Matador Resources Co (MTDR) Stake Raised by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its holdings in shares of Matador Resources Co (NYSE:MTDR) by 17.5% in the 4th quarter, Holdings Channel reports. The firm owned 24,587 shares of the energy company’s stock after buying an additional 3,669 shares during the period. Oppenheimer & Co. Inc.’s holdings in Matador Resources were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. New York State Teachers Retirement System lifted its holdings in Matador Resources by 1.5% during the 4th quarter. New York State Teachers Retirement System now owns 44,252 shares of the energy company’s stock valued at $687,000 after purchasing an additional 652 shares during the last quarter. Arizona State Retirement System lifted its holdings in Matador Resources by 1.1% during the 4th quarter. Arizona State Retirement System now owns 74,313 shares of the energy company’s stock valued at $1,154,000 after purchasing an additional 777 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Matador Resources by 64.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,550 shares of the energy company’s stock valued at $40,000 after purchasing an additional 1,000 shares during the last quarter. Central Bank & Trust Co. lifted its holdings in Matador Resources by 2.1% during the 3rd quarter. Central Bank & Trust Co. now owns 73,170 shares of the energy company’s stock valued at $2,418,000 after purchasing an additional 1,500 shares during the last quarter. Finally, AMI Asset Management Corp lifted its holdings in Matador Resources by 1.2% during the 4th quarter. AMI Asset Management Corp now owns 133,347 shares of the energy company’s stock valued at $2,071,000 after purchasing an additional 1,573 shares during the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.

MTDR opened at $17.26 on Monday. Matador Resources Co has a fifty-two week low of $13.97 and a fifty-two week high of $35.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.69 and a quick ratio of 0.63. The firm has a market cap of $2.01 billion, a PE ratio of 23.97, a PEG ratio of 0.61 and a beta of 2.00.



In related news, Director Kenneth L. Stewart purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were bought at an average price of $24.40 per share, for a total transaction of $244,000.00. Following the completion of the transaction, the director now owns 32,532 shares of the company’s stock, valued at $793,780.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reynald Baribault purchased 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The stock was bought at an average price of $17.47 per share, for a total transaction of $26,205.00. Following the transaction, the director now directly owns 26,659 shares of the company’s stock, valued at approximately $465,732.73. The disclosure for this purchase can be found here. Insiders have bought 33,005 shares of company stock valued at $758,302 in the last three months. Insiders own 11.10% of the company’s stock.

Several brokerages have issued reports on MTDR. Oppenheimer reaffirmed a “buy” rating on shares of Matador Resources in a report on Tuesday, October 16th. Zacks Investment Research raised Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Monday, October 22nd. Wells Fargo & Co cut their price target on Matador Resources from $43.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, October 23rd. ValuEngine downgraded Matador Resources from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, TheStreet downgraded Matador Resources from a “b-” rating to a “c+” rating in a report on Tuesday, November 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $34.50.

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

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