Creative Planning Purchases New Position in Matador Resources Co (MTDR)

Creative Planning purchased a new stake in Matador Resources Co (NYSE:MTDR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,451 shares of the energy company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Matador Resources by 2,432.6% in the second quarter. JPMorgan Chase & Co. now owns 111,435 shares of the energy company’s stock valued at $2,382,000 after purchasing an additional 107,035 shares during the period. Ameriprise Financial Inc. increased its holdings in Matador Resources by 194.1% in the second quarter. Ameriprise Financial Inc. now owns 522,053 shares of the energy company’s stock valued at $11,156,000 after purchasing an additional 344,564 shares during the period. Amalgamated Bank increased its holdings in Matador Resources by 19.8% in the second quarter. Amalgamated Bank now owns 12,813 shares of the energy company’s stock valued at $274,000 after purchasing an additional 2,119 shares during the period. Profund Advisors LLC acquired a new stake in Matador Resources in the second quarter valued at $240,000. Finally, Thrivent Financial For Lutherans acquired a new stake in Matador Resources in the second quarter valued at $406,000. Institutional investors own 85.70% of the company’s stock.

A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Matador Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 31st. Barclays set a $25.00 price target on Matador Resources and gave the stock a “hold” rating in a report on Wednesday, October 11th. SunTrust Banks reiterated a “buy” rating and set a $32.00 price target on shares of Matador Resources in a report on Friday, November 10th. Royal Bank of Canada increased their price target on Matador Resources from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. Finally, Northland Securities set a $33.00 price target on Matador Resources and gave the stock a “buy” rating in a report on Monday, December 11th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $31.81.

Shares of Matador Resources Co (NYSE MTDR) opened at $29.43 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.58. Matador Resources Co has a 1-year low of $20.13 and a 1-year high of $33.96. The firm has a market capitalization of $3,293.53, a PE ratio of 15.55, a price-to-earnings-growth ratio of 0.78 and a beta of 1.20.

In related news, Director David M. Posner acquired 1,035 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were bought at an average price of $28.92 per share, with a total value of $29,932.20. Following the transaction, the director now directly owns 6,274 shares of the company’s stock, valued at $181,444.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.90% of the stock is owned by corporate insiders.

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About Matador Resources

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

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