Matador Resources (NYSE:MTDR) EVP Acquires $53,060.00 in Stock

Matador Resources (NYSE:MTDR) EVP Glenn W. Stetson bought 1,000 shares of the stock in a transaction dated Friday, February 21st. The shares were acquired at an average cost of $53.06 per share, for a total transaction of $53,060.00. Following the completion of the acquisition, the executive vice president now directly owns 91,680 shares of the company’s stock, valued at approximately $4,864,540.80. This trade represents a 1.10 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Matador Resources Trading Up 0.5 %

NYSE:MTDR traded up $0.27 during trading hours on Monday, hitting $53.38. 1,458,259 shares of the company were exchanged, compared to its average volume of 1,101,264. The company has a fifty day simple moving average of $58.17 and a 200 day simple moving average of $55.82. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 7.48 and a beta of 3.22. Matador Resources has a one year low of $47.15 and a one year high of $71.08.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (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 firm had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Sell-side analysts expect that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.3125 dividend. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 28th. This represents a $1.25 annualized dividend and a yield of 2.34%. Matador Resources’s payout ratio is presently 17.51%.

Wall Street Analysts Forecast Growth

MTDR has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a report on Wednesday, January 15th. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Friday, January 3rd. Truist Financial boosted their price target on Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Mizuho reduced their price target on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Matador Resources has an average rating of “Moderate Buy” and an average target price of $75.14.

Institutional Trading of Matador Resources

A number of institutional investors have recently bought and sold shares of MTDR. LSV Asset Management lifted its stake in shares of Matador Resources by 262.0% in the 4th quarter. LSV Asset Management now owns 1,517,308 shares of the energy company’s stock valued at $85,364,000 after purchasing an additional 1,098,108 shares during the period. Boston Trust Walden Corp bought a new stake in Matador Resources in the third quarter worth approximately $51,788,000. Copeland Capital Management LLC lifted its stake in Matador Resources by 145.2% in the fourth quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company’s stock valued at $72,223,000 after buying an additional 760,122 shares during the period. Webs Creek Capital Management LP bought a new position in shares of Matador Resources during the 4th quarter worth approximately $37,894,000. Finally, Yaupon Capital Management LP boosted its holdings in shares of Matador Resources by 565.4% during the 3rd quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock worth $36,770,000 after buying an additional 632,218 shares in the last quarter. 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.