Rainier Investment Management LLC Sells 3,550 Shares of Matador Resources Co (MTDR)

Rainier Investment Management LLC lessened its holdings in shares of Matador Resources Co (NYSE:MTDR) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 108,840 shares of the energy company’s stock after selling 3,550 shares during the quarter. Matador Resources makes up approximately 1.4% of Rainier Investment Management LLC’s portfolio, making the stock its 26th largest holding. Rainier Investment Management LLC’s holdings in Matador Resources were worth $3,388,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its position in shares of Matador Resources by 53.9% in the second quarter. BlackRock Inc. now owns 10,186,099 shares of the energy company’s stock valued at $217,677,000 after purchasing an additional 3,566,950 shares during the period. Vanguard Group Inc. raised its position in shares of Matador Resources by 3.4% in the second quarter. Vanguard Group Inc. now owns 7,302,038 shares of the energy company’s stock valued at $156,044,000 after purchasing an additional 241,175 shares during the period. State Street Corp raised its position in shares of Matador Resources by 40.5% in the second quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock valued at $101,655,000 after purchasing an additional 1,370,196 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Matador Resources by 216.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock valued at $66,804,000 after purchasing an additional 1,682,663 shares during the period. Finally, GW&K Investment Management LLC raised its position in shares of Matador Resources by 20.8% in the fourth quarter. GW&K Investment Management LLC now owns 2,160,513 shares of the energy company’s stock valued at $67,257,000 after purchasing an additional 372,122 shares during the period. 85.70% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director David M. Posner bought 1,035 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average price of $28.92 per share, with a total value of $29,932.20. Following the completion of the transaction, the director now owns 6,274 shares of the company’s stock, valued at approximately $181,444.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.90% of the company’s stock.

MTDR has been the topic of a number of recent analyst reports. Mizuho set a $28.00 price target on shares of Matador Resources and gave the company a “hold” rating in a research report on Saturday, November 25th. Barclays set a $25.00 price target on shares of Matador Resources and gave the company a “hold” rating in a research report on Wednesday, October 11th. Imperial Capital lifted their price target on shares of Matador Resources from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Northland Securities set a $35.00 price target on shares of Matador Resources and gave the company a “buy” rating in a research report on Monday, November 13th. Finally, Royal Bank of Canada lifted their price target on shares of Matador Resources from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $31.81.

Matador Resources Co (MTDR) opened at $31.18 on Monday. Matador Resources Co has a 52-week low of $20.13 and a 52-week high of $33.96. The stock has a market cap of $3,381.38, a price-to-earnings ratio of 57.74, a P/E/G ratio of 0.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 0.60.

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Matador Resources Profile

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 segments include exploration and production, and midstream.

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

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