Matador Resources (NYSE:MTDR) Insider Billy E. Goodwin Acquires 1,000 Shares

Matador Resources (NYSE:MTDR – Get Rating) insider Billy E. Goodwin bought 1,000 shares of Matador Resources stock in a transaction dated Thursday, March 16th. The stock was purchased at an average price of $44.52 per share, with a total value of $44,520.00. Following the purchase, the insider now directly owns 286,624 shares in the company, valued at approximately $12,760,500.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Matador Resources Price Performance

MTDR traded down $2.15 during midday trading on Friday, reaching $43.45. 3,141,278 shares of the company’s stock were exchanged, compared to its average volume of 1,273,426. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.86 and a quick ratio of 1.83. The stock has a market capitalization of $5.17 billion, a PE ratio of 4.29 and a beta of 3.55. The business’s 50-day moving average price is $58.51 and its 200 day moving average price is $59.86. Matador Resources has a 1-year low of $41.17 and a 1-year high of $73.78.

Matador Resources (NYSE:MTDR – Get Rating) last announced its earnings results on Wednesday, February 22nd. The energy company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.13. The company had revenue of $707.48 million during the quarter, compared to analysts’ expectations of $651.11 million. Matador Resources had a net margin of 39.71% and a return on equity of 44.14%. During the same quarter in the previous year, the business posted $1.26 earnings per share. As a group, equities analysts anticipate that Matador Resources will post 8.72 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 9th. Shareholders of record on Monday, February 27th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 24th. This represents a $0.60 dividend on an annualized basis and a yield of 1.38%. This is a boost from Matador Resources’s previous quarterly dividend of $0.10. Matador Resources’s payout ratio is presently 5.92%.

Wall Street Analyst Weigh In

Several analysts have recently commented on MTDR shares. Royal Bank of Canada restated an “outperform” rating and issued a $78.00 target price on shares of Matador Resources in a research note on Thursday, February 23rd. Cowen raised their target price on shares of Matador Resources from $67.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 25th. StockNews.com assumed coverage on shares of Matador Resources in a research note on Thursday. They issued a “hold” rating for the company. Mizuho reduced their price objective on shares of Matador Resources from $72.00 to $66.00 in a research note on Friday, March 10th. Finally, KeyCorp reduced their price objective on shares of Matador Resources from $73.00 to $67.00 in a research note on Monday, February 27th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and a consensus price target of $71.25.

Hedge Funds Weigh In On Matador Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTDR. Rockefeller Capital Management L.P. grew its holdings in shares of Matador Resources by 46.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock worth $42,000 after buying an additional 242 shares in the last quarter. Goehring & Rozencwajg Associates LLC purchased a new stake in shares of Matador Resources during the fourth quarter worth about $11,120,000. Voya Investment Management LLC grew its holdings in shares of Matador Resources by 3.5% during the fourth quarter. Voya Investment Management LLC now owns 497,653 shares of the energy company’s stock worth $28,486,000 after buying an additional 16,831 shares in the last quarter. Trust Investment Advisors purchased a new stake in shares of Matador Resources during the fourth quarter worth about $392,000. Finally, Natixis purchased a new stake in shares of Matador Resources during the fourth quarter worth about $4,322,000. Institutional investors and hedge funds own 87.00% of the company’s stock.

About Matador Resources

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Matador Resources Co is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring.