Paul W. Harvey Buys 600 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) Director Paul W. Harvey bought 600 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of $55.20 per share, with a total value of $33,120.00. Following the completion of the transaction, the director now owns 27,917 shares of the company’s stock, valued at $1,541,018.40. This represents a 2.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Matador Resources Stock Down 0.7 %

Shares of NYSE:MTDR opened at $52.08 on Thursday. The stock has a market capitalization of $6.50 billion, a P/E ratio of 7.29 and a beta of 3.22. The stock’s 50-day moving average price is $58.03 and its 200-day moving average price is $55.76. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (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. On average, equities analysts anticipate that Matador Resources will post 8.53 earnings per share 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 issued a dividend of $0.3125 per share. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources’s dividend payout ratio is currently 17.51%.

Wall Street Analysts Forecast Growth

MTDR has been the subject of a number of research analyst reports. Stephens lifted their price target on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Wolfe Research upgraded shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price for the company in a research report on Friday, January 3rd. Morgan Stanley began coverage on shares of Matador Resources in a report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. cut their target price on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.14.

Institutional Investors Weigh In On Matador Resources

Institutional investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in shares of Matador Resources in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 256 shares during the last quarter. TCTC Holdings LLC increased its holdings in Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after purchasing an additional 175 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after purchasing an additional 207 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after buying an additional 453 shares during the period. Hedge funds and other 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.