Hunter Perkins Capital Management LLC Grows Stock Position in Matador Resources (NYSE:MTDR)

Hunter Perkins Capital Management LLC raised its position in Matador Resources (NYSE:MTDR) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,485 shares of the energy company’s stock after buying an additional 1,085 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Matador Resources were worth $1,659,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its position in shares of 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 purchasing an additional 207 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Matador Resources during the third quarter valued at about $37,000. Denver PWM LLC increased its position in shares of Matador Resources by 67.2% during the third quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after buying an additional 303 shares during the period. Quarry LP lifted its holdings in shares of Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after buying an additional 251 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Matador Resources by 329.0% in the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after acquiring an additional 635 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Down 1.8 %

Shares of Matador Resources stock opened at $61.07 on Monday. 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 company’s 50 day moving average price is $58.41 and its 200-day moving average price is $56.22. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of 8.09 and a beta of 3.24.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, EVP Glenn W. Stetson acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average cost of $51.33 per share, for a total transaction of $51,330.00. Following the transaction, the executive vice president now owns 85,935 shares in the company, valued at $4,411,043.55. This represents a 1.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph Wm Foran bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average price of $55.18 per share, with a total value of $110,360.00. Following the acquisition, the chief executive officer now owns 42,251 shares of the company’s stock, valued at $2,331,410.18. This represents a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 4,285 shares of company stock valued at $232,849 in the last quarter. Company insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MTDR shares. TD Cowen upped their target price on shares of Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Mizuho decreased their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. BMO Capital Markets increased their target price on Matador Resources from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Wells Fargo & Company lifted their price target on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Finally, Benchmark reiterated a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and a consensus target price of $75.14.

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.