Insider Trading at Matador Resources Co (MTDR): Director Buys $73,400 of Shares

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Last September 9th and 10th, Carlos M. Sepulveda, Director at Matador Resources Co (NYSE:MTDR) purchased through an open market transaction 3,000 shares of Common Stock. The first 2,000 shares were acquired at a price of $24,29 each, for a total value of $45,580. The remaining 1,000 were bought at an average weighted price of $24,82, for a total value of $24,820. Following the filing, Mr. Sepulveda directly owns 300,459 shares of the independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States.

In the same way, Matador Resources Co (NYSE:MTDR)’s major hedge fund investors on record have decided to increase their participation in the $1.81 billion market cap firm. Louis Navellier’s fund, Navellier and Associates –owner of over 1.6 million shares- has done so by 2319%. Also, David E. Shaw’s D E Shaw –owner of 295,058 shares- has augmented its exposure on the firm by 1014%.

 

Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned. 

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