Matador Resources (NYSE:MTDR) Insider Acquires $106,420.00 in Stock

Matador Resources (NYSE:MTDR) insider Van H. Singleton II purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of $53.21 per share, with a total value of $106,420.00. Following the completion of the acquisition, the insider now owns 289,135 shares of the company’s stock, valued at $15,384,873.35. This trade represents a 0.70 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Matador Resources Trading Down 0.7 %

NYSE:MTDR opened at $52.08 on Thursday. The company’s 50 day moving average is $58.03 and its 200-day moving average is $55.76. 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 12 month low of $47.15 and a 12 month high of $71.08. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 7.29 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last announced its 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). The firm had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Equities analysts anticipate that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.3125 dividend. The ex-dividend date is Friday, February 28th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.40%. Matador Resources’s payout ratio is presently 17.51%.

Institutional Trading of Matador Resources

Hedge funds have recently added to or reduced their stakes in the business. American Trust increased its position in Matador Resources by 11.5% in the 4th quarter. American Trust now owns 6,280 shares of the energy company’s stock worth $353,000 after buying an additional 650 shares during the period. GF Fund Management CO. LTD. acquired a new stake in shares of Matador Resources in the fourth quarter worth $1,988,000. Neo Ivy Capital Management acquired a new stake in shares of Matador Resources in the fourth quarter worth $3,705,000. GTS Securities LLC increased its position in Matador Resources by 157.7% during the fourth quarter. GTS Securities LLC now owns 20,184 shares of the energy company’s stock worth $1,136,000 after acquiring an additional 12,353 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in Matador Resources during the 4th quarter valued at $68,000. Institutional investors own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

MTDR has been the subject of a number of research reports. Benchmark reissued a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Mizuho reduced their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. JPMorgan Chase & Co. cut their price target on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price target on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.14.

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.