Bessemer Group Inc. Purchases 12,619 Shares of Matador Resources Company $MTDR

Bessemer Group Inc. lifted its position in Matador Resources Company (NYSE:MTDR) by 3.2% during the third quarter, Holdings Channel reports. The institutional investor owned 409,598 shares of the energy company’s stock after buying an additional 12,619 shares during the quarter. Bessemer Group Inc.’s holdings in Matador Resources were worth $18,402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Matador Resources by 298.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock worth $25,000 after purchasing an additional 400 shares during the last quarter. Kestra Investment Management LLC boosted its position in shares of Matador Resources by 225.2% in the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after purchasing an additional 358 shares in the last quarter. Allworth Financial LP grew its stake in Matador Resources by 182.0% during the 2nd quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock worth $27,000 after buying an additional 364 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Matador Resources during the 2nd quarter valued at about $29,000. Finally, Geneos Wealth Management Inc. raised its stake in Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after buying an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analysts Set New Price Targets

MTDR has been the subject of a number of recent analyst reports. KeyCorp reiterated an “overweight” rating on shares of Matador Resources in a research note on Friday, December 19th. Bank of America decreased their price target on Matador Resources from $55.00 to $50.00 and set a “buy” rating for the company in a report on Monday, November 3rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Matador Resources in a report on Thursday, December 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Matador Resources in a research report on Friday, January 9th. Finally, Royal Bank Of Canada dropped their price target on shares of Matador Resources from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.82.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $47.43 on Friday. The business’s 50 day moving average price is $43.21 and its 200 day moving average price is $44.46. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 7.58 and a beta of 1.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. Matador Resources Company has a one year low of $35.19 and a one year high of $60.43.

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.