Insider Buying: Matador Resources (NYSE:MTDR) Director Acquires $15,030.00 in Stock

Matador Resources (NYSE:MTDR) Director Shelley F. Appel purchased 300 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were bought at an average price of $50.10 per share, for a total transaction of $15,030.00. Following the completion of the transaction, the director now owns 57,541 shares of the company’s stock, valued at $2,882,804.10. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Matador Resources Stock Performance

Shares of NYSE MTDR opened at $49.84 on Friday. Matador Resources has a 12-month low of $48.22 and a 12-month high of $71.08. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 6.83 and a beta of 3.27. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $57.26 and a 200 day moving average of $61.15.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.29. The company had revenue of $847.14 million for the quarter, compared to the consensus estimate of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. Matador Resources’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 earnings per share. On average, research analysts anticipate that Matador Resources will post 7.83 earnings per share for the current year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.61%. Matador Resources’s payout ratio is 10.96%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. M&T Bank Corp boosted its stake in Matador Resources by 10.2% during the fourth quarter. M&T Bank Corp now owns 6,658 shares of the energy company’s stock valued at $378,000 after buying an additional 616 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Matador Resources by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,480,882 shares of the energy company’s stock valued at $84,203,000 after acquiring an additional 52,005 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Matador Resources by 197.2% during the fourth quarter. BNP Paribas Financial Markets now owns 137,194 shares of the energy company’s stock valued at $7,801,000 after buying an additional 91,030 shares during the last quarter. Jump Financial LLC boosted its holdings in Matador Resources by 208.3% during the 4th quarter. Jump Financial LLC now owns 19,846 shares of the energy company’s stock valued at $1,128,000 after acquiring an additional 13,408 shares during the period. Finally, QRG Capital Management Inc. increased its stake in Matador Resources by 7.4% in the fourth quarter. QRG Capital Management Inc. now owns 4,422 shares of the energy company’s stock worth $251,000 after purchasing an additional 306 shares during the period. Institutional investors own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

MTDR has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Matador Resources in a research note on Thursday, July 25th. JPMorgan Chase & Co. decreased their target price on Matador Resources from $83.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday. TD Cowen boosted their price objective on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Capital One Financial upgraded shares of Matador Resources from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $80.00 to $84.00 in a research report on Thursday, July 25th. Finally, Benchmark reiterated a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.08.

Matador Resources Company Profile

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.