Glenn W. Stetson Acquires 1,000 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) EVP Glenn W. Stetson purchased 1,000 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average price of $53.06 per share, with a total value of $53,060.00. Following the completion of the purchase, the executive vice president now directly owns 91,680 shares in the company, valued at $4,864,540.80. This trade represents a 1.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Matador Resources Stock Down 1.8 %

Shares of Matador Resources stock opened at $52.42 on Wednesday. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The stock’s 50-day moving average is $58.05 and its 200 day moving average is $55.79. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 7.34 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. Equities research analysts anticipate that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.3125 per share. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources’s dividend payout ratio is 17.51%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley assumed coverage on Matador Resources in a report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price objective for the company. TD Cowen boosted their price target on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company boosted their price objective on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research report on Wednesday, January 15th. Finally, Mizuho reduced their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.14.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MTDR. LSV Asset Management raised its stake in Matador Resources by 262.0% during the 4th quarter. LSV Asset Management now owns 1,517,308 shares of the energy company’s stock worth $85,364,000 after buying an additional 1,098,108 shares during the period. Boston Trust Walden Corp purchased a new stake in shares of Matador Resources in the third quarter worth approximately $51,788,000. Copeland Capital Management LLC raised its stake in shares of Matador Resources by 145.2% in the fourth quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company’s stock worth $72,223,000 after purchasing an additional 760,122 shares during the last quarter. Webs Creek Capital Management LP purchased a new stake in shares of Matador Resources in the fourth quarter worth approximately $37,894,000. Finally, Yaupon Capital Management LP raised its stake in shares of Matador Resources by 565.4% in the third quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock worth $36,770,000 after purchasing an additional 632,218 shares during the last quarter. 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.