Matador Resources (NYSE:MTDR) EVP Buys $45,280.00 in Stock

Matador Resources (NYSE:MTDR) EVP William Thomas Elsener acquired 800 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the acquisition, the executive vice president now directly owns 102,964 shares of the company’s stock, valued at $5,827,762.40. The trade was a 0.78 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Matador Resources Trading Down 0.9 %

Shares of Matador Resources stock opened at $56.17 on Tuesday. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 7.44 and a beta of 3.26. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The company’s fifty day simple moving average is $55.53 and its 200-day simple moving average is $56.27. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The company had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. During the same quarter in the previous year, the firm posted $1.86 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts expect that Matador Resources will post 7.49 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.78%. Matador Resources’s dividend payout ratio is currently 13.25%.

Wall Street Analysts Forecast Growth

MTDR has been the topic of several analyst reports. Benchmark restated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research note on Wednesday, October 23rd. Stephens increased their target price on shares of Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Truist Financial reduced their price target on Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, September 30th. KeyCorp lowered their price objective on Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $75.00.

Institutional Trading of Matador Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Denver PWM LLC acquired a new stake in Matador Resources in the 2nd quarter valued at $27,000. True Wealth Design LLC acquired a new stake in Matador Resources during the 3rd quarter valued at $37,000. Avior Wealth Management LLC increased its stake in shares of Matador Resources by 329.0% in the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after buying an additional 635 shares in the last quarter. Quarry LP raised its stake in shares of Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after acquiring an additional 251 shares during the last quarter. Finally, Covestor Ltd raised its position in Matador Resources by 154.8% in the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock worth $52,000 after purchasing an additional 644 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

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.