Matador Resources Company $MTDR Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in Matador Resources Company (NYSE:MTDR) by 41.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,787 shares of the energy company’s stock after purchasing an additional 20,122 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.06% of Matador Resources worth $3,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Matador Resources by 309.6% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 32,010 shares of the energy company’s stock worth $1,438,000 after acquiring an additional 24,195 shares during the period. Strs Ohio boosted its position in shares of Matador Resources by 21.1% during the 3rd quarter. Strs Ohio now owns 56,892 shares of the energy company’s stock worth $2,556,000 after purchasing an additional 9,901 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Matador Resources by 11.5% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 197,846 shares of the energy company’s stock worth $8,889,000 after purchasing an additional 20,449 shares during the period. Quantum Portfolio Management LLC increased its holdings in shares of Matador Resources by 34.5% in the 3rd quarter. Quantum Portfolio Management LLC now owns 15,405 shares of the energy company’s stock valued at $692,000 after purchasing an additional 3,951 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Matador Resources by 44.1% during the third quarter. Sequoia Financial Advisors LLC now owns 21,387 shares of the energy company’s stock worth $961,000 after buying an additional 6,549 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Trading Down 0.4%

Shares of Matador Resources stock opened at $42.76 on Tuesday. The business’s fifty day moving average is $42.53 and its two-hundred day moving average is $44.75. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $61.98. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 0.55. The firm 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 related news, COO Christopher P. Calvert bought 2,500 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $39.44 per share, with a total value of $98,600.00. Following the transaction, the chief operating officer owned 40,000 shares of the company’s stock, valued at approximately $1,577,600. This trade represents a 6.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Robert T. Macalik acquired 1,500 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were purchased at an average price of $38.25 per share, for a total transaction of $57,375.00. Following the purchase, the executive vice president directly owned 35,039 shares of the company’s stock, valued at $1,340,241.75. This represents a 4.47% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 37,346 shares of company stock worth $1,463,396 over the last 90 days. 5.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MTDR has been the subject of several research reports. Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 price objective (down from $63.00) on shares of Matador Resources in a report on Monday, October 20th. KeyCorp reissued an “overweight” rating on shares of Matador Resources in a research note on Friday, December 19th. BMO Capital Markets restated an “outperform” rating on shares of Matador Resources in a research report on Thursday, December 18th. Wells Fargo & Company downgraded shares of 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. Finally, Royal Bank Of Canada dropped their price objective on shares of Matador Resources from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $57.82.

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.