Allspring Global Investments Holdings LLC Acquires 20,172 Shares of Matador Resources (NYSE:MTDR)

Allspring Global Investments Holdings LLC increased its holdings in shares of Matador Resources (NYSE:MTDR) by 16.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,254 shares of the energy company’s stock after buying an additional 20,172 shares during the period. Allspring Global Investments Holdings LLC owned about 0.11% of Matador Resources worth $8,088,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after acquiring an additional 207 shares during the last quarter. True Wealth Design LLC bought a new position in Matador Resources during the 3rd quarter worth $37,000. Denver PWM LLC lifted its holdings in Matador Resources by 67.2% during the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock worth $37,000 after buying an additional 303 shares during the period. Avior Wealth Management LLC increased its stake in shares of Matador Resources by 329.0% in the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after buying an additional 635 shares during the period. Finally, Covestor Ltd increased its position in shares of Matador Resources by 154.8% during the third quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock worth $52,000 after buying an additional 644 shares during the period. 91.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on MTDR shares. Mizuho lowered their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. 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 research report on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research note on Wednesday, January 15th. Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target for the company in a report on Friday, January 3rd. Finally, TD Cowen lifted their price objective on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.14.

Matador Resources Stock Performance

NYSE MTDR opened at $57.83 on Wednesday. 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 has a market capitalization of $7.22 billion, a PE ratio of 7.66 and a beta of 3.22. The company’s 50 day simple moving average is $58.27 and its two-hundred day simple moving average is $55.78. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. Analysts predict that Matador Resources will post 7.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Joseph Wm Foran bought 2,000 shares of Matador Resources stock in a transaction on Friday, December 6th. The shares were purchased at an average price of $55.18 per share, for a total transaction 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. The trade was a 4.97 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William Thomas Elsener purchased 800 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $56.60 per share, for a total transaction 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 $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. Insiders have acquired a total of 2,980 shares of company stock worth $165,988 in the last 90 days. 6.10% of the stock is owned by company insiders.

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.