Insider Buying: Matador Resources (NYSE:MTDR) Director Acquires $105,620.00 in Stock

Matador Resources (NYSE:MTDR) Director Susan M. Ward acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of $52.81 per share, with a total value of $105,620.00. Following the acquisition, the director now directly owns 5,844 shares in the company, valued at $308,621.64. This represents a 52.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Matador Resources Trading Down 0.4 %

Shares of MTDR stock opened at $52.31 on Friday. The firm has a 50 day moving average price of $58.02 and a two-hundred day moving average price of $55.74. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $6.53 billion, a PE ratio of 7.33 and a beta of 3.22. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08.

Matador Resources (NYSE:MTDR) last released 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 net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. As a group, analysts predict that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 28th. Matador Resources’s payout ratio is presently 17.51%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MTDR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research note on Wednesday, January 15th. Mizuho cut their target price on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. 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 note on Friday, January 3rd. Truist Financial raised their target price on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Benchmark reiterated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.14.

Institutional Investors Weigh In On Matador Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. TCTC Holdings LLC raised its position in shares of Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after buying an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after buying an additional 207 shares in the last quarter. ClearAlpha Technologies LP raised its position in shares of Matador Resources by 4.3% in the third quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock valued at $259,000 after buying an additional 218 shares in the last quarter. Atria Investments Inc increased its stake in Matador Resources by 3.1% in the fourth quarter. Atria Investments Inc now owns 8,188 shares of the energy company’s stock valued at $461,000 after acquiring an additional 249 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after acquiring an additional 256 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.