Boston Trust Walden Corp Buys 21,449 Shares of Matador Resources (NYSE:MTDR)

Boston Trust Walden Corp lifted its position in Matador Resources (NYSE:MTDR) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,069,360 shares of the energy company’s stock after purchasing an additional 21,449 shares during the period. Boston Trust Walden Corp owned about 0.86% of Matador Resources worth $60,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the business. MassMutual Private Wealth & Trust FSB boosted its position in shares of Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after acquiring an additional 207 shares during the last quarter. True Wealth Design LLC purchased a new stake in Matador Resources in the third quarter worth $37,000. Denver PWM LLC lifted its holdings in Matador Resources by 67.2% during the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after buying an additional 303 shares in the last quarter. Quarry LP raised its position in Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after purchasing an additional 251 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Matador Resources by 329.0% in the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after acquiring an additional 635 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. TD Cowen raised their price objective on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Benchmark reaffirmed a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a report on Wednesday, January 15th. JPMorgan Chase & Co. cut their price objective on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Stephens boosted their price objective on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.14.

Insider Activity at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran bought 2,000 shares of the stock in a transaction on Friday, December 6th. The stock was purchased at an average price of $55.18 per share, with a total value of $110,360.00. Following the acquisition, the chief executive officer now owns 42,251 shares of the company’s stock, valued at approximately $2,331,410.18. The trade was a 4.97 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William Thomas Elsener acquired 800 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $56.60 per share, with a total value of $45,280.00. Following the transaction, the executive vice president now owns 102,964 shares in the company, valued at $5,827,762.40. This represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 2,980 shares of company stock worth $165,988. 6.10% of the stock is owned by insiders.

Matador Resources Price Performance

NYSE MTDR opened at $57.98 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. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08. The company has a 50 day simple moving average of $58.42 and a 200-day simple moving average of $56.07. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 7.68 and a beta of 3.22.

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 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.