Matador Resources (NYSE:MTDR) CAO Purchases $13,352.50 in Stock

Matador Resources Company (NYSE:MTDR) CAO Benjamin Colodney purchased 250 shares of the stock in a transaction dated Friday, May 29th. The shares were purchased at an average cost of $53.41 per share, for a total transaction of $13,352.50. Following the completion of the acquisition, the chief accounting officer directly owned 2,650 shares in the company, valued at approximately $141,536.50. This trade represents a 10.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Matador Resources Trading Down 1.5%

NYSE:MTDR opened at $55.68 on Friday. Matador Resources Company has a one year low of $37.14 and a one year high of $66.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 14.31 and a beta of 0.74. The business has a fifty day moving average price of $59.16 and a 200-day moving average price of $50.92.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business had revenue of $941.60 million during the quarter, compared to analyst estimates of $871.57 million. During the same quarter in the prior year, the business posted $1.99 EPS. Matador Resources’s revenue for the quarter was down 33.8% compared to the same quarter last year. Sell-side analysts forecast that Matador Resources Company will post 7.36 EPS for the current year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.7%. Matador Resources’s payout ratio is 38.56%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MTDR. CIBC Bancorp USA Inc. acquired a new stake in Matador Resources in the 3rd quarter valued at about $61,615,000. Wellington Management Group LLP boosted its position in shares of Matador Resources by 65.0% during the 4th quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company’s stock worth $144,558,000 after purchasing an additional 1,342,145 shares during the period. Encompass Capital Advisors LLC purchased a new position in shares of Matador Resources during the 4th quarter worth approximately $53,249,000. First Trust Advisors LP boosted its position in Matador Resources by 103.3% in the 1st quarter. First Trust Advisors LP now owns 1,595,415 shares of the energy company’s stock valued at $100,798,000 after buying an additional 810,808 shares during the period. Finally, Balyasny Asset Management L.P. boosted its position in Matador Resources by 2,495.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 552,856 shares of the energy company’s stock valued at $23,463,000 after buying an additional 531,551 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MTDR. TD Cowen boosted their price objective on shares of Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 17th. Wells Fargo & Company boosted their price objective on shares of Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Weiss Ratings lowered shares of Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Morgan Stanley boosted their price objective on shares of Matador Resources from $73.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Finally, UBS Group boosted their price objective on shares of Matador Resources from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.08.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.