Keybank National Association OH Acquires 3,315 Shares of Matador Resources (NYSE:MTDR)

Keybank National Association OH increased its holdings in Matador Resources (NYSE:MTDRFree Report) by 37.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,097 shares of the energy company’s stock after buying an additional 3,315 shares during the quarter. Keybank National Association OH’s holdings in Matador Resources were worth $720,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Great Lakes Advisors LLC grew its stake in Matador Resources by 1.4% in the 3rd quarter. Great Lakes Advisors LLC now owns 13,851 shares of the energy company’s stock valued at $824,000 after acquiring an additional 196 shares during the period. Metropolitan Life Insurance Co NY raised its holdings in shares of Matador Resources by 2.9% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,910 shares of the energy company’s stock worth $396,000 after acquiring an additional 197 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Matador Resources by 3.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,964 shares of the energy company’s stock worth $414,000 after acquiring an additional 201 shares during the period. Fifth Third Bancorp raised its holdings in shares of Matador Resources by 18.3% during the 3rd quarter. Fifth Third Bancorp now owns 1,416 shares of the energy company’s stock worth $84,000 after acquiring an additional 219 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Matador Resources by 46.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock worth $42,000 after acquiring an additional 242 shares during the period. Institutional investors and hedge funds own 87.23% of the company’s stock.

Analysts Set New Price Targets

MTDR has been the topic of several research analyst reports. Wells Fargo & Company initiated coverage on shares of Matador Resources in a report on Wednesday, November 15th. They issued an “overweight” rating and a $73.00 price objective on the stock. KeyCorp reduced their price objective on shares of Matador Resources from $76.00 to $71.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. Raymond James reduced their price objective on shares of Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, January 8th. Benchmark reduced their price objective on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Finally, StockNews.com lowered shares of Matador Resources from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.38.

Check Out Our Latest Stock Report on Matador Resources

Insider Transactions at Matador Resources

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

Matador Resources Stock Performance

NYSE MTDR opened at $53.74 on Wednesday. The company has a market cap of $6.40 billion, a P/E ratio of 7.63 and a beta of 3.32. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.94. The stock has a 50-day moving average of $55.59 and a two-hundred day moving average of $58.24. Matador Resources has a 1-year low of $42.04 and a 1-year high of $67.71.

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.

Further Reading

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

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