SVB Wealth LLC boosted its stake in Matador Resources (NYSE:MTDR – Get Rating) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,874 shares of the energy company’s stock after acquiring an additional 194 shares during the period. SVB Wealth LLC’s holdings in Matador Resources were worth $532,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Matador Resources by 4.8% in the first quarter. Vanguard Group Inc. now owns 12,422,915 shares of the energy company’s stock valued at $658,165,000 after buying an additional 567,557 shares during the last quarter. State Street Corp raised its holdings in shares of Matador Resources by 7.0% in the first quarter. State Street Corp now owns 5,777,669 shares of the energy company’s stock valued at $306,101,000 after buying an additional 377,853 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Matador Resources by 82.9% in the first quarter. Invesco Ltd. now owns 4,367,715 shares of the energy company’s stock valued at $231,403,000 after buying an additional 1,979,904 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Matador Resources by 3.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,326,071 shares of the energy company’s stock valued at $201,552,000 after buying an additional 135,179 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Matador Resources by 16.3% in the second quarter. JPMorgan Chase & Co. now owns 3,280,313 shares of the energy company’s stock valued at $152,830,000 after buying an additional 459,648 shares during the last quarter. 87.00% of the stock is owned by hedge funds and other institutional investors.
Matador Resources Trading Up 1.3 %
Shares of MTDR opened at $65.46 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 1.46 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average is $59.46 and its two-hundred day moving average is $60.58. Matador Resources has a twelve month low of $41.17 and a twelve month high of $73.78. The firm has a market capitalization of $7.73 billion, a P/E ratio of 6.67 and a beta of 3.53.
Wall Street Analyst Weigh In
About Matador Resources
Matador Resources Co is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring.
Further Reading
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