Glenn W. Stetson Acquires 1,000 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) EVP Glenn W. Stetson acquired 1,000 shares of Matador Resources stock in a transaction on Friday, February 21st. The shares were purchased at an average cost of $53.06 per share, with a total value of $53,060.00. Following the completion of the acquisition, the executive vice president now owns 91,680 shares of the company’s stock, valued at $4,864,540.80. This trade represents a 1.10 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Matador Resources Trading Down 1.8 %

Shares of MTDR stock opened at $52.42 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08. The company has a market capitalization of $6.54 billion, a PE ratio of 7.34 and a beta of 3.22. The business’s fifty day moving average is $58.05 and its 200 day moving average is $55.79.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The business had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million. On average, equities research analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio (DPR) is 17.51%.

Institutional Investors Weigh In On Matador Resources

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Matador Resources by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company’s stock valued at $706,375,000 after purchasing an additional 187,633 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Matador Resources by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,444,723 shares of the energy company’s stock valued at $306,313,000 after purchasing an additional 30,184 shares in the last quarter. Victory Capital Management Inc. raised its position in Matador Resources by 2.7% during the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock valued at $136,009,000 after purchasing an additional 72,077 shares in the last quarter. Alliancebernstein L.P. raised its position in Matador Resources by 25.9% during the fourth quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock valued at $151,824,000 after purchasing an additional 555,245 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Matador Resources by 1.9% during the third quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock valued at $99,297,000 after purchasing an additional 36,921 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analyst Ratings Changes

MTDR has been the subject of several research reports. Benchmark reissued a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a report on Friday, January 17th. TD Cowen increased their price objective on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Mizuho reduced their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Morgan Stanley assumed coverage on Matador Resources in a report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price target for the company. Finally, Wells Fargo & Company raised their price target on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.14.

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.