Matador Resources (NYSE:MTDR) EVP Buys $53,060.00 in Stock

Matador Resources (NYSE:MTDR) EVP Glenn W. Stetson bought 1,000 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were bought at an average cost of $53.06 per share, with a total value of $53,060.00. Following the transaction, the executive vice president now directly owns 91,680 shares of the company’s stock, valued at approximately $4,864,540.80. This trade represents a 1.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Matador Resources Stock Performance

Shares of NYSE MTDR opened at $52.08 on Thursday. The business has a fifty day simple moving average of $58.03 and a 200 day simple moving average of $55.76. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 7.29 and a beta of 3.22. Matador Resources has a one year low of $47.15 and a one year high of $71.08.

Matador Resources (NYSE:MTDR) last issued its 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 during the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. Sell-side analysts expect that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on MTDR. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price for the company in a research report on Friday, January 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. Truist Financial upped their target price on Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Mizuho cut their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Finally, Morgan Stanley assumed coverage on Matador Resources in a report 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $75.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Altshuler Shaham Ltd bought a new position in shares of Matador Resources during the fourth quarter valued at $25,000. TCTC Holdings LLC lifted its holdings in shares of Matador Resources by 53.8% during the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after acquiring an additional 175 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Matador Resources by 108.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after acquiring an additional 256 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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. lifted its holdings in shares of 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. 91.98% of the stock is owned by institutional investors.

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.