Matador Resources Company $MTDR Shares Sold by Peterson Wealth Services

Peterson Wealth Services reduced its position in Matador Resources Company (NYSE:MTDR) by 81.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,840 shares of the energy company’s stock after selling 50,314 shares during the quarter. Peterson Wealth Services’ holdings in Matador Resources were worth $532,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of MTDR. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Matador Resources by 143.1% in the second quarter. Adage Capital Partners GP L.L.C. now owns 2,556,472 shares of the energy company’s stock valued at $121,995,000 after acquiring an additional 1,505,000 shares in the last quarter. LSV Asset Management lifted its position in Matador Resources by 45.7% in the second quarter. LSV Asset Management now owns 3,334,775 shares of the energy company’s stock valued at $159,135,000 after purchasing an additional 1,045,396 shares during the period. Encompass Capital Advisors LLC purchased a new stake in Matador Resources in the 2nd quarter valued at approximately $37,194,000. Vaughan Nelson Investment Management L.P. increased its position in Matador Resources by 64.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,100,805 shares of the energy company’s stock worth $49,459,000 after purchasing an additional 431,010 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in Matador Resources by 488.5% during the 2nd quarter. Balyasny Asset Management L.P. now owns 477,218 shares of the energy company’s stock worth $22,773,000 after purchasing an additional 396,129 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Insider Activity

In related news, CEO Joseph Wm Foran purchased 1,000 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was bought at an average price of $38.14 per share, with a total value of $38,140.00. Following the completion of the transaction, the chief executive officer owned 23,867 shares of the company’s stock, valued at approximately $910,287.38. This represents a 4.37% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shelley F. Appel purchased 1,389 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was bought at an average cost of $38.01 per share, with a total value of $52,795.89. Following the completion of the acquisition, the director owned 5,084 shares of the company’s stock, valued at approximately $193,242.84. The trade was a 37.59% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 5,880 shares of company stock worth $223,398 over the last ninety days. 5.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Raymond James Financial reissued an “outperform” rating and issued a $55.00 price target (down from $63.00) on shares of Matador Resources in a report on Monday, October 20th. UBS Group raised their target price on Matador Resources from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, December 12th. KeyCorp reaffirmed an “overweight” rating on shares of Matador Resources in a research note on Friday, December 19th. BMO Capital Markets reiterated an “outperform” rating on shares of Matador Resources in a report on Thursday, December 18th. Finally, Morgan Stanley decreased their price objective on shares of Matador Resources from $56.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average price target of $57.82.

Matador Resources Price Performance

Matador Resources stock opened at $43.66 on Tuesday. The firm has a market capitalization of $5.43 billion, a PE ratio of 6.97 and a beta of 1.14. Matador Resources Company has a 52 week low of $35.19 and a 52 week high of $60.43. The firm’s 50-day simple moving average is $42.85 and its 200 day simple moving average is $44.50. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 0.55.

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.