Matador Resources (NYSE:MTDR) Director Susan M. Ward Acquires 2,000 Shares of Stock

Matador Resources (NYSE:MTDR) Director Susan M. Ward bought 2,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $52.81 per share, for a total transaction of $105,620.00. Following the acquisition, the director now directly owns 5,844 shares of the company’s stock, valued at approximately $308,621.64. The trade was a 52.03 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Matador Resources Stock Performance

MTDR stock opened at $52.08 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The company has a market cap of $6.50 billion, a P/E ratio of 7.29 and a beta of 3.22. The stock’s fifty day moving average price is $58.03 and its 200-day moving average price is $55.76.

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 the consensus estimate of $1.88 by ($0.05). The business had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. On average, equities analysts forecast that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.3125 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.25 annualized dividend and a dividend yield of 2.40%. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio (DPR) is 17.51%.

Institutional Investors Weigh In On Matador Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new stake in shares of Matador Resources in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC boosted its holdings in Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after buying an additional 256 shares during the period. TCTC Holdings LLC increased its stake in Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after buying an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Matador Resources by 68.3% during 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 period. Finally, SRS Capital Advisors Inc. raised its holdings in Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock valued at $33,000 after acquiring an additional 453 shares during the period. Institutional investors own 91.98% of the company’s stock.

Analysts Set New Price Targets

MTDR has been the subject of several recent analyst reports. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a research note on Friday, January 3rd. Stephens boosted their target price on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. TD Cowen lifted their price target 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. Benchmark reaffirmed a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.