Matador Resources (NYSE:MTDR) Director Robert Gaines Baty Acquires 500 Shares

Matador Resources (NYSE:MTDR) Director Robert Gaines Baty acquired 500 shares of the company’s stock in a transaction on Friday, September 13th. The stock was bought at an average price of $50.58 per share, for a total transaction of $25,290.00. Following the purchase, the director now owns 67,617 shares in the company, valued at approximately $3,420,067.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Matador Resources Stock Up 1.1 %

Shares of Matador Resources stock opened at $50.40 on Tuesday. Matador Resources has a 12-month low of $48.22 and a 12-month high of $71.08. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average price of $57.26 and a two-hundred day moving average price of $61.14. The stock has a market capitalization of $6.29 billion, a P/E ratio of 6.90 and a beta of 3.27.

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

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, August 15th. Matador Resources’s dividend payout ratio is currently 10.96%.

Hedge Funds Weigh In On Matador Resources

A number of institutional investors have recently made changes to their positions in MTDR. QRG Capital Management Inc. grew its holdings in Matador Resources by 7.4% in the 4th quarter. QRG Capital Management Inc. now owns 4,422 shares of the energy company’s stock valued at $251,000 after buying an additional 306 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Matador Resources in the fourth quarter worth $469,000. PNC Financial Services Group Inc. grew its stake in shares of Matador Resources by 2.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,797 shares of the energy company’s stock worth $614,000 after acquiring an additional 294 shares during the last quarter. Coldstream Capital Management Inc. increased its position in Matador Resources by 28.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 5,047 shares of the energy company’s stock worth $287,000 after acquiring an additional 1,122 shares during the period. Finally, Clearbridge Investments LLC raised its stake in Matador Resources by 0.4% during the 4th quarter. Clearbridge Investments LLC now owns 1,820,404 shares of the energy company’s stock valued at $103,508,000 after purchasing an additional 6,980 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MTDR shares. Mizuho dropped their price target on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday. TD Cowen upped their target price on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of Matador Resources in a report on Thursday, July 25th. Wells Fargo & Company boosted their price target on Matador Resources from $88.00 to $89.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Matador Resources from $83.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.17.

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.