Hodges Capital Management Inc. Sells 915 Shares of Matador Resources (NYSE:MTDR)

Hodges Capital Management Inc. lessened its stake in shares of Matador Resources (NYSE:MTDR) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 883,847 shares of the energy company’s stock after selling 915 shares during the quarter. Matador Resources makes up approximately 3.0% of Hodges Capital Management Inc.’s holdings, making the stock its 2nd largest holding. Hodges Capital Management Inc. owned 0.71% of Matador Resources worth $49,725,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes 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 during the period. ClearAlpha Technologies LP boosted its stake in Matador Resources by 4.3% in the 3rd quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock worth $259,000 after buying an additional 218 shares during the last quarter. Quarry LP grew its holdings in Matador Resources by 47.5% in the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after buying an additional 251 shares during the period. Greenleaf Trust increased its stake in shares of Matador Resources by 3.8% during the 3rd quarter. Greenleaf Trust now owns 7,086 shares of the energy company’s stock valued at $350,000 after acquiring an additional 260 shares during the last quarter. Finally, Denver PWM LLC increased its stake in shares of Matador Resources by 67.2% during the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after acquiring an additional 303 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. Wells Fargo & Company boosted their price objective on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Morgan Stanley began coverage on Matador Resources in a report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price objective for the company. Benchmark reiterated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Friday, January 17th. Finally, KeyCorp dropped their price target on Matador Resources from $76.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.14.

Matador Resources Stock Performance

Shares of MTDR stock opened at $57.98 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. The company’s fifty day moving average price is $58.42 and its two-hundred day moving average price is $56.07. The firm has a market capitalization of $7.23 billion, a P/E ratio of 7.68 and a beta of 3.22. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran acquired 2,000 shares of the stock in a transaction on Friday, December 6th. The stock was purchased at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the purchase, the chief executive officer now directly owns 42,251 shares in the company, valued at $2,331,410.18. This trade represents a 4.97 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William Thomas Elsener bought 800 shares of the business’s stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the transaction, the executive vice president now owns 102,964 shares in the company, valued at $5,827,762.40. This represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,980 shares of company stock valued at $165,988. 6.10% of the stock is currently owned by insiders.

Matador Resources 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.