Mitsubishi UFJ Trust & Banking Corp Boosts Stake in Matador Resources Company $MTDR

Mitsubishi UFJ Trust & Banking Corp increased its position in Matador Resources Company (NYSE:MTDR) by 309.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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.

Several other hedge funds also recently made changes to their positions in MTDR. MAI Capital Management lifted its position in Matador Resources by 13.9% during the second quarter. MAI Capital Management now owns 1,726 shares of the energy company’s stock valued at $82,000 after buying an additional 210 shares during the period. Beacon Pointe Advisors LLC grew its position in shares of Matador Resources by 4.3% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 5,281 shares of the energy company’s stock worth $252,000 after buying an additional 216 shares during the period. ProShare Advisors LLC increased its stake in shares of Matador Resources by 4.5% in the 2nd quarter. ProShare Advisors LLC now owns 5,163 shares of the energy company’s stock worth $246,000 after acquiring an additional 220 shares in the last quarter. Huntington National Bank increased its stake in shares of Matador Resources by 16.5% in the 2nd quarter. Huntington National Bank now owns 1,939 shares of the energy company’s stock worth $93,000 after acquiring an additional 274 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its position in Matador Resources by 5.4% during the 3rd quarter. Sivia Capital Partners LLC now owns 5,625 shares of the energy company’s stock valued at $253,000 after acquiring an additional 290 shares during the period. 91.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MTDR has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Matador Resources in a research note on Friday, January 9th. Citigroup assumed coverage on Matador Resources in a research note on Monday, December 8th. They issued a “buy” rating and a $53.00 price target on the stock. UBS Group lifted their price objective on Matador Resources from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Mizuho boosted their target price on Matador Resources from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Finally, Royal Bank Of Canada reduced their price target on Matador Resources from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.82.

Matador Resources Stock Performance

Shares of MTDR opened at $45.23 on Friday. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 7.23 and a beta of 1.09. The business’s fifty day simple moving average is $42.81 and its two-hundred day simple moving average is $44.64. Matador Resources Company has a 12 month low of $35.19 and a 12 month high of $60.43. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.55.

Insider Buying and Selling at Matador Resources

In related news, EVP Robert T. Macalik bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average price of $38.25 per share, for a total transaction of $57,375.00. Following the completion of the acquisition, the executive vice president owned 35,039 shares of the company’s stock, valued at $1,340,241.75. This trade represents a 4.47% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph Wm Foran bought 4,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were bought at an average price of $38.44 per share, with a total value of $153,760.00. Following the completion of the purchase, the chief executive officer owned 22,867 shares in the company, valued at approximately $879,007.48. The trade was a 21.20% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 19,290 shares of company stock worth $745,831. 5.80% of the stock is owned by company insiders.

Matador Resources 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.