy company’s stock after purchasing an additional 24,195 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Matador Resources were worth $1,438,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

Several analysts have issued reports on MTDR shares. KeyCorp reissued an “overweight” rating on shares of Matador Resources in a report on Friday, December 19th. Royal Bank Of Canada cut their price objective on Matador Resources from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Raymond James Financial reissued an “outperform” rating and issued a $55.00 target price (down from $63.00) on shares of Matador Resources in a report on Monday, October 20th. Mizuho lifted their price target on shares of Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Matador Resources in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and an average price target of $57.82.

Matador Resources Trading Up 1.0%

MTDR stock opened at $45.23 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $60.43. The business has a 50 day simple moving average of $42.81 and a two-hundred day simple moving average of $44.64. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 7.23 and a beta of 1.09.

Insider Activity

In related news, EVP Robert T. Macalik acquired 1,500 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was acquired at an average price of $38.25 per share, with a total value of $57,375.00. Following the acquisition, the executive vice president directly owned 35,039 shares of the company’s stock, valued at approximately $1,340,241.75. This trade represents a 4.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joseph Wm Foran bought 4,000 shares of Matador Resources stock in a transaction dated Tuesday, November 4th. The stock was purchased at an average cost of $38.44 per share, for a total transaction of $153,760.00. Following the completion of the acquisition, the chief executive officer directly owned 22,867 shares of the company’s stock, valued at approximately $879,007.48. The trade was a 21.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 19,290 shares of company stock valued at $745,831 in the last quarter. Company insiders own 5.80% of the company’s stock.

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.