Insider Buying: Matador Resources (NYSE:MTDR) EVP Acquires $50,350.00 in Stock

Matador Resources (NYSE:MTDR) EVP Bryan A. Erman purchased 1,000 shares of Matador Resources stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $50.35 per share, for a total transaction of $50,350.00. Following the transaction, the executive vice president now directly owns 2,750 shares of the company’s stock, valued at $138,462.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Matador Resources Trading Up 0.6 %

Shares of NYSE MTDR opened at $49.49 on Thursday. The firm’s 50 day moving average price is $57.64 and its 200-day moving average price is $61.32. The company has a market cap of $6.18 billion, a PE ratio of 6.78 and a beta of 3.27. Matador Resources has a 52-week low of $48.22 and a 52-week high of $71.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.86.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.29. The firm had revenue of $847.14 million for the quarter, compared to the consensus estimate of $822.55 million. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The business’s revenue was up 32.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.42 earnings per share. On average, equities research analysts expect that Matador Resources will post 7.83 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.62%. Matador Resources’s dividend payout ratio is presently 10.96%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of Matador Resources in a research report on Thursday, July 25th. Wells Fargo & Company boosted their price target on shares of Matador Resources from $88.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Benchmark reiterated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research report on Wednesday, July 24th. Wolfe Research initiated coverage on shares of Matador Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $80.00 to $84.00 in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and an average target price of $78.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Matador Resources by 0.9% during the first quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company’s stock valued at $742,797,000 after purchasing an additional 103,713 shares during the period. Dimensional Fund Advisors LP lifted its position in Matador Resources by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock valued at $282,196,000 after purchasing an additional 356,506 shares during the period. Clearbridge Investments LLC lifted its position in Matador Resources by 10.5% during the second quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock valued at $134,102,000 after purchasing an additional 214,334 shares during the period. Goldman Sachs Group Inc. lifted its position in Matador Resources by 31.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock valued at $125,435,000 after purchasing an additional 531,504 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Matador Resources by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,480,882 shares of the energy company’s stock valued at $84,203,000 after purchasing an additional 52,005 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.