Cwm LLC Has $6.94 Million Holding in Matador Resources Co (MTDR)

Cwm LLC Has $6.94 Million Holding in Matador Resources Co (MTDR)

CWM LLC lessened its holdings in Matador Resources Co (NYSE:MTDR) by 0.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 446,696 shares of the energy company’s stock after selling 2,502 shares during the period. CWM LLC owned about 0.38% of Matador Resources worth $6,937,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MTDR. BlackRock Inc. grew its holdings in shares of Matador Resources by 4.2% in the third quarter. BlackRock Inc. now owns 12,200,714 shares of the energy company’s stock valued at $403,234,000 after purchasing an additional 493,829 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Matador Resources by 6.9% in the third quarter. Vanguard Group Inc. now owns 9,530,794 shares of the energy company’s stock valued at $314,992,000 after purchasing an additional 612,234 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Matador Resources by 6.9% in the third quarter. Vanguard Group Inc now owns 9,530,794 shares of the energy company’s stock valued at $314,992,000 after purchasing an additional 612,234 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Matador Resources by 7.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,390,810 shares of the energy company’s stock valued at $112,066,000 after purchasing an additional 244,527 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in shares of Matador Resources by 13.4% in the third quarter. Glenmede Trust Co. NA now owns 1,682,448 shares of the energy company’s stock valued at $55,604,000 after purchasing an additional 198,620 shares in the last quarter. Hedge funds and other institutional investors own 87.68% of the company’s stock.

Matador Resources stock opened at $17.26 on Friday. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 0.62 and a beta of 2.00. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.62. Matador Resources Co has a twelve month low of $13.97 and a twelve month high of $35.22.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Matador Resources from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Wells Fargo & Co reissued a “hold” rating on shares of Matador Resources in a report on Friday, January 25th. Raymond James set a $24.00 price target on shares of Matador Resources and gave the company a “buy” rating in a report on Wednesday, January 23rd. Capital One Financial lowered shares of Matador Resources from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. Finally, ValuEngine lowered shares of Matador Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Matador Resources currently has an average rating of “Hold” and a consensus target price of $34.50.

In other Matador Resources news, CFO David E. Lancaster bought 2,500 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were purchased at an average price of $21.88 per share, for a total transaction of $54,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Reynald Baribault bought 1,500 shares of the firm’s stock in a transaction on Friday, December 14th. The shares were acquired at an average price of $17.47 per share, for a total transaction of $26,205.00. Following the transaction, the director now owns 26,659 shares in the company, valued at $465,732.73. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 33,005 shares of company stock worth $758,302. Insiders own 11.10% of the company’s stock.

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 in 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.

Further Reading: Return on Equity (ROE)

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