Matador Resources (NYSE:MTDR) Director Susan M. Ward Acquires 2,000 Shares

Matador Resources (NYSE:MTDR) Director Susan M. Ward purchased 2,000 shares of Matador Resources stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $52.81 per share, for a total transaction of $105,620.00. Following the transaction, the director now directly owns 5,844 shares of the company’s stock, valued at approximately $308,621.64. This represents a 52.03 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $52.48 on Friday. The firm has a market capitalization of $6.55 billion, a P/E ratio of 7.35 and a beta of 3.22. 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 52 week low of $47.15 and a 52 week high of $71.08. The firm’s 50 day moving average is $58.02 and its two-hundred day moving average is $55.74.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, February 18th. The energy company reported $1.83 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 company had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million. Research analysts forecast 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. Stockholders of record on Friday, February 28th will be issued a $0.3125 dividend. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Friday, February 28th. Matador Resources’s payout ratio is presently 17.51%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MTDR. 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 research note on Friday, January 3rd. Truist Financial upped their price objective on Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Benchmark reiterated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Friday, January 17th. Stephens upped their price target on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, TD Cowen lifted their price objective 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 investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.14.

Institutional Trading of Matador Resources

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Matador Resources by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company’s stock valued at $706,375,000 after buying an additional 187,633 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Matador Resources by 0.6% during the fourth 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 during the period. Victory Capital Management Inc. lifted its stake in shares of Matador Resources by 2.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock worth $136,009,000 after acquiring an additional 72,077 shares during the period. Alliancebernstein L.P. boosted its holdings in Matador Resources by 25.9% in the 4th quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock valued at $151,824,000 after purchasing an additional 555,245 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Matador Resources by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock worth $99,297,000 after purchasing an additional 36,921 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

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.