Matador Resources (NYSE:MTDR) EVP Purchases $40,936.60 in Stock

Matador Resources Company (NYSE:MTDR) EVP Robert Macalik acquired 1,039 shares of the company’s stock in a transaction on Friday, October 31st. The shares were bought at an average price of $39.40 per share, for a total transaction of $40,936.60. Following the completion of the purchase, the executive vice president owned 33,539 shares in the company, valued at approximately $1,321,436.60. This represents a 3.20% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Matador Resources Stock Performance

NYSE MTDR opened at $37.96 on Friday. The company has a fifty day moving average price of $44.58 and a 200-day moving average price of $46.14. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 6.06 and a beta of 1.35. 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 1 year low of $35.19 and a 1 year high of $64.04.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The business had revenue of $939.02 million for the quarter, compared to analysts’ expectations of $893.22 million. During the same period in the previous year, the company earned $1.89 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict 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. Investors of record on Monday, November 10th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, November 10th. 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 dividend yield of 4.0%. Matador Resources’s dividend payout ratio (DPR) is 23.96%.

Institutional Investors Weigh In On Matador Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. boosted its position in Matador Resources by 143.1% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,556,472 shares of the energy company’s stock worth $121,995,000 after purchasing an additional 1,505,000 shares during the period. LSV Asset Management raised its position in shares of Matador Resources by 45.7% in the second quarter. LSV Asset Management now owns 3,334,775 shares of the energy company’s stock valued at $159,135,000 after purchasing an additional 1,045,396 shares during the period. Vanguard Group Inc. lifted its stake in shares of Matador Resources by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company’s stock valued at $690,310,000 after buying an additional 956,090 shares in the last quarter. Encompass Capital Advisors LLC bought a new position in Matador Resources in the 2nd quarter worth approximately $37,194,000. Finally, Nuveen LLC purchased a new position in Matador Resources in the 1st quarter valued at approximately $35,715,000. 91.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MTDR shares. Wells Fargo & Company cut their price objective on Matador Resources from $71.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Matador Resources in a report on Tuesday, October 14th. Royal Bank Of Canada increased their price target on shares of Matador Resources from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. KeyCorp lowered their price objective on shares of Matador Resources from $61.00 to $52.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Finally, Mizuho dropped their target price on shares of Matador Resources from $69.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and an average price target of $63.57.

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.