Hussman Strategic Advisors Inc. Invests $1.89 Million in Matador Resources Company $MTDR

Hussman Strategic Advisors Inc. bought a new stake in Matador Resources Company (NYSE:MTDR) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 42,000 shares of the energy company’s stock, valued at approximately $1,887,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTDR. Adage Capital Partners GP L.L.C. lifted its position in shares of Matador Resources by 143.1% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,556,472 shares of the energy company’s stock worth $121,995,000 after acquiring an additional 1,505,000 shares during the period. LSV Asset Management lifted its position in Matador Resources by 45.7% in the second quarter. LSV Asset Management now owns 3,334,775 shares of the energy company’s stock worth $159,135,000 after purchasing an additional 1,045,396 shares during the period. Encompass Capital Advisors LLC acquired a new stake in Matador Resources during the second quarter worth $37,194,000. Vaughan Nelson Investment Management L.P. increased its holdings in Matador Resources by 64.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,100,805 shares of the energy company’s stock valued at $49,459,000 after buying an additional 431,010 shares during the period. Finally, Balyasny Asset Management L.P. raised its stake in shares of Matador Resources by 488.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 477,218 shares of the energy company’s stock valued at $22,773,000 after buying an additional 396,129 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on MTDR. Royal Bank Of Canada cut their price target on Matador Resources from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Tuesday, January 13th. Raymond James Financial restated an “outperform” rating and issued a $55.00 price objective (down previously from $63.00) on shares of Matador Resources in a research report on Monday, October 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Matador Resources in a research report on Thursday, December 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Matador Resources in a report on Friday, January 9th. Finally, Wells Fargo & Company cut shares of Matador Resources from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $61.00 to $47.00 in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.82.

Matador Resources Trading Up 1.9%

MTDR opened at $43.38 on Wednesday. The firm has a 50 day simple moving average of $42.58 and a 200 day simple moving average of $44.69. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $60.91. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 6.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69.

Insider Activity at Matador Resources

In related news, insider Van H. Singleton II purchased 1,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were bought at an average price of $39.46 per share, with a total value of $39,460.00. Following the purchase, the insider directly owned 292,418 shares in the company, valued at $11,538,814.28. This trade represents a 0.34% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joseph Wm Foran purchased 1,000 shares of Matador Resources stock in a transaction dated Thursday, November 6th. The stock was bought at an average price of $38.14 per share, for a total transaction of $38,140.00. Following the completion of the transaction, the chief executive officer directly owned 23,867 shares in the company, valued at $910,287.38. The trade was a 4.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 37,346 shares of company stock worth $1,463,396. 5.80% of the stock is owned by company insiders.

Matador Resources Company Profile

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.