Matador Resources (NYSE:MTDR) Insider Van H. Singleton II Buys 1,000 Shares

Matador Resources (NYSE:MTDR) insider Van H. Singleton II bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average cost of $52.72 per share, with a total value of $52,720.00. Following the acquisition, the insider now directly owns 290,135 shares of the company’s stock, valued at approximately $15,295,917.20. This trade represents a 0.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $52.08 on Thursday. The stock’s 50-day moving average is $58.03 and its two-hundred day moving average is $55.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 7.29 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last issued 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). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The company had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. Analysts forecast that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.3125 per share. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 28th. This represents a $1.25 annualized dividend and a yield of 2.40%. Matador Resources’s dividend payout ratio is 17.51%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. TCTC Holdings LLC increased its holdings in shares of Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after acquiring an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after acquiring an additional 207 shares during the last quarter. ClearAlpha Technologies LP increased its holdings in shares of Matador Resources by 4.3% in the 3rd quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock valued at $259,000 after acquiring an additional 218 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Matador Resources by 3.1% in the 4th quarter. Atria Investments Inc now owns 8,188 shares of the energy company’s stock valued at $461,000 after acquiring an additional 249 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after acquiring an additional 256 shares during 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 a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a report on Wednesday, January 15th. TD Cowen boosted their price objective on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Benchmark reiterated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. Truist Financial upped their price target on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.