US Bancorp DE raised its stake in Matador Resources Company (NYSE:MTDR) by 26.2% during the first quarter, Holdings Channel reports. The fund owned 10,119 shares of the energy company’s stock after buying an additional 2,099 shares during the period. US Bancorp DE’s holdings in Matador Resources Company were worth $241,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Caxton Associates LP acquired a new stake in Matador Resources Company during the fourth quarter valued at about $611,000. Franklin Resources Inc. raised its stake in Matador Resources Company by 0.5% in the fourth quarter. Franklin Resources Inc. now owns 2,171,730 shares of the energy company’s stock valued at $55,943,000 after buying an additional 11,450 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Matador Resources Company by 376.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 115,618 shares of the energy company’s stock valued at $2,979,000 after buying an additional 91,339 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in Matador Resources Company during the fourth quarter valued at about $407,000. Finally, Marshall Wace LLP acquired a new stake in Matador Resources Company during the fourth quarter valued at about $10,556,000. 86.75% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Matador Resources Company (NYSE:MTDR)

Matador Resources Company (NYSE MTDR) opened at 21.62 on Friday. The stock has a market capitalization of $2.17 billion, a P/E ratio of 38.06 and a beta of 1.18. Matador Resources Company has a 52 week low of $18.56 and a 52 week high of $28.51. The stock has a 50 day moving average of $23.10 and a 200 day moving average of $24.33.

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Several research firms have recently issued reports on MTDR. Stifel Nicolaus increased their price objective on shares of Matador Resources Company from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Scotiabank reissued a “buy” rating on shares of Matador Resources Company in a research report on Thursday, February 23rd. TheStreet raised shares of Matador Resources Company from a “d” rating to a “c” rating in a research report on Wednesday, February 22nd. FBR & Co set a $32.00 price objective on shares of Matador Resources Company and gave the stock a “buy” rating in a research report on Saturday, February 25th. Finally, KLR Group increased their price objective on shares of Matador Resources Company from $24.00 to $25.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $29.33.

In related news, Director Julia P. Forrester bought 1,255 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were acquired at an average price of $23.96 per share, with a total value of $30,069.80. Following the completion of the transaction, the director now owns 3,399 shares of the company’s stock, valued at approximately $81,440.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Joseph Wm Foran sold 11,000 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $23.12, for a total transaction of $254,320.00. The disclosure for this sale can be found here. Company insiders own 11.90% of the company’s stock.

Matador Resources Company Company Profile

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.

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