SG Americas Securities LLC Cuts Stock Position in Matador Resources (NYSE:MTDR)

SG Americas Securities LLC trimmed its holdings in shares of Matador Resources (NYSE:MTDR) by 34.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,720 shares of the energy company’s stock after selling 1,951 shares during the period. SG Americas Securities LLC’s holdings in Matador Resources were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MTDR. GAMMA Investing LLC grew its stake in shares of Matador Resources by 28.7% in the third quarter. GAMMA Investing LLC now owns 1,403 shares of the energy company’s stock valued at $69,000 after buying an additional 313 shares in the last quarter. CWM LLC boosted its holdings in Matador Resources by 231.0% in the 3rd quarter. CWM LLC now owns 12,807 shares of the energy company’s stock worth $633,000 after acquiring an additional 8,938 shares during the period. NBC Securities Inc. grew its position in Matador Resources by 18.9% in the third quarter. NBC Securities Inc. now owns 7,449 shares of the energy company’s stock valued at $368,000 after acquiring an additional 1,186 shares in the last quarter. Hunter Perkins Capital Management LLC raised its stake in shares of Matador Resources by 21.9% during the third quarter. Hunter Perkins Capital Management LLC now owns 28,400 shares of the energy company’s stock valued at $1,404,000 after purchasing an additional 5,095 shares during the period. Finally, nVerses Capital LLC lifted its position in shares of Matador Resources by 8,600.0% during the third quarter. nVerses Capital LLC now owns 8,700 shares of the energy company’s stock worth $430,000 after purchasing an additional 8,600 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Stephens raised their price target on shares of Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. dropped their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. TD Cowen increased their price target on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a report on Wednesday, January 15th. Finally, Morgan Stanley started coverage on Matador Resources in a research note on Friday, January 10th. They set an “equal weight” rating and a $78.00 target price for the company. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and an average target price of $75.14.

Matador Resources Trading Up 0.4 %

Matador Resources stock opened at $56.68 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The firm’s 50-day moving average is $58.22 and its 200-day moving average is $55.95. The company has a market cap of $7.07 billion, a P/E ratio of 7.51 and a beta of 3.22.

Insider Buying and Selling at Matador Resources

In related news, EVP William Thomas Elsener bought 800 shares of the company’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $56.60 per share, with a total value of $45,280.00. Following the completion of the transaction, the executive vice president now directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joseph Wm Foran purchased 2,000 shares of Matador Resources stock in a transaction dated Friday, December 6th. The shares were purchased at an average cost of $55.18 per share, with a total value of $110,360.00. Following the acquisition, the chief executive officer now owns 42,251 shares of the company’s stock, valued at approximately $2,331,410.18. This trade represents a 4.97 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 2,980 shares of company stock worth $165,988 over the last ninety days. Company insiders own 6.10% of the company’s stock.

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.