Matador Resources (NYSE:MTDR) COO Glenn Stetson Acquires 500 Shares of Stock

Matador Resources Company (NYSE:MTDR) COO Glenn Stetson acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average cost of $53.94 per share, for a total transaction of $26,970.00. Following the purchase, the chief operating officer directly owned 94,970 shares in the company, valued at $5,122,681.80. This trade represents a 0.53% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $56.06 on Tuesday. The firm has a market cap of $6.96 billion, a PE ratio of 14.41 and a beta of 0.75. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. Matador Resources Company has a 1-year low of $37.14 and a 1-year high of $66.84. The company has a fifty day moving average price of $59.36 and a 200 day moving average price of $50.59.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.29. The firm had revenue of $941.60 million during the quarter, compared to analyst estimates of $871.57 million. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The company’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.99 EPS. Research analysts predict that Matador Resources Company will post 7.36 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.50 dividend on an annualized basis and a yield of 2.7%. Matador Resources’s dividend payout ratio is presently 38.56%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MTDR shares. UBS Group upped their target price on shares of Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Citigroup reduced their target price on shares of Matador Resources from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. TD Cowen upped their target price on shares of Matador Resources from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, March 17th. Zacks Research lowered shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $65.00 target price (up from $52.00) on shares of Matador Resources in a research note on Wednesday, April 8th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.08.

Institutional Investors Weigh In On Matador Resources

Institutional investors and hedge funds have recently modified their holdings of the company. Kestra Investment Management LLC raised its holdings in shares of Matador Resources by 225.2% in the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after purchasing an additional 358 shares during the period. V Square Quantitative Management LLC acquired a new stake in Matador Resources during the first quarter worth approximately $27,000. Rothschild Investment LLC lifted its position in Matador Resources by 5,927.3% during the third quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after acquiring an additional 652 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Matador Resources during the third quarter worth approximately $35,000. Finally, Center for Financial Planning Inc. acquired a new stake in Matador Resources during the first quarter worth approximately $41,000. 91.98% of the stock is owned by institutional investors.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.