Peterson Wealth Services Has $2.10 Million Stake in Matador Resources (NYSE:MTDR)

Peterson Wealth Services trimmed its position in shares of Matador Resources (NYSE:MTDR) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,236 shares of the energy company’s stock after selling 5,608 shares during the period. Peterson Wealth Services’ holdings in Matador Resources were worth $2,095,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MTDR. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after purchasing an additional 207 shares in the last quarter. True Wealth Design LLC bought a new position in Matador Resources in the 3rd quarter valued at approximately $37,000. Denver PWM LLC raised its holdings in Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after buying an additional 303 shares during the last quarter. Avior Wealth Management LLC raised its holdings in Matador Resources by 329.0% in the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after buying an additional 635 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Matador Resources by 154.8% in the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock valued at $52,000 after buying an additional 644 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP William Thomas Elsener bought 800 shares of the stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the purchase, the executive vice president now directly owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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, for a total transaction of $110,360.00. Following the completion of the purchase, the chief executive officer now directly owns 42,251 shares in the company, valued at approximately $2,331,410.18. This trade represents a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 2,980 shares of company stock worth $165,988 in the last ninety days. Company insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

MTDR has been the subject of a number of research reports. Stephens raised their price objective on shares of Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a report on Wednesday, January 15th. Benchmark reiterated a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a report on Friday, January 17th. Morgan Stanley assumed coverage on shares of Matador Resources in a report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Matador Resources has an average rating of “Moderate Buy” and an average price target of $75.14.

Matador Resources Price Performance

MTDR opened at $59.25 on Tuesday. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of 7.85 and a beta of 3.22. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. The firm’s fifty day moving average price is $58.23 and its two-hundred day moving average price is $55.86.

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.