Matador Resources (NYSE:MTDR) Director Acquires $89,340.00 in Stock

Matador Resources (NYSE:MTDR) Director Timothy E. Parker purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $44.67 per share, with a total value of $89,340.00. Following the completion of the acquisition, the director now owns 83,790 shares in the company, valued at $3,742,899.30. This represents a 2.45 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Matador Resources Stock Performance

Shares of MTDR stock opened at $45.27 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. Matador Resources has a one year low of $43.89 and a one year high of $71.08. The company’s 50-day simple moving average is $57.21 and its 200-day simple moving average is $55.35. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 6.34 and a beta of 3.17.

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 company had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Equities analysts anticipate 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 will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a yield of 2.76%. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio (DPR) is currently 17.51%.

Hedge Funds Weigh In On Matador Resources

Large investors have recently bought and sold shares of the business. Altshuler Shaham Ltd bought a new position in Matador Resources in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its holdings in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after acquiring an additional 256 shares during the last quarter. TCTC Holdings LLC lifted its holdings in Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after acquiring an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after acquiring an additional 207 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in Matador Resources by 359.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after acquiring an additional 453 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MTDR. Truist Financial raised their target price on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Benchmark restated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Mizuho lowered their target price on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price for the company in a research note on Friday, January 3rd. Finally, TD Cowen raised their target price on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average 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.