Matador Resources (NYSE:MTDR) Director Paul W. Harvey Acquires 600 Shares

Matador Resources (NYSE:MTDR) Director Paul W. Harvey acquired 600 shares of Matador Resources stock in a transaction on Friday, February 21st. The shares were purchased at an average cost of $55.20 per share, for a total transaction of $33,120.00. Following the acquisition, the director now owns 27,917 shares in the company, valued at approximately $1,541,018.40. This represents a 2.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Matador Resources Trading Up 0.5 %

Shares of NYSE MTDR opened at $53.38 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The company’s fifty day moving average is $58.12 and its 200-day moving average is $55.81. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 7.48 and a beta of 3.22.

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

Matador Resources Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MTDR shares. Wells Fargo & Company boosted their target price on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Mizuho dropped their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Benchmark reaffirmed a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Wednesday, January 15th. Finally, Stephens increased their price objective on shares of Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.14.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MTDR. Altshuler Shaham Ltd bought a new stake in shares of Matador Resources during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC boosted its stake in Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after purchasing an additional 256 shares during the period. TCTC Holdings LLC increased its holdings in Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after purchasing an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after purchasing an additional 207 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock valued at $33,000 after purchasing an additional 453 shares during the period. Institutional investors own 91.98% of the company’s stock.

About Matador Resources

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.