Matador Resources (NYSE:MTDR) Shares Purchased by Spring Capital Management LLC

Spring Capital Management LLC grew its position in shares of Matador Resources (NYSE:MTDR) by 89.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,827 shares of the energy company’s stock after acquiring an additional 24,000 shares during the quarter. Matador Resources comprises about 1.7% of Spring Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding. Spring Capital Management LLC’s holdings in Matador Resources were worth $2,860,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Boston Trust Walden Corp acquired a new stake in Matador Resources in the 3rd quarter valued at approximately $51,788,000. Yaupon Capital Management LP grew its stake in shares of Matador Resources by 565.4% in the third quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock worth $36,770,000 after purchasing an additional 632,218 shares in the last quarter. FMR LLC increased its holdings in shares of Matador Resources by 162.9% during the third quarter. FMR LLC now owns 478,795 shares of the energy company’s stock valued at $23,662,000 after purchasing an additional 296,663 shares during the period. Clearbridge Investments LLC raised its stake in shares of Matador Resources by 10.5% during the second quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock valued at $134,102,000 after purchasing an additional 214,334 shares in the last quarter. Finally, HITE Hedge Asset Management LLC acquired a new stake in Matador Resources in the third quarter worth about $10,526,000. Institutional investors own 91.98% of the company’s stock.

Insider Activity

In other news, EVP William Thomas Elsener purchased 800 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price 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. This represents a 0.78 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Glenn W. Stetson acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the acquisition, the executive vice president now directly owns 85,935 shares of the company’s stock, valued at $4,411,043.55. The trade was a 1.18 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 4,285 shares of company stock worth $232,849 in the last ninety days. Corporate insiders own 6.10% of the company’s stock.

Matador Resources Trading Up 0.7 %

NYSE:MTDR opened at $63.83 on Friday. The stock has a market cap of $7.96 billion, a PE ratio of 8.45 and a beta of 3.24. Matador Resources has a fifty-two week low of $47.15 and a fifty-two week high of $71.08. 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 stock’s 50-day moving average is $57.94 and its two-hundred day moving average is $56.16.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. During the same period in the previous year, the firm posted $1.86 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts forecast that Matador Resources will post 7.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MTDR has been the topic of a number of recent analyst reports. TD Cowen boosted their price target on shares of Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Stephens upped their target price on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. KeyCorp lowered their price target on Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and a consensus price target of $75.14.

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.