Universal Beteiligungs und Servicegesellschaft mbH Increases Position in Matador Resources Company $MTDR

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Matador Resources Company (NYSE:MTDR) by 11.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 197,846 shares of the energy company’s stock after purchasing an additional 20,449 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Matador Resources were worth $8,889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTDR. Quantum Portfolio Management LLC increased its stake in Matador Resources by 34.5% in the third quarter. Quantum Portfolio Management LLC now owns 15,405 shares of the energy company’s stock worth $692,000 after purchasing an additional 3,951 shares during the period. Sequoia Financial Advisors LLC increased its stake in Matador Resources by 44.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 21,387 shares of the energy company’s stock worth $961,000 after buying an additional 6,549 shares during the period. Evergreen Capital Management LLC lifted its holdings in Matador Resources by 57.4% during the 3rd quarter. Evergreen Capital Management LLC now owns 9,825 shares of the energy company’s stock valued at $441,000 after buying an additional 3,581 shares in the last quarter. Forum Financial Management LP bought a new stake in Matador Resources during the 3rd quarter valued at about $239,000. Finally, SG Americas Securities LLC boosted its position in Matador Resources by 52.9% in the 3rd quarter. SG Americas Securities LLC now owns 22,691 shares of the energy company’s stock valued at $1,020,000 after buying an additional 7,847 shares during the period. 91.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Shelley F. Appel bought 1,784 shares of Matador Resources stock in a transaction on Thursday, October 30th. The stock was acquired at an average cost of $39.85 per share, for a total transaction of $71,092.40. Following the completion of the acquisition, the director owned 1,784 shares of the company’s stock, valued at $71,092.40. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert T. Macalik purchased 1,500 shares of the stock in a transaction dated Thursday, November 6th. The stock was purchased at an average price of $38.25 per share, for a total transaction of $57,375.00. Following the completion of the acquisition, the executive vice president directly owned 35,039 shares in the company, valued at approximately $1,340,241.75. This represents a 4.47% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 37,346 shares of company stock valued at $1,463,396 over the last three months. Corporate insiders own 5.80% of the company’s stock.

Matador Resources Trading Down 0.5%

Shares of NYSE:MTDR opened at $42.94 on Friday. The company has a market capitalization of $5.34 billion, a PE ratio of 6.86 and a beta of 1.09. 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 $62.59. The business’s fifty day simple moving average is $42.48 and its 200-day simple moving average is $44.87.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MTDR shares. Wells Fargo & Company reduced their target price on shares of Matador Resources from $71.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Morgan Stanley reduced their price objective on Matador Resources from $56.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 target price (down from $63.00) on shares of Matador Resources in a report on Monday, October 20th. Royal Bank Of Canada dropped their price target on Matador Resources from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. Finally, Bank of America cut their price target on Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.09.

About Matador Resources

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.