Hunter Perkins Capital Management LLC Purchases 1,085 Shares of Matador Resources (NYSE:MTDR)

Hunter Perkins Capital Management LLC grew its holdings in shares of Matador Resources (NYSE:MTDR) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,485 shares of the energy company’s stock after buying an additional 1,085 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Matador Resources were worth $1,659,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MTDR. MassMutual Private Wealth & Trust FSB boosted its stake in Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after purchasing an additional 207 shares in the last quarter. ClearAlpha Technologies LP lifted its stake in shares of Matador Resources by 4.3% in the third quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock worth $259,000 after buying an additional 218 shares in the last quarter. Quarry LP grew its holdings in shares of Matador Resources by 47.5% during the second quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after buying an additional 251 shares during the last quarter. Greenleaf Trust increased its position in shares of Matador Resources by 3.8% during the third quarter. Greenleaf Trust now owns 7,086 shares of the energy company’s stock valued at $350,000 after acquiring an additional 260 shares in the last quarter. Finally, Denver PWM LLC raised its holdings in Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock worth $37,000 after acquiring an additional 303 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Matador Resources

In other news, EVP Glenn W. Stetson acquired 1,000 shares of Matador Resources stock in a transaction on Wednesday, October 30th. The shares were acquired at an average price of $51.33 per share, with a total value of $51,330.00. Following the purchase, the executive vice president now directly owns 85,935 shares in the company, valued at $4,411,043.55. The trade was a 1.18 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William Thomas Elsener bought 800 shares of the stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $56.60 per share, with a total value of $45,280.00. Following the completion of the transaction, the executive vice president now directly owns 102,964 shares in the company, valued at approximately $5,827,762.40. The trade was a 0.78 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 4,285 shares of company stock worth $232,849. Insiders own 6.10% of the company’s stock.

Matador Resources Trading Down 1.8 %

Matador Resources stock opened at $61.07 on Monday. 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 firm’s 50 day moving average price is $58.41 and its 200-day moving average price is $56.22. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The stock has a market cap of $7.62 billion, a P/E ratio of 8.09 and a beta of 3.24.

Analysts Set New Price Targets

Several analysts have commented on MTDR shares. Wells Fargo & Company increased their target price on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. Mizuho dropped their price target 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. 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. Finally, Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target for the company in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $75.14.

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.