UMB Bank n.a. Raises Position in Matador Resources (NYSE:MTDR)

UMB Bank n.a. lifted its stake in shares of Matador Resources (NYSE:MTDR) by 109.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 945 shares of the energy company’s stock after acquiring an additional 493 shares during the quarter. UMB Bank n.a.’s holdings in Matador Resources were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MTDR shares. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a research report on Friday, January 3rd. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a research report on Friday, January 17th. Morgan Stanley initiated coverage on Matador Resources in a research report on Friday, January 10th. They set an “equal weight” rating and a $78.00 target price on the stock. Mizuho lowered their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Finally, KeyCorp cut their price objective on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.14.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran bought 2,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $55.18 per share, with a total value of $110,360.00. Following the purchase, the chief executive officer now owns 42,251 shares in the company, valued at approximately $2,331,410.18. This 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 purchased 800 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the purchase, 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. Over the last 90 days, insiders have purchased 4,285 shares of company stock valued at $232,849. Company insiders own 6.10% of the company’s stock.

Matador Resources Trading Down 1.8 %

NYSE MTDR opened at $61.07 on Friday. The firm’s fifty day moving average is $58.41 and its two-hundred day moving average is $56.26. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. The firm has a market cap of $7.62 billion, a PE ratio of 8.09 and a beta of 3.24.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The firm had revenue of $770.20 million for the quarter, compared to analysts’ expectations of $836.69 million. During the same quarter in the previous year, the firm posted $1.86 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts expect that Matador Resources will post 7.39 earnings per share for the current year.

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.