Clear Harbor Asset Management LLC increased its stake in shares of Matador Resources Co (NYSE:MTDR) by 22.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,545 shares of the energy company’s stock after buying an additional 27,069 shares during the quarter. Clear Harbor Asset Management LLC owned about 0.14% of Matador Resources worth $4,562,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its position in Matador Resources by 164.4% in the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock valued at $119,000 after purchasing an additional 2,727 shares during the period. Fortaleza Asset Management Inc. acquired a new stake in Matador Resources in the third quarter valued at about $167,000. Strs Ohio lifted its position in Matador Resources by 125.9% in the fourth quarter. Strs Ohio now owns 6,100 shares of the energy company’s stock valued at $189,000 after purchasing an additional 3,400 shares during the period. Creative Planning acquired a new stake in Matador Resources in the fourth quarter valued at about $201,000. Finally, Teacher Retirement System of Texas acquired a new stake in Matador Resources in the third quarter valued at about $202,000. 85.90% of the stock is currently owned by hedge funds and other institutional investors.
Matador Resources Co (NYSE MTDR) opened at $29.57 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 0.60. Matador Resources Co has a 12-month low of $20.13 and a 12-month high of $33.96. The stock has a market capitalization of $3,210.00, a P/E ratio of 15.01, a P/E/G ratio of 0.68 and a beta of 1.20.
In related news, Director David M. Posner acquired 1,035 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average cost of $28.92 per share, for a total transaction of $29,932.20. Following the transaction, the director now directly owns 6,274 shares of the company’s stock, valued at approximately $181,444.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 11.90% of the company’s stock.
A number of equities research analysts recently commented on MTDR shares. Royal Bank of Canada raised their price objective on shares of Matador Resources from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Northland Securities set a $33.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research report on Monday, December 11th. SunTrust Banks restated a “buy” rating and issued a $32.00 price objective on shares of Matador Resources in a research report on Friday, November 10th. Imperial Capital lifted their price target on shares of Matador Resources from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research upgraded shares of Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Friday, January 19th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Matador Resources currently has a consensus rating of “Buy” and a consensus price target of $31.81.
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Matador Resources Company Profile
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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