Hussman Strategic Advisors Inc. Takes $1.89 Million Position in Matador Resources Company $MTDR

Hussman Strategic Advisors Inc. purchased a new position in Matador Resources Company (NYSE:MTDR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,000 shares of the energy company’s stock, valued at approximately $1,887,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chilton Capital Management LLC acquired a new position in Matador Resources in the 3rd quarter valued at approximately $241,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Matador Resources by 2.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 23,469 shares of the energy company’s stock valued at $1,054,000 after acquiring an additional 531 shares in the last quarter. James Investment Research Inc. increased its stake in shares of Matador Resources by 2.8% in the third quarter. James Investment Research Inc. now owns 54,198 shares of the energy company’s stock worth $2,435,000 after acquiring an additional 1,476 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Matador Resources by 41.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 68,787 shares of the energy company’s stock worth $3,091,000 after acquiring an additional 20,122 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in Matador Resources by 309.6% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 32,010 shares of the energy company’s stock valued at $1,438,000 after purchasing an additional 24,195 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Stock Up 1.9%

Shares of MTDR stock opened at $43.38 on Wednesday. The stock’s 50 day simple moving average is $42.58 and its 200 day simple moving average is $44.69. Matador Resources Company has a twelve month low of $35.19 and a twelve month high of $60.91. 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 company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 6.93 and a beta of 1.09.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. KeyCorp reaffirmed an “overweight” rating on shares of Matador Resources in a research report on Friday, December 19th. Morgan Stanley lowered their price target on Matador Resources from $56.00 to $52.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. Raymond James Financial restated an “outperform” rating and issued a $55.00 price objective (down previously from $63.00) on shares of Matador Resources in a report on Monday, October 20th. Mizuho lifted their target price on shares of Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Matador Resources in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.82.

Insider Activity at Matador Resources

In other Matador Resources news, insider Van H. Singleton II acquired 1,000 shares of Matador Resources stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of $39.46 per share, with a total value of $39,460.00. Following the completion of the transaction, the insider owned 292,418 shares of the company’s stock, valued at $11,538,814.28. The trade was a 0.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert T. Macalik acquired 1,500 shares of the stock in a transaction dated Thursday, November 6th. The stock was bought at an average price of $38.25 per share, for a total transaction of $57,375.00. Following the purchase, the executive vice president owned 35,039 shares of the company’s stock, valued at $1,340,241.75. The trade was a 4.47% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 37,346 shares of company stock valued at $1,463,396. 5.80% of the stock is owned by corporate insiders.

Matador Resources Company 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.