Billy E. Goodwin Acquires 1,000 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR – Get Rating) insider Billy E. Goodwin purchased 1,000 shares of Matador Resources stock in a transaction on Thursday, March 16th. The shares were acquired at an average cost of $44.52 per share, with a total value of $44,520.00. Following the completion of the transaction, the insider now directly owns 286,624 shares in the company, valued at approximately $12,760,500.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Matador Resources Price Performance

Matador Resources stock opened at $43.45 on Friday. The company’s fifty day moving average price is $58.51 and its 200 day moving average price is $59.86. Matador Resources has a 1 year low of $41.17 and a 1 year high of $73.78. The stock has a market capitalization of $5.17 billion, a P/E ratio of 4.29 and a beta of 3.55. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.83 and a current ratio of 1.86.

Matador Resources (NYSE:MTDR – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The energy company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.13. Matador Resources had a net margin of 39.71% and a return on equity of 44.14%. The firm had revenue of $707.48 million for the quarter, compared to analysts’ expectations of $651.11 million. During the same quarter last year, the company earned $1.26 EPS. As a group, equities research analysts anticipate that Matador Resources will post 8.62 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 9th. Shareholders of record on Monday, February 27th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 24th. This represents a $0.60 dividend on an annualized basis and a yield of 1.38%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.10. Matador Resources’s dividend payout ratio (DPR) is presently 5.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MTDR shares. Cowen raised their price objective on shares of Matador Resources from $67.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $78.00 price objective on shares of Matador Resources in a research note on Thursday, February 23rd. Roth Capital reaffirmed a “buy” rating on shares of Matador Resources in a research note on Friday, February 17th. Truist Financial dropped their price objective on shares of Matador Resources from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, February 23rd. Finally, StockNews.com initiated coverage on shares of Matador Resources in a research note on Thursday. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and a consensus target price of $71.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTDR. Fifth Third Bancorp lifted its holdings in Matador Resources by 104.5% in the 3rd quarter. Fifth Third Bancorp now owns 677 shares of the energy company’s stock valued at $33,000 after purchasing an additional 346 shares in the last quarter. Money Concepts Capital Corp lifted its holdings in Matador Resources by 202.6% in the 4th quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock valued at $39,000 after purchasing an additional 462 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Matador Resources by 46.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock valued at $42,000 after purchasing an additional 242 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Matador Resources by 144.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the energy company’s stock valued at $55,000 after purchasing an additional 661 shares in the last quarter. Finally, FourThought Financial LLC lifted its holdings in Matador Resources by 79.3% in the 3rd quarter. FourThought Financial LLC now owns 1,133 shares of the energy company’s stock valued at $55,000 after purchasing an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 87.00% of the company’s stock.

Matador Resources Company Profile

(Get Rating)

Matador Resources Co is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring.