Nicholas Investment Partners LP Lowers Stake in Matador Resources Company (MTDR)

Nicholas Investment Partners LP reduced its stake in Matador Resources Company (NYSE:MTDR) by 53.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 167,790 shares of the energy company’s stock after selling 194,917 shares during the period. Nicholas Investment Partners LP owned about 0.18% of Matador Resources Company worth $4,321,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Matador Resources Company by 2.8% in the second quarter. Vanguard Group Inc. now owns 6,063,226 shares of the energy company’s stock valued at $120,052,000 after buying an additional 164,563 shares during the period. State Street Corp boosted its stake in Matador Resources Company by 4.2% in the fourth quarter. State Street Corp now owns 3,280,497 shares of the energy company’s stock valued at $84,505,000 after buying an additional 131,656 shares during the period. BlackRock Fund Advisors boosted its stake in Matador Resources Company by 6.3% in the third quarter. BlackRock Fund Advisors now owns 2,202,621 shares of the energy company’s stock valued at $53,612,000 after buying an additional 129,941 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in Matador Resources Company by 13.3% in the second quarter. Silvercrest Asset Management Group LLC now owns 2,008,146 shares of the energy company’s stock valued at $39,761,000 after buying an additional 236,459 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Matador Resources Company by 28.6% in the third quarter. Victory Capital Management Inc. now owns 1,347,311 shares of the energy company’s stock valued at $32,793,000 after buying an additional 299,889 shares during the period. Institutional investors and hedge funds own 81.51% of the company’s stock.

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

Shares of Matador Resources Company (NYSE:MTDR) traded up 0.59% during trading on Wednesday, hitting $27.13. 301,181 shares of the company traded hands. The firm has a 50 day moving average price of $26.10 and a 200-day moving average price of $24.06. Matador Resources Company has a one year low of $13.44 and a one year high of $28.51. The stock’s market cap is $2.54 billion.

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A number of equities research analysts recently weighed in on MTDR shares. Zacks Investment Research raised shares of Matador Resources Company from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Thursday, February 9th. RBC Capital Markets reissued an “outperform” rating and issued a $34.00 price target (up from $31.00) on shares of Matador Resources Company in a research report on Friday, February 3rd. Royal Bank Of Canada boosted their price target on shares of Matador Resources Company from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Barclays PLC boosted their price target on shares of Matador Resources Company from $22.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, January 26th. Finally, Raymond James Financial, Inc. started coverage on shares of Matador Resources Company in a research report on Monday, January 23rd. They issued an “outperform” rating and a $31.00 price target for the company. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $26.20.

In other news, Director David M. Laney bought 10,000 shares of the company’s stock in a transaction dated Tuesday, December 13th. The shares were acquired at an average cost of $26.45 per share, with a total value of $264,500.00. Following the completion of the transaction, the director now directly owns 417,053 shares in the company, valued at approximately $11,031,051.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven W. Ohnimus sold 20,000 shares of Matador Resources Company stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $25.78, for a total transaction of $515,600.00. Following the completion of the transaction, the director now directly owns 99,853 shares in the company, valued at $2,574,210.34. The disclosure for this sale can be found here. Insiders own 12.70% of the company’s stock.

About Matador Resources Company

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 segment is oil and natural gas exploration and production.

5 Day Chart for NYSE:MTDR

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