Matador Resources (NYSE:MTDR) Insider Purchases $106,420.00 in Stock

Matador Resources (NYSE:MTDR) insider Van H. Singleton II purchased 2,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $53.21 per share, for a total transaction of $106,420.00. Following the completion of the acquisition, the insider now owns 289,135 shares in the company, valued at $15,384,873.35. This represents a 0.70 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Matador Resources Stock Up 0.5 %

NYSE MTDR opened at $53.38 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 7.48 and a beta of 3.22. The company has a fifty day moving average of $58.12 and a two-hundred day moving average of $55.81.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The firm had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. On average, analysts predict that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.3125 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.34%. Matador Resources’s dividend payout ratio is currently 17.51%.

Institutional Investors Weigh In On Matador Resources

Several hedge funds and other institutional investors have recently modified their holdings of MTDR. American Trust lifted its holdings in Matador Resources by 11.5% during the 4th quarter. American Trust now owns 6,280 shares of the energy company’s stock valued at $353,000 after buying an additional 650 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Matador Resources during the fourth quarter worth approximately $1,988,000. Neo Ivy Capital Management bought a new stake in shares of Matador Resources during the fourth quarter valued at approximately $3,705,000. GTS Securities LLC boosted its holdings in shares of Matador Resources by 157.7% in the fourth quarter. GTS Securities LLC now owns 20,184 shares of the energy company’s stock valued at $1,136,000 after purchasing an additional 12,353 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in Matador Resources in the fourth quarter worth approximately $68,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price target on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. TD Cowen increased their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley assumed coverage on Matador Resources in a research note on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target for the company. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.14.

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.