James Investment Research Inc. Purchases 3,226 Shares of Matador Resources (NYSE:MTDR)

James Investment Research Inc. increased its position in shares of Matador Resources (NYSE:MTDR) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,985 shares of the energy company’s stock after acquiring an additional 3,226 shares during the period. James Investment Research Inc.’s holdings in Matador Resources were worth $3,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in MTDR. MassMutual Private Wealth & Trust FSB raised its stake in shares of Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after acquiring an additional 207 shares during the last quarter. True Wealth Design LLC purchased a new stake in Matador Resources during the 3rd quarter valued at $37,000. Denver PWM LLC boosted its stake in 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 purchasing an additional 303 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Matador Resources by 329.0% in the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after buying an additional 635 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Matador Resources by 154.8% in the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock worth $52,000 after buying an additional 644 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Matador Resources Price Performance

Shares of MTDR opened at $57.21 on Friday. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The firm’s fifty day simple moving average is $58.22 and its 200-day simple moving average is $55.81. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 7.58 and a beta of 3.22. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

Wall Street Analysts Forecast Growth

MTDR has been the topic of a number of recent research reports. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Friday, January 3rd. Truist Financial lifted their price target on Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. dropped their price target on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. Finally, Benchmark reaffirmed a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research note on Friday, January 17th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.14.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran acquired 2,000 shares of the stock in a transaction on Friday, December 6th. The shares were bought at an average cost of $55.18 per share, with a total value of $110,360.00. Following the transaction, the chief executive officer now owns 42,251 shares of the company’s stock, valued at approximately $2,331,410.18. This trade represents a 4.97 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William Thomas Elsener bought 800 shares of the stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the acquisition, the executive vice president now owns 102,964 shares of the company’s stock, valued at approximately $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. In the last three months, insiders have bought 2,980 shares of company stock worth $165,988. 6.10% of the stock is currently owned by corporate insiders.

About Matador Resources

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.