Matador Resources Company (NYSE:MTDR) is at least 47.99% than its current record low price of $20.13. There was a -4.09% decline on 05/24/2018 that led the price to move at $29.79. At recent session, the prices were hovering between $29.77 and $30.88. This company shares are 21.72% off its target price of $36.26 and the current market capitalization stands at $3.36B. The recent change has given its price a -4.61% deficit over SMA 50 and -15.42% deficit over its 52-week high. The stock witnessed -11.65% declines, -0.77% declines and 8.09% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MTDR’s volatility during a week at 4.16% and during a month it has been found around 3.74%.Matador Resources Company (MTDR) Top Holders
Institutional investors currently hold around $2.91 billion or 87.7% in MTDR stock. Look at its top three institutional owners. Blackrock Inc. owns $327.27 million in Matador Resources Company, which represents roughly 9.74% of the company’s market cap and approximately 11.24% of the institutional ownership. Similar statistics are true for the second largest owner, Price T Rowe Associates Inc /Md/, which owns 9,428,984 shares of the stock are valued at $292.86 million. The third largest holder is Vanguard Group Inc, which currently holds $254.12 million worth of this stock and that ownership represents nearly 7.56% of its market capitalization.
At the end of 03/31/2018 reporting period, 127 institutional holders increased their position in Matador Resources Company (NYSE:MTDR) by some 4,254,508 shares, 138 decreased positions by 6,670,365 and 39 held positions by 82,813,624. That puts total institutional holdings at 93,738,497 shares, according to SEC filings. The stock grabbed 39 new institutional investments totaling 1,712,315 shares while 26 institutional investors sold out their entire positions totaling 893,644 shares.Matador Resources Company (NYSE:MTDR) Insider Trades
Multiple company employees have indulged in significant insider trading. Matador Resources Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Forrester Julia P. has acquired 730 shares of Matador Resources Company (MTDR) in trading session dated Dec. 08, 2017. These shares are worth $20,623 and were traded at $28.25 each. The SEC filing shows that Posner David M. performed a purchase of 1,035 shares. The Director added these shares by way of transaction on Dec. 04, 2017. The company’s shares were assimilated at $28.92 per share worth to an investment of some $29,932 on account of Posner David M..
Director, Posner David M., purchased 4,115 common shares of Matador Resources Company (MTDR) in the open market. In a transaction dated Aug. 08, 2017, the shares were bought at an average price of $24.1, giving away a sum of $99,172. After this purchase, 11,449 common shares of MTDR are directly owned by the insider, with total stake valued at $341,066.
In the transaction dated Jun. 09, 2017, the great number of shares disposed came courtesy the Chairman and CEO; Foran Joseph Wm disposed a total of 11,000 shares at an average price of $23.12, amounting to approximately $254,320. The insider now directly owns 4,401,843 shares worth $131,130,903.Matador Resources Company (MTDR) Analyst Guide
Several analysts have released their opinion on Matador Resources Company (NYSE:MTDR), with 9 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.67 average brokerage recommendation.