Matador Resources (NYSE:MTDR) Director Purchases $71,092.40 in Stock

Matador Resources Company (NYSE:MTDR) Director Shelley Appel bought 1,784 shares of Matador Resources stock in a transaction dated Thursday, October 30th. The shares were bought at an average cost of $39.85 per share, with a total value of $71,092.40. Following the completion of the transaction, the director directly owned 1,784 shares in the company, valued at approximately $71,092.40. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Matador Resources Stock Performance

Shares of Matador Resources stock traded down $0.22 on Monday, reaching $39.24. 1,967,395 shares of the company traded hands, compared to its average volume of 1,757,470. Matador Resources Company has a 52 week low of $35.19 and a 52 week high of $64.04. The company has a 50 day moving average of $45.48 and a 200 day moving average of $46.29. The firm has a market capitalization of $4.88 billion, a PE ratio of 6.27 and a beta of 1.41. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, October 21st. The energy company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.14. The company had revenue of $939.02 million for the quarter, compared to analysts’ expectations of $893.22 million. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. Matador Resources’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.89 EPS. Equities analysts forecast that Matador Resources Company 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, December 5th. Investors of record on Monday, November 10th will be paid 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 is currently 23.96%.

Hedge Funds Weigh In On Matador Resources

Several institutional investors and hedge funds have recently bought and sold shares of MTDR. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Matador Resources by 298.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock valued at $25,000 after buying an additional 400 shares during the period. Kestra Investment Management LLC boosted its stake in Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after acquiring an additional 358 shares in the last quarter. MCF Advisors LLC bought a new stake in Matador Resources during the first quarter worth about $26,000. MassMutual Private Wealth & Trust FSB boosted its stake in Matador Resources by 93.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock worth $26,000 after acquiring an additional 267 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Matador Resources by 182.0% during the second quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock worth $27,000 after acquiring an additional 364 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MTDR. William Blair assumed coverage on shares of Matador Resources in a research note on Monday, August 25th. They set an “outperform” rating on the stock. TD Cowen upgraded shares of Matador Resources to a “strong-buy” rating in a research note on Monday, July 7th. Bank of America lowered their target price on shares of Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday. Wells Fargo & Company decreased their price target on shares of Matador Resources from $71.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $55.00 price target (down previously from $63.00) on shares of Matador Resources in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.57.

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.