Matador Resources (NYSE:MTDR) Director Buys $33,120.00 in Stock

Matador Resources (NYSE:MTDR) Director Paul W. Harvey bought 600 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of $55.20 per share, for a total transaction of $33,120.00. Following the purchase, the director now directly owns 27,917 shares in the company, valued at approximately $1,541,018.40. This represents a 2.20 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Matador Resources Stock Down 0.7 %

NYSE:MTDR opened at $52.08 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The firm has a market cap of $6.50 billion, a P/E ratio of 7.29 and a beta of 3.22. Matador Resources has a fifty-two week low of $47.15 and a fifty-two week high of $71.08. The firm has a 50-day simple moving average of $58.03 and a two-hundred day simple moving average of $55.76.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). The firm had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. Analysts predict that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.25 annualized dividend and a dividend yield of 2.40%. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is currently 17.51%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Matador Resources by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company’s stock worth $706,375,000 after buying an additional 187,633 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 during the last quarter. Victory Capital Management Inc. raised its stake in Matador Resources by 2.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock valued at $136,009,000 after buying an additional 72,077 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Matador Resources by 25.9% during the 4th quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock valued at $151,824,000 after buying an additional 555,245 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Matador Resources by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock worth $99,297,000 after buying an additional 36,921 shares during the last quarter. 91.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MTDR. Stephens lifted their price objective on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. lowered their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a research note on Wednesday, January 15th. Wells Fargo & Company increased their price objective on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, Benchmark restated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and an average target price of $75.14.

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.