Griffin Asset Management Inc. Has $3.25 Million Stock Position in Matador Resources (NYSE:MTDR)

Griffin Asset Management Inc. cut its stake in shares of Matador Resources (NYSE:MTDR) by 21.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,751 shares of the energy company’s stock after selling 15,828 shares during the period. Griffin Asset Management Inc.’s holdings in Matador Resources were worth $3,249,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Hunter Perkins Capital Management LLC raised its holdings in shares of Matador Resources by 3.8% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 29,485 shares of the energy company’s stock worth $1,659,000 after acquiring an additional 1,085 shares during the last quarter. KBC Group NV increased its stake in shares of Matador Resources by 45.5% in the fourth quarter. KBC Group NV now owns 5,023 shares of the energy company’s stock worth $283,000 after purchasing an additional 1,570 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Matador Resources by 33.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,528 shares of the energy company’s stock worth $592,000 after acquiring an additional 2,627 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after acquiring an additional 207 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Matador Resources by 109.1% in the fourth quarter. UMB Bank n.a. now owns 945 shares of the energy company’s stock worth $53,000 after purchasing an additional 493 shares during the last quarter. 91.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MTDR. Morgan Stanley assumed 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. dropped their target price on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a research report on Friday, January 17th. BMO Capital Markets boosted their price target on Matador Resources from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, KeyCorp decreased their target price on Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $75.14.

Matador Resources Stock Down 2.5 %

MTDR stock opened at $59.57 on Tuesday. The company’s 50-day moving average price is $58.43 and its 200 day moving average price is $56.20. The company has a market cap of $7.43 billion, a P/E ratio of 7.89 and a beta of 3.24. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

Insider Buying and Selling at Matador Resources

In related news, EVP William Thomas Elsener purchased 800 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the acquisition, the executive vice president now directly owns 102,964 shares in the company, valued at $5,827,762.40. The trade was a 0.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Wm Foran acquired 2,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was purchased at an average cost of $55.18 per share, with a total value of $110,360.00. Following the completion of the transaction, the chief executive officer now owns 42,251 shares in the company, valued at $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. In the last ninety days, insiders have bought 3,980 shares of company stock worth $217,318. Corporate insiders own 6.10% of the company’s stock.

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.