Swiss National Bank Purchases 2,600 Shares of Matador Resources (NYSE:MTDR)

Swiss National Bank raised its position in shares of Matador Resources (NYSE:MTDRFree Report) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,902 shares of the energy company’s stock after buying an additional 2,600 shares during the quarter. Swiss National Bank’s holdings in Matador Resources were worth $14,805,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Matador Resources by 2.7% during the 2nd quarter. BlackRock Inc. now owns 13,783,424 shares of the energy company’s stock valued at $721,149,000 after buying an additional 366,773 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Matador Resources by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 12,422,915 shares of the energy company’s stock worth $658,165,000 after purchasing an additional 567,557 shares during the period. State Street Corp boosted its holdings in shares of Matador Resources by 7.0% in the 1st quarter. State Street Corp now owns 5,777,669 shares of the energy company’s stock worth $306,101,000 after purchasing an additional 377,853 shares during the period. Invesco Ltd. boosted its holdings in shares of Matador Resources by 82.9% in the 1st quarter. Invesco Ltd. now owns 4,367,715 shares of the energy company’s stock worth $231,403,000 after purchasing an additional 1,979,904 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Matador Resources by 3.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,326,071 shares of the energy company’s stock worth $201,552,000 after purchasing an additional 135,179 shares during the period. Hedge funds and other institutional investors own 87.23% of the company’s stock.

Matador Resources Price Performance

Shares of MTDR stock opened at $54.65 on Monday. Matador Resources has a twelve month low of $42.04 and a twelve month high of $67.71. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 7.76 and a beta of 3.32. The stock has a fifty day simple moving average of $55.40 and a two-hundred day simple moving average of $58.23. The company has a current ratio of 0.98, a quick ratio of 0.94 and a debt-to-equity ratio of 0.56.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Mizuho dropped their target price on Matador Resources from $83.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday, January 3rd. Wells Fargo & Company assumed coverage on Matador Resources in a report on Wednesday, November 15th. They issued an “overweight” rating and a $73.00 target price for the company. KeyCorp dropped their target price on Matador Resources from $76.00 to $71.00 and set an “overweight” rating for the company in a report on Thursday, January 11th. Benchmark dropped their target price on Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Finally, Raymond James cut their price objective on Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Matador Resources currently has an average rating of “Moderate Buy” and an average target price of $70.38.

View Our Latest Stock Analysis on MTDR

Insiders Place Their Bets

In other news, CEO Joseph Wm Foran bought 2,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was acquired at an average cost of $54.30 per share, for a total transaction of $108,600.00. Following the acquisition, the chief executive officer now owns 24,637 shares of the company’s stock, valued at $1,337,789.10. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Timothy E. Parker acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was purchased at an average cost of $52.13 per share, for a total transaction of $260,650.00. Following the purchase, the director now directly owns 79,257 shares of the company’s stock, valued at approximately $4,131,667.41. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph Wm Foran acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were bought at an average price of $54.30 per share, with a total value of $108,600.00. Following the completion of the purchase, the chief executive officer now directly owns 24,637 shares in the company, valued at $1,337,789.10. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Matador Resources Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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