Oak Ridge Investments LLC Has $3.10 Million Stock Holdings in Matador Resources (NYSE:MTDR)

Oak Ridge Investments LLC trimmed its stake in Matador Resources (NYSE:MTDR) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,173 shares of the energy company’s stock after selling 2,181 shares during the quarter. Oak Ridge Investments LLC’s holdings in Matador Resources were worth $3,104,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. True Wealth Design LLC bought a new position in shares of Matador Resources in the third quarter valued at $37,000. Denver PWM LLC grew its position in shares of Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after acquiring an additional 303 shares during the period. Avior Wealth Management LLC grew its position in shares of Matador Resources by 329.0% in the 3rd 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 during the period. Quarry LP increased its stake in shares of Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after purchasing an additional 251 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Matador Resources by 154.8% in the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock valued at $52,000 after purchasing an additional 644 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insiders Place Their Bets

In other Matador Resources news, EVP William Thomas Elsener bought 800 shares of the business’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the purchase, the executive vice president now directly owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joseph Wm Foran purchased 2,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was acquired at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the purchase, the chief executive officer now owns 42,251 shares in the company, valued at approximately $2,331,410.18. The trade was a 4.97 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 4,285 shares of company stock worth $232,849 over the last ninety days. Corporate insiders own 6.10% of the company’s stock.

Matador Resources Trading Up 0.7 %

Shares of MTDR stock opened at $63.83 on Friday. The stock has a market cap of $7.96 billion, a P/E ratio of 8.45 and a beta of 3.24. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock has a 50 day simple moving average of $57.94 and a 200 day simple moving average of $56.13.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The firm had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. During the same period in the prior year, the company posted $1.86 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. On average, research analysts predict that Matador Resources will post 7.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on MTDR. Morgan Stanley initiated coverage on Matador Resources in a research report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target on the stock. Wells Fargo & Company increased their price target on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. BMO Capital Markets lifted their price objective on shares of Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. TD Cowen increased their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.