Insider Buying: Matador Resources (NYSE:MTDR) Insider Purchases $106,420.00 in Stock

Matador Resources (NYSE:MTDR) insider Van H. Singleton II bought 2,000 shares of Matador Resources stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of $53.21 per share, with a total value of $106,420.00. Following the acquisition, the insider now owns 289,135 shares in the company, valued at approximately $15,384,873.35. This represents a 0.70 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Matador Resources Trading Up 0.7 %

Shares of Matador Resources stock opened at $52.48 on Friday. 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 has a market capitalization of $6.55 billion, a PE ratio of 7.35 and a beta of 3.22. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The company’s fifty day simple moving average is $58.02 and its 200-day simple moving average is $55.74.

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

Matador Resources Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, February 28th. 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 dividend yield of 2.38%. Matador Resources’s payout ratio is 17.51%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MTDR shares. Wells Fargo & Company lifted their price objective on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Wolfe Research upgraded shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target for the company in a research note on Friday, January 3rd. Mizuho lowered their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Stephens raised their target price on shares of Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Morgan Stanley started coverage on shares of Matador Resources in a research note on Friday, January 10th. They set an “equal weight” rating and a $78.00 target price for the company. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and an average price target of $75.14.

Institutional Investors Weigh In On Matador Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTDR. Vanguard Group Inc. boosted its position in shares of Matador Resources by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company’s stock worth $706,375,000 after purchasing an additional 187,633 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Matador Resources by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,444,723 shares of the energy company’s stock valued at $306,313,000 after buying an additional 30,184 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in 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 buying 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 worth $151,824,000 after buying an additional 555,245 shares during the period. Finally, Geode Capital Management LLC increased its stake in Matador Resources by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock worth $99,297,000 after buying an additional 36,921 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

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.