First National Bank of Omaha grew its stake in Matador Resources Co (NYSE:MTDR) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,112 shares of the energy company’s stock after acquiring an additional 665 shares during the period. First National Bank of Omaha owned 0.07% of Matador Resources worth $1,258,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Matador Resources by 4.6% during the second quarter. Vanguard Group Inc. now owns 10,308,531 shares of the energy company’s stock worth $204,934,000 after purchasing an additional 451,000 shares during the period. Silvercrest Asset Management Group LLC grew its holdings in Matador Resources by 2.4% during the second quarter. Silvercrest Asset Management Group LLC now owns 4,803,496 shares of the energy company’s stock worth $95,494,000 after purchasing an additional 114,100 shares during the period. Invesco Ltd. grew its holdings in Matador Resources by 236.5% during the second quarter. Invesco Ltd. now owns 3,362,728 shares of the energy company’s stock worth $66,850,000 after purchasing an additional 2,363,259 shares during the period. Nuveen Asset Management LLC grew its holdings in Matador Resources by 6,195.1% during the second quarter. Nuveen Asset Management LLC now owns 3,321,049 shares of the energy company’s stock worth $66,022,000 after purchasing an additional 3,268,293 shares during the period. Finally, Earnest Partners LLC bought a new position in Matador Resources during the second quarter worth about $64,808,000. Institutional investors own 95.15% of the company’s stock.
Shares of MTDR stock opened at $15.25 on Friday. The firm has a 50 day moving average price of $14.87 and a two-hundred day moving average price of $16.93. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $1.73 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 2.10 and a beta of 1.99. Matador Resources Co has a 12-month low of $12.16 and a 12-month high of $26.94.
In other Matador Resources news, COO Craig N. Adams purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of $14.11 per share, for a total transaction of $28,220.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Joseph Wm Foran purchased 8,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average price of $14.14 per share, with a total value of $113,120.00. The disclosure for this purchase can be found here. Insiders have acquired 13,584 shares of company stock valued at $191,301 over the last 90 days. Company insiders own 6.90% of the company’s stock.
A number of equities analysts recently commented on the company. Williams Capital reiterated a “buy” rating and set a $26.00 price target on shares of Matador Resources in a report on Wednesday, October 30th. Stephens upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $22.00 to $24.00 in a report on Tuesday, July 23rd. ValuEngine upgraded Matador Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Stifel Nicolaus set a $22.00 price target on Matador Resources and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Northland Securities reiterated a “buy” rating and set a $22.00 price target on shares of Matador Resources in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. Matador Resources currently has an average rating of “Buy” and a consensus price target of $26.25.
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 in 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.
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