Massachusetts Financial Services Co. MA Sells 19,772 Shares of Matador Resources Company $MTDR

Massachusetts Financial Services Co. MA reduced its stake in shares of Matador Resources Company (NYSE:MTDR) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,207,355 shares of the energy company’s stock after selling 19,772 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.97% of Matador Resources worth $54,246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of Matador Resources by 1,104.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock valued at $103,000 after buying an additional 1,845 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Matador Resources by 361.3% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after acquiring an additional 690 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Matador Resources in the second quarter valued at approximately $255,000. Wealth Enhancement Advisory Services LLC grew its holdings in Matador Resources by 129.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 30,920 shares of the energy company’s stock worth $1,561,000 after purchasing an additional 17,471 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Matador Resources by 320.7% in the second quarter. UMB Bank n.a. now owns 2,373 shares of the energy company’s stock worth $113,000 after purchasing an additional 1,809 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on MTDR shares. Raymond James Financial reiterated an “outperform” rating and set a $55.00 price objective (down previously from $63.00) on shares of Matador Resources in a report on Monday, October 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Matador Resources in a research note on Thursday, December 18th. UBS Group raised 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. Morgan Stanley cut their price objective on shares of Matador Resources from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Finally, Mizuho increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and an average target price of $59.91.

Matador Resources Stock Performance

MTDR opened at $43.77 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.55. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $63.68. The firm has a 50 day moving average of $42.41 and a two-hundred day moving average of $44.98. The firm has a market capitalization of $5.44 billion, a PE ratio of 6.99 and a beta of 1.09.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, October 21st. The energy company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The firm had revenue of $939.02 million during the quarter, compared to analysts’ expectations of $893.22 million. During the same quarter last year, the company posted $1.89 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, analysts anticipate that Matador Resources Company will post 8.53 EPS for the current year.

Insider Buying and Selling at Matador Resources

In related news, CEO Joseph Wm Foran purchased 9,500 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was bought at an average cost of $39.78 per share, with a total value of $377,910.00. Following the completion of the acquisition, the chief executive officer owned 17,525 shares of the company’s stock, valued at $697,144.50. The trade was a 118.38% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Christopher P. Calvert acquired 2,500 shares of the stock in a transaction on Monday, November 3rd. The stock was bought at an average price of $39.44 per share, for a total transaction of $98,600.00. Following the transaction, the chief operating officer owned 40,000 shares in the company, valued at approximately $1,577,600. This represents a 6.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 37,346 shares of company stock worth $1,463,396. Insiders own 5.80% of the company’s stock.

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.