Matador Resources (NYSE:MTDR) Shares Acquired by KBC Group NV

KBC Group NV lifted its stake in Matador Resources (NYSE:MTDR) by 45.5% in the fourth quarter, HoldingsChannel reports. The fund owned 5,023 shares of the energy company’s stock after purchasing an additional 1,570 shares during the quarter. KBC Group NV’s holdings in Matador Resources were worth $283,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its stake in Matador Resources by 68.3% during the 4th 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 in the last quarter. True Wealth Design LLC bought a new position in Matador Resources in the 3rd quarter worth approximately $37,000. Denver PWM LLC grew its position in Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock worth $37,000 after purchasing an additional 303 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Matador Resources by 329.0% during the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after buying an additional 635 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Matador Resources by 109.1% in the fourth quarter. UMB Bank n.a. now owns 945 shares of the energy company’s stock valued at $53,000 after buying an additional 493 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MTDR. Morgan Stanley initiated coverage on shares of Matador Resources in a research note on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target on the stock. JPMorgan Chase & Co. cut their price objective 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 report on Wednesday, January 15th. Truist Financial lifted their price objective on Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, KeyCorp reduced their target price on Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.14.

Matador Resources Stock Down 0.9 %

Matador Resources stock opened at $57.51 on Tuesday. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 7.62 and a beta of 3.22. The firm’s fifty day moving average price is $58.39 and its two-hundred day moving average price is $56.02. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

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.