Monika U. Ehrman Purchases 300 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) Director Monika U. Ehrman bought 300 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $45.20 per share, for a total transaction of $13,560.00. Following the completion of the purchase, the director now directly owns 36,567 shares of the company’s stock, valued at approximately $1,652,828.40. This trade represents a 0.83 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Matador Resources Stock Performance

MTDR traded up $0.39 on Wednesday, hitting $47.39. 144,987 shares of the company traded hands, compared to its average volume of 1,285,603. The company has a 50 day moving average of $56.82 and a 200-day moving average of $55.19. Matador Resources has a 12-month low of $43.89 and a 12-month high of $71.08. The stock has a market capitalization of $5.93 billion, a PE ratio of 6.63 and a beta of 3.17. 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 (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The company had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. Sell-side analysts anticipate that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently declared 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 represents a $1.25 dividend on an annualized basis and a dividend yield of 2.64%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources’s payout ratio is 17.51%.

Institutional Investors Weigh In On Matador Resources

A number of institutional investors have recently added to or reduced their stakes in MTDR. LSV Asset Management boosted its stake in shares of Matador Resources by 262.0% in the fourth quarter. LSV Asset Management now owns 1,517,308 shares of the energy company’s stock valued at $85,364,000 after buying an additional 1,098,108 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in Matador Resources by 145.2% in the fourth quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company’s stock valued at $72,223,000 after acquiring an additional 760,122 shares during the period. Webs Creek Capital Management LP purchased a new stake in shares of Matador Resources during the 4th quarter worth $37,894,000. Yaupon Capital Management LP grew its stake in shares of Matador Resources by 565.4% during the 3rd quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock worth $36,770,000 after purchasing an additional 632,218 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of Matador Resources by 25.9% in the 4th quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock valued at $151,824,000 after purchasing an additional 555,245 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Stephens increased their target price on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Truist Financial upped their price target on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. Raymond James lowered their target price on shares of Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a report on Monday. Morgan Stanley initiated coverage on shares of Matador Resources in a research note on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target on the stock. Finally, TD Cowen boosted their price target on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Matador Resources currently has an average rating of “Moderate Buy” and an average price target of $74.60.

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.