Trifecta Capital Advisors LLC Purchases 9,620 Shares of Matador Resources Company $MTDR

Trifecta Capital Advisors LLC raised its position in Matador Resources Company (NYSE:MTDR) by 712.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,970 shares of the energy company’s stock after purchasing an additional 9,620 shares during the period. Trifecta Capital Advisors LLC’s holdings in Matador Resources were worth $566,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Hsbc Holdings PLC raised its stake in shares of Matador Resources by 935.4% in the second quarter. Hsbc Holdings PLC now owns 56,096 shares of the energy company’s stock valued at $2,824,000 after purchasing an additional 50,678 shares in the last quarter. Great Lakes Advisors LLC bought a new position in Matador Resources in the second quarter worth $605,000. Quantbot Technologies LP acquired a new stake in Matador Resources during the second quarter worth $3,682,000. BlackRock Inc. acquired a new stake in Matador Resources during the second quarter worth $573,936,000. Finally, Morningstar Investment Management LLC acquired a new stake in Matador Resources during the first quarter worth $2,630,000. Institutional investors own 91.98% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Christopher P. Calvert bought 2,500 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was bought at an average price of $56.64 per share, for a total transaction of $141,600.00. Following the completion of the purchase, the chief financial officer owned 44,000 shares of the company’s stock, valued at approximately $2,492,160. The trade was a 6.02% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Foran bought 555 shares of Matador Resources stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average cost of $54.49 per share, for a total transaction of $30,241.95. Following the completion of the acquisition, the chief executive officer directly owned 4,772 shares in the company, valued at $260,026.28. This represents a 13.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 23,144 shares of company stock valued at $1,211,793. 5.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MTDR shares. UBS Group increased their price objective on shares of Matador Resources from $56.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Wells Fargo & Company decreased their target price on shares of Matador Resources from $77.00 to $76.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 14th. Stifel Nicolaus assumed coverage on shares of Matador Resources in a research report on Thursday, September 10th. They set a “buy” rating and a $66.00 target price on the stock. Scotiabank initiated coverage on shares of Matador Resources in a research note on Thursday, October 15th. They issued a “sector perform” rating and a $59.00 target price on the stock. Finally, Citigroup dropped their price target on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and a consensus target price of $67.20.

Matador Resources Stock Up 0.6%

MTDR opened at $57.77 on Thursday. The firm’s 50-day simple moving average is $56.22 and its 200-day simple moving average is $55.15. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65. Matador Resources Company has a twelve month low of $37.14 and a twelve month high of $66.84. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 9.91 and a beta of 0.98.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.53. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company posted $1.53 EPS. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. Equities research analysts anticipate that Matador Resources Company will post 7.62 EPS for the current fiscal year.

Matador Resources Profile

Matador Resources Company (NYSE: MTDR) is an independent energy company engaged in the exploration, development, production and acquisition of oil, natural gas and natural gas liquids. The company focuses primarily on unconventional, or shale, resource plays and operates across both upstream exploration and production and related midstream activities.

Matador’s principal exploration and production operations are located in the Delaware Basin in southeastern New Mexico and West Texas. Its midstream operations, conducted primarily through San Mateo Midstream, provide natural gas gathering and processing, crude oil and produced-water gathering, and water sourcing and disposal services that support the company’s operations and other producers in the region.

Founded in 2003 and headquartered in Dallas, Texas, Matador has historically expanded through development and acquisitions in U.S.