LSV Asset Management Acquires 197,528 Shares of Matador Resources Company $MTDR

LSV Asset Management boosted its holdings in shares of Matador Resources Company (NYSE:MTDR) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,532,303 shares of the energy company’s stock after purchasing an additional 197,528 shares during the period. LSV Asset Management’s holdings in Matador Resources were worth $158,706,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Kestra Investment Management LLC grew its stake in shares of Matador Resources by 225.2% in the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after purchasing an additional 358 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Matador Resources by 298.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock worth $25,000 after buying an additional 400 shares during the period. Allworth Financial LP boosted its stake in Matador Resources by 182.0% in the 2nd quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock valued at $27,000 after buying an additional 364 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Matador Resources in the second quarter valued at $29,000. Finally, Geneos Wealth Management Inc. raised its stake in Matador Resources by 361.3% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after acquiring an additional 690 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Stock Up 3.4%

Shares of NYSE MTDR opened at $48.50 on Thursday. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $59.22. The firm’s 50-day simple moving average is $43.45 and its 200 day simple moving average is $44.36. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 0.55. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 7.75 and a beta of 1.14.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. UBS Group boosted their target price on shares of Matador Resources from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Wells Fargo & Company downgraded shares of Matador Resources from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $61.00 to $47.00 in a report on Tuesday, January 27th. TD Cowen upgraded shares of Matador Resources to a “strong-buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Matador Resources in a research note on Friday, January 9th. Finally, KeyCorp reiterated an “overweight” rating on shares of Matador Resources in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.82.

About Matador Resources

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.