Matador Resources (NYSE:MTDR) Director Monika U. Ehrman Buys 300 Shares

Matador Resources (NYSE:MTDR) Director Monika U. Ehrman bought 300 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $45.20 per share, with a total value of $13,560.00. Following the completion of the purchase, the director now directly owns 36,567 shares of the company’s stock, valued at $1,652,828.40. This represents a 0.83 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Matador Resources Stock Up 3.6 %

MTDR opened at $48.61 on Friday. Matador Resources has a fifty-two week low of $43.89 and a fifty-two week high of $71.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The company has a market capitalization of $6.09 billion, a P/E ratio of 6.81 and a beta of 3.17. The stock has a fifty day moving average of $56.44 and a 200-day moving average of $55.09.

Matador Resources (NYSE:MTDR) last posted its 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. On average, equities analysts expect that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is 17.51%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. 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. TD Cowen raised their target price on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research note on Wednesday, January 15th. Morgan Stanley assumed coverage on Matador Resources in a report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target for the company. Finally, Mizuho cut their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and an average price target of $74.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MTDR. Altshuler Shaham Ltd acquired a new position in Matador Resources in the fourth quarter valued at about $25,000. TCTC Holdings LLC raised its stake in 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 purchasing an additional 175 shares in the last quarter. EverSource Wealth Advisors LLC raised 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 purchasing an additional 256 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in 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 acquiring an additional 207 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after acquiring an additional 453 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

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.