Campbell Newman Asset Management Inc. Trims Stake in Matador Resources (NYSE:MTDR)

Campbell Newman Asset Management Inc. cut its stake in Matador Resources (NYSE:MTDR) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,264 shares of the energy company’s stock after selling 291 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in Matador Resources were worth $1,084,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Matador Resources by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock valued at $282,196,000 after purchasing an additional 356,506 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Matador Resources by 2.7% during the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock valued at $136,009,000 after purchasing an additional 72,077 shares in the last quarter. Clearbridge Investments LLC lifted its holdings 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 during the last quarter. Geode Capital Management LLC boosted its position in shares of Matador Resources by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock worth $99,297,000 after purchasing an additional 36,921 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Matador Resources by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company’s stock worth $70,914,000 after buying an additional 57,254 shares during the last quarter. 91.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Glenn W. Stetson bought 1,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the purchase, the executive vice president now owns 85,935 shares in the company, valued at approximately $4,411,043.55. The trade was a 1.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William Thomas Elsener purchased 800 shares of the company’s stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $56.60 per share, with a total value of $45,280.00. Following the completion of the transaction, the executive vice president now owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 4,285 shares of company stock worth $232,849 over the last quarter. 6.10% of the stock is currently owned by corporate insiders.

Matador Resources Stock Performance

MTDR stock traded up $0.18 during midday trading on Wednesday, reaching $62.91. 39,093 shares of the company’s stock traded hands, compared to its average volume of 1,028,879. 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 has a 52-week low of $47.15 and a 52-week high of $71.08. The stock has a market cap of $7.85 billion, a P/E ratio of 8.33 and a beta of 3.24. The stock’s 50-day moving average is $57.53 and its 200 day moving average is $56.03.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.78 by $0.11. The firm had revenue of $770.20 million during the quarter, compared to analyst estimates of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. Matador Resources’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 EPS. As a group, analysts anticipate that Matador Resources will post 7.49 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on MTDR shares. Mizuho cut their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a research note on Friday, January 3rd. KeyCorp decreased 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. Truist Financial increased their price objective on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their target price on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.14.

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.