Vaughan Nelson Investment Management L.P. Boosts Stock Holdings in Matador Resources (NYSE:MTDR)

Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Matador Resources (NYSE:MTDR) by 57.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 959,795 shares of the energy company’s stock after buying an additional 349,820 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.77% of Matador Resources worth $53,998,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Empowered Funds LLC grew its holdings in Matador Resources by 58.6% during the 4th quarter. Empowered Funds LLC now owns 56,438 shares of the energy company’s stock valued at $3,175,000 after buying an additional 20,854 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in Matador Resources during the 4th quarter worth approximately $217,000. Choreo LLC purchased a new stake in Matador Resources in the 4th quarter worth approximately $302,000. Retirement Systems of Alabama boosted its holdings in Matador Resources by 99.6% in the 4th quarter. Retirement Systems of Alabama now owns 281,493 shares of the energy company’s stock valued at $15,837,000 after purchasing an additional 140,486 shares during the period. Finally, Boston Trust Walden Corp increased its holdings in shares of Matador Resources by 2.0% in the fourth quarter. Boston Trust Walden Corp now owns 1,069,360 shares of the energy company’s stock worth $60,162,000 after purchasing an additional 21,449 shares during the period. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTDR has been the topic of several recent analyst reports. KeyCorp lowered their price target on Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Morgan Stanley assumed coverage on shares of Matador Resources in a research report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target for the company in a research note on Friday, January 3rd. Finally, Truist Financial raised their price objective on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and an average price target of $75.14.

Insiders Place Their Bets

In other Matador Resources news, EVP William Thomas Elsener acquired 800 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $56.60 per share, with a total value of $45,280.00. Following the completion of the purchase, the executive vice president now directly owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. The trade was a 0.78 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joseph Wm Foran bought 2,000 shares of the stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of $55.18 per share, with a total value of $110,360.00. Following the completion of the acquisition, the chief executive officer now directly owns 42,251 shares of the company’s stock, valued at approximately $2,331,410.18. The trade was a 4.97 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 2,980 shares of company stock worth $165,988 over the last three months. Company insiders own 6.10% of the company’s stock.

Matador Resources Trading Up 0.4 %

NYSE:MTDR opened at $56.68 on Friday. The company has a 50-day moving average price of $58.22 and a 200-day moving average price of $55.92. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 7.51 and a beta of 3.22. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08.

About Matador Resources

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.