Huntington National Bank Increases Position in Matador Resources (NYSE:MTDR)

Huntington National Bank lifted its holdings in shares of Matador Resources (NYSE:MTDRFree Report) by 11.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,112 shares of the energy company’s stock after buying an additional 216 shares during the period. Huntington National Bank’s holdings in Matador Resources were worth $126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MTDR. Raymond James Financial Services Advisors Inc. boosted its position in shares of Matador Resources by 5.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,398 shares of the energy company’s stock worth $763,000 after buying an additional 738 shares during the period. US Bancorp DE boosted its position in shares of Matador Resources by 2.1% during the first quarter. US Bancorp DE now owns 11,991 shares of the energy company’s stock worth $635,000 after buying an additional 246 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Matador Resources by 28.6% during the first quarter. PNC Financial Services Group Inc. now owns 15,155 shares of the energy company’s stock worth $804,000 after buying an additional 3,373 shares during the period. MetLife Investment Management LLC boosted its position in shares of Matador Resources by 53.9% during the first quarter. MetLife Investment Management LLC now owns 59,058 shares of the energy company’s stock worth $3,129,000 after buying an additional 20,684 shares during the period. Finally, Panagora Asset Management Inc. acquired a new position in shares of Matador Resources during the first quarter worth approximately $214,000. 87.23% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Price Performance

NYSE MTDR opened at $54.65 on Monday. The stock has a market capitalization of $6.51 billion, a P/E ratio of 7.76 and a beta of 3.32. Matador Resources has a 1 year low of $42.04 and a 1 year high of $67.71. The business’s fifty day moving average is $55.40 and its two-hundred day moving average is $58.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.94 and a current ratio of 0.98.

Insider Buying and Selling at Matador Resources

In related news, Director Timothy E. Parker purchased 5,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were bought at an average price of $52.13 per share, with a total value of $260,650.00. Following the completion of the acquisition, the director now owns 79,257 shares of the company’s stock, valued at $4,131,667.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Joseph Wm Foran purchased 2,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were bought at an average price of $54.30 per share, with a total value of $108,600.00. Following the completion of the acquisition, the chief executive officer now owns 24,637 shares of the company’s stock, valued at $1,337,789.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy E. Parker bought 5,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were purchased at an average cost of $52.13 per share, for a total transaction of $260,650.00. Following the completion of the purchase, the director now owns 79,257 shares in the company, valued at $4,131,667.41. The disclosure for this purchase can be found here. 6.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MTDR. Mizuho reduced their price objective on Matador Resources from $83.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, January 3rd. Wells Fargo & Company initiated coverage on Matador Resources in a report on Wednesday, November 15th. They set an “overweight” rating and a $73.00 target price on the stock. KeyCorp dropped their target price on Matador Resources from $76.00 to $71.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. Raymond James dropped their target price on Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, January 8th. Finally, Benchmark dropped their target price on Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average target price of $70.38.

Get Our Latest Stock Report on MTDR

About Matador Resources

(Free Report)

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.

Further Reading

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

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