Matador Resources (NYSE:MTDR) Director Shelley F. Appel Acquires 300 Shares

Matador Resources (NYSE:MTDR) Director Shelley F. Appel acquired 300 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average cost of $50.10 per share, for a total transaction of $15,030.00. Following the transaction, the director now owns 57,541 shares of the company’s stock, valued at approximately $2,882,804.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Matador Resources Stock Up 0.3 %

MTDR opened at $49.66 on Friday. The business has a 50 day moving average of $57.43 and a 200-day moving average of $61.23. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 6.80 and a beta of 3.27. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41. Matador Resources has a 1-year low of $48.22 and a 1-year high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly 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 company had revenue of $847.14 million for the quarter, compared to analyst estimates of $822.55 million. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The business’s quarterly revenue was up 32.8% on a year-over-year basis. During the same period last year, the business posted $1.42 EPS. As a group, sell-side analysts anticipate that Matador Resources will post 7.83 earnings per share for the current year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 annualized dividend and a yield of 1.61%. Matador Resources’s dividend payout ratio (DPR) is 10.96%.

Analyst Ratings Changes

MTDR has been the topic of a number of recent research reports. TD Cowen raised their price target on shares of Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Mizuho raised their target price on Matador Resources from $83.00 to $85.00 and gave the company a “buy” rating in a report on Friday, June 14th. JPMorgan Chase & Co. decreased their price target on Matador Resources from $83.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday. Benchmark reissued a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a report on Wednesday, July 24th. Finally, Wells Fargo & Company upped their target price on Matador Resources from $88.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.08.

Institutional Trading of Matador Resources

Hedge funds have recently modified their holdings of the company. M&T Bank Corp increased its position in shares of Matador Resources by 10.2% during the fourth quarter. M&T Bank Corp now owns 6,658 shares of the energy company’s stock valued at $378,000 after purchasing an additional 616 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Matador Resources by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,480,882 shares of the energy company’s stock valued at $84,203,000 after buying an additional 52,005 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Matador Resources by 197.2% in the 4th quarter. BNP Paribas Financial Markets now owns 137,194 shares of the energy company’s stock valued at $7,801,000 after buying an additional 91,030 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of Matador Resources by 208.3% during the 4th quarter. Jump Financial LLC now owns 19,846 shares of the energy company’s stock worth $1,128,000 after acquiring an additional 13,408 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of Matador Resources by 7.4% during the 4th quarter. QRG Capital Management Inc. now owns 4,422 shares of the energy company’s stock valued at $251,000 after acquiring an additional 306 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

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.