Glenn Stetson Acquires 700 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources Company (NYSE:MTDR) EVP Glenn Stetson bought 700 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average price of $39.95 per share, with a total value of $27,965.00. Following the completion of the purchase, the executive vice president directly owned 94,652 shares of the company’s stock, valued at approximately $3,781,347.40. The trade was a 0.75% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Matador Resources Trading Down 0.6%

Shares of NYSE MTDR traded down $0.22 during trading on Monday, hitting $39.24. 1,967,395 shares of the company traded hands, compared to its average volume of 1,757,470. The firm has a market capitalization of $4.88 billion, a P/E ratio of 6.27 and a beta of 1.41. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average price of $45.48 and a 200-day moving average price of $46.29. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.04.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.14. Matador Resources had a return on equity of 14.80% and a net margin of 20.46%.The firm had revenue of $939.02 million for the quarter, compared to analysts’ expectations of $893.22 million. During the same quarter last year, the firm earned $1.89 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts predict that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, November 10th. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. Matador Resources’s dividend payout ratio (DPR) is presently 23.96%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. MCF Advisors LLC bought a new position in Matador Resources during the 1st quarter worth approximately $26,000. Kestra Investment Management LLC lifted its holdings in Matador Resources by 225.2% during the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after buying an additional 358 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Matador Resources by 298.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock worth $25,000 after buying an additional 400 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Matador Resources by 93.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock worth $26,000 after buying an additional 267 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in Matador Resources by 182.0% during the 2nd quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock worth $27,000 after buying an additional 364 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MTDR shares. Royal Bank Of Canada lifted their price target on shares of Matador Resources from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Mizuho reduced their price target on shares of Matador Resources from $69.00 to $67.00 and set an “outperform” rating on the stock in a research report on Friday, October 10th. KeyCorp reduced their price target on shares of Matador Resources from $61.00 to $52.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Wells Fargo & Company decreased their target price on Matador Resources from $71.00 to $61.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $55.00 target price (down previously from $63.00) on shares of Matador Resources in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.57.

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.