Glenn W. Stetson Buys 500 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) EVP Glenn W. Stetson bought 500 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was bought at an average price of $47.49 per share, with a total value of $23,745.00. Following the completion of the purchase, the executive vice president now owns 92,180 shares of the company’s stock, valued at $4,377,628.20. This trade represents a 0.55 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Matador Resources Price Performance

Shares of MTDR traded up $1.01 during midday trading on Tuesday, reaching $51.37. The stock had a trading volume of 100,873 shares, compared to its average volume of 1,448,557. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The company has a market capitalization of $6.43 billion, a P/E ratio of 7.20 and a beta of 3.17. The firm’s 50 day moving average price is $56.07 and its 200-day moving average price is $54.94. Matador Resources has a 52 week low of $43.89 and a 52 week high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The business had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. On average, analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.43%. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a report on Wednesday, January 15th. Truist Financial boosted their price target on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. Morgan Stanley initiated coverage on shares of Matador Resources in a report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price objective on the stock. Raymond James reduced their target price on shares of Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Finally, Stephens raised their price target on shares of Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.20.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Matador Resources by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company’s stock worth $706,375,000 after acquiring an additional 187,633 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Matador Resources by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,444,723 shares of the energy company’s stock worth $306,313,000 after purchasing an additional 30,184 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Matador Resources by 25.9% during the 4th quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock worth $151,824,000 after buying an additional 555,245 shares during the period. Geode Capital Management LLC lifted its stake in Matador Resources by 1.9% during the third quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock valued at $99,297,000 after buying an additional 36,921 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Matador Resources by 18.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,669,957 shares of the energy company’s stock worth $93,952,000 after buying an additional 258,958 shares during the period. Institutional investors own 91.98% of the company’s stock.

Matador Resources Company Profile

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.