Matador Resources Company $MTDR Shares Purchased by Heartland Advisors Inc.

Heartland Advisors Inc. increased its holdings in shares of Matador Resources Company (NYSE:MTDR) by 11.3% during the third quarter, HoldingsChannel.com reports. The fund owned 170,788 shares of the energy company’s stock after buying an additional 17,328 shares during the period. Heartland Advisors Inc.’s holdings in Matador Resources were worth $7,674,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MAI Capital Management raised its stake in Matador Resources by 13.9% during the second quarter. MAI Capital Management now owns 1,726 shares of the energy company’s stock worth $82,000 after purchasing an additional 210 shares during the period. Beacon Pointe Advisors LLC grew its stake in shares of Matador Resources by 4.3% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 5,281 shares of the energy company’s stock valued at $252,000 after buying an additional 216 shares during the period. ProShare Advisors LLC increased its holdings in shares of Matador Resources by 4.5% during the 2nd quarter. ProShare Advisors LLC now owns 5,163 shares of the energy company’s stock worth $246,000 after buying an additional 220 shares during the last quarter. Huntington National Bank increased its holdings in shares of Matador Resources by 16.5% during the 2nd quarter. Huntington National Bank now owns 1,939 shares of the energy company’s stock worth $93,000 after buying an additional 274 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its position in shares of Matador Resources by 5.4% during the 3rd quarter. Sivia Capital Partners LLC now owns 5,625 shares of the energy company’s stock valued at $253,000 after buying an additional 290 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MTDR shares. BMO Capital Markets reiterated an “outperform” rating on shares of Matador Resources in a research report on Thursday, December 18th. UBS Group increased their price target on Matador Resources from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Mizuho upped their target price on shares of Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Wells Fargo & Company lowered shares of Matador Resources from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $61.00 to $47.00 in a research note on Tuesday, January 27th. Finally, KeyCorp reissued an “overweight” rating on shares of Matador Resources in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $57.82.

Matador Resources Stock Up 2.1%

Shares of MTDR opened at $47.82 on Tuesday. The company’s 50-day simple moving average is $43.62 and its 200-day simple moving average is $44.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $59.22. The stock has a market capitalization of $5.94 billion, a PE ratio of 7.64 and a beta of 1.14.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.