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

Heartland Advisors Inc. lifted its position in Matador Resources Company (NYSE:MTDR) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,788 shares of the energy company’s stock after acquiring an additional 17,328 shares during the period. Heartland Advisors Inc. owned 0.14% of Matador Resources worth $7,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its holdings in shares of Matador Resources by 79.5% in the third quarter. GSA Capital Partners LLP now owns 10,387 shares of the energy company’s stock valued at $467,000 after purchasing an additional 4,601 shares during the period. Rothschild Investment LLC raised its position in Matador Resources by 5,927.3% during the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after buying an additional 652 shares during the last quarter. Vanguard Group Inc. lifted its stake in Matador Resources by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 14,780,888 shares of the energy company’s stock valued at $664,105,000 after acquiring an additional 101,613 shares during the period. State of New Jersey Common Pension Fund D lifted its position in Matador Resources by 6.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 45,901 shares of the energy company’s stock valued at $2,062,000 after purchasing an additional 2,703 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Matador Resources by 4.5% in the third quarter. PNC Financial Services Group Inc. now owns 13,338 shares of the energy company’s stock valued at $599,000 after purchasing an additional 577 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MTDR shares. TD Cowen upgraded Matador Resources to a “strong-buy” rating in a research note on Monday, February 9th. Citigroup began coverage on Matador Resources in a report on Monday, December 8th. They issued a “buy” rating and a $53.00 price target for the company. Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 price objective (down previously from $63.00) on shares of Matador Resources in a research note on Monday, October 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Matador Resources in a research note on Thursday, December 18th. Finally, Morgan Stanley lowered their price target on shares of Matador Resources from $56.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $57.82.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $47.82 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. The firm has a fifty day moving average of $43.62 and a 200 day moving average of $44.22. The firm has a market cap of $5.94 billion, a PE ratio of 7.64 and a beta of 1.14. Matador Resources Company has a one year low of $35.19 and a one year high of $59.22.

Matador Resources 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.