Vaughan Nelson Investment Management L.P. Buys 349,820 Shares of Matador Resources (NYSE:MTDR)

Vaughan Nelson Investment Management L.P. grew its position in shares of Matador Resources (NYSE:MTDR) by 57.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 959,795 shares of the energy company’s stock after buying an additional 349,820 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Matador Resources were worth $53,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MTDR. Empowered Funds LLC increased its position in Matador Resources by 58.6% during the fourth quarter. Empowered Funds LLC now owns 56,438 shares of the energy company’s stock valued at $3,175,000 after acquiring an additional 20,854 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in Matador Resources in the fourth quarter worth about $217,000. Choreo LLC bought a new stake in shares of Matador Resources during the 4th quarter valued at about $302,000. Retirement Systems of Alabama increased its position in shares of Matador Resources by 99.6% during the 4th quarter. Retirement Systems of Alabama now owns 281,493 shares of the energy company’s stock valued at $15,837,000 after purchasing an additional 140,486 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its stake in shares of Matador Resources by 2.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,069,360 shares of the energy company’s stock worth $60,162,000 after purchasing an additional 21,449 shares during the period. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on MTDR. Wells Fargo & Company upped their target price on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a report on Wednesday, January 15th. Stephens boosted their price target on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. reduced their price target on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research report on Friday, January 3rd. Two investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.14.

Insider Activity at Matador Resources

In other Matador Resources news, EVP William Thomas Elsener bought 800 shares of Matador Resources stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the acquisition, the executive vice president now directly owns 102,964 shares in the company, valued at approximately $5,827,762.40. This represents a 0.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Joseph Wm Foran purchased 2,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average cost of $55.18 per share, with a total value of $110,360.00. Following the acquisition, the chief executive officer now owns 42,251 shares in the company, valued at $2,331,410.18. The trade was a 4.97 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 2,980 shares of company stock valued at $165,988. 6.10% of the stock is owned by corporate insiders.

Matador Resources Trading Up 0.4 %

Shares of Matador Resources stock opened at $56.68 on Friday. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average price of $58.22 and a 200-day moving average price of $55.92. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 7.51 and a beta of 3.22.

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.