Matador Resources (NYSE:MTDR) Director Paul Harvey Acquires 800 Shares of Stock

Matador Resources Company (NYSE:MTDR) Director Paul Harvey purchased 800 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were acquired at an average cost of $40.30 per share, with a total value of $32,240.00. Following the acquisition, the director directly owned 15,767 shares in the company, valued at approximately $635,410.10. The trade was a 5.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Matador Resources Stock Down 0.6%

MTDR stock opened at $39.24 on Tuesday. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 6.27 and a beta of 1.41. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The business’s fifty day moving average price is $45.28 and its two-hundred day moving average price is $46.28.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The firm had revenue of $939.02 million for the quarter, compared to the consensus estimate of $893.22 million. During the same period in the prior year, the company posted $1.89 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 10th will be paid a $0.375 dividend. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, November 10th. Matador Resources’s payout ratio is presently 23.96%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $55.00 price objective (down from $63.00) on shares of Matador Resources in a research note on Monday, October 20th. Mizuho dropped their price target on Matador Resources from $69.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. Morgan Stanley lowered their target price on Matador Resources from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Royal Bank Of Canada upped their target price on Matador Resources from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Finally, William Blair started coverage on Matador Resources in a research report on Monday, August 25th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.57.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC purchased a new stake in shares of Matador Resources in the 1st quarter valued at about $26,000. Kestra Investment Management LLC raised its holdings in shares of Matador Resources by 225.2% during the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after buying an additional 358 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Matador Resources by 298.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock worth $25,000 after purchasing an additional 400 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Matador Resources by 93.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock worth $26,000 after purchasing an additional 267 shares during the period. Finally, Allworth Financial LP increased its stake in Matador Resources by 182.0% in the 2nd quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock worth $27,000 after purchasing an additional 364 shares during the period. Institutional investors own 91.98% of the company’s stock.

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.