KBC Group NV Acquires 1,570 Shares of Matador Resources (NYSE:MTDR)

KBC Group NV raised its holdings in shares of Matador Resources (NYSE:MTDR) by 45.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,023 shares of the energy company’s stock after purchasing an additional 1,570 shares during the period. KBC Group NV’s holdings in Matador Resources were worth $283,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Boston Trust Walden Corp acquired a new stake in shares of Matador Resources during the third quarter worth about $51,788,000. Yaupon Capital Management LP lifted its stake in Matador Resources by 565.4% during the 3rd quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock valued at $36,770,000 after acquiring an additional 632,218 shares during the period. FMR LLC increased its stake in shares of 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 period. HITE Hedge Asset Management LLC purchased a new position in shares of Matador Resources during the third quarter worth $10,526,000. Finally, Algert Global LLC raised its holdings in shares of Matador Resources by 1,150.4% during the third quarter. Algert Global LLC now owns 149,316 shares of the energy company’s stock worth $7,379,000 after purchasing an additional 137,375 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Matador Resources Trading Down 0.9 %

NYSE:MTDR opened at $57.51 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock’s 50 day simple moving average is $58.39 and its 200-day simple moving average is $56.02. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08. The firm has a market cap of $7.18 billion, a P/E ratio of 7.62 and a beta of 3.22.

Wall Street Analyst Weigh In

Several research firms have commented on MTDR. JPMorgan Chase & Co. lowered their price objective 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. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a report on Friday, January 3rd. Wells Fargo & Company raised their price target on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Benchmark reiterated a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a research report on Friday, January 17th. Finally, Mizuho dropped their target price on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and an average price target of $75.14.

Insider Buying and Selling

In other news, CEO Joseph Wm Foran purchased 2,000 shares of the company’s stock in a transaction on Friday, December 6th. The stock was bought at an average cost of $55.18 per share, for a total transaction of $110,360.00. Following the completion of the purchase, the chief executive officer now directly owns 42,251 shares of the company’s stock, valued at $2,331,410.18. The trade was a 4.97 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP William Thomas Elsener acquired 800 shares of the business’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost 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 trade represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 2,980 shares of company stock valued at $165,988 over the last ninety days. Corporate insiders own 6.10% of the company’s stock.

Matador Resources 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.