Matador Resources (NYSE:MTDR) Director Buys $195,200.00 in Stock

Matador Resources Company (NYSE:MTDR) Director Susan Ward acquired 5,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $39.04 per share, for a total transaction of $195,200.00. Following the purchase, the director owned 14,923 shares of the company’s stock, valued at $582,593.92. The trade was a 50.39% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Matador Resources Stock Performance

Matador Resources stock traded down $1.58 during trading hours on Wednesday, hitting $37.18. The stock had a trading volume of 2,909,534 shares, compared to its average volume of 1,759,495. The company has a market cap of $4.62 billion, a PE ratio of 5.94 and a beta of 1.35. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The company has a 50-day moving average of $45.08 and a two-hundred day moving average of $46.26. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 0.55.

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

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.375 per share. This is a positive change from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, November 10th. Matador Resources’s dividend payout ratio is 23.96%.

Analyst Upgrades and Downgrades

MTDR has been the topic of several analyst reports. Mizuho lowered their price objective 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. UBS Group lowered their price target on Matador Resources from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, October 23rd. Wells Fargo & Company dropped their price objective on Matador Resources from $71.00 to $61.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Royal Bank Of Canada boosted their target price on shares of Matador Resources from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Finally, Morgan Stanley lowered their target price on shares of Matador Resources from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.57.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. MCF Advisors LLC bought a new stake in shares of Matador Resources during the first quarter worth approximately $26,000. Kestra Investment Management LLC lifted its stake in Matador Resources by 225.2% in the second 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 during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Matador Resources by 298.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock worth $25,000 after buying an additional 400 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Matador Resources by 93.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock worth $26,000 after buying an additional 267 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of Matador Resources by 182.0% during the 2nd quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock worth $27,000 after buying an additional 364 shares during the period. Institutional investors own 91.98% of the company’s stock.

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.