Envestnet Asset Management Inc. Sells 19,787 Shares of Matador Resources Company $MTDR

Envestnet Asset Management Inc. reduced its holdings in Matador Resources Company (NYSE:MTDR) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 309,439 shares of the energy company’s stock after selling 19,787 shares during the quarter. Envestnet Asset Management Inc. owned about 0.25% of Matador Resources worth $13,903,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MTDR. Hantz Financial Services Inc. grew its position in shares of Matador Resources by 184.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 6,834 shares of the energy company’s stock worth $307,000 after buying an additional 4,428 shares during the period. Penserra Capital Management LLC grew its holdings in Matador Resources by 9.5% in the third quarter. Penserra Capital Management LLC now owns 18,150 shares of the energy company’s stock worth $815,000 after purchasing an additional 1,574 shares during the period. Jones Financial Companies Lllp increased its stake in Matador Resources by 29.9% in the third quarter. Jones Financial Companies Lllp now owns 1,715 shares of the energy company’s stock valued at $80,000 after purchasing an additional 395 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Matador Resources by 3.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,032,602 shares of the energy company’s stock valued at $46,395,000 after purchasing an additional 37,889 shares during the period. Finally, AlphaQuest LLC boosted its position in shares of Matador Resources by 288.6% during the 3rd quarter. AlphaQuest LLC now owns 3,385 shares of the energy company’s stock worth $152,000 after purchasing an additional 2,514 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Matador Resources in a research report on Friday, January 9th. Wells Fargo & Company downgraded Matador Resources from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $61.00 to $47.00 in a report on Tuesday, January 27th. TD Cowen upgraded Matador Resources to a “strong-buy” rating in a report on Monday, February 9th. BMO Capital Markets restated an “outperform” rating on shares of Matador Resources in a research note on Thursday, December 18th. Finally, Royal Bank Of Canada dropped their price objective on shares of Matador Resources from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Matador Resources currently has an average rating of “Moderate Buy” and a consensus target price of $57.82.

Matador Resources Stock Up 2.1%

MTDR opened at $47.82 on Tuesday. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $59.22. The firm has a market capitalization of $5.94 billion, a P/E ratio of 7.64 and a beta of 1.14. The company’s 50-day moving average is $43.62 and its 200 day moving average is $44.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69.

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.