Matador Resources (NYSE:MTDR) COO Glenn Stetson Buys 500 Shares

Matador Resources Company (NYSE:MTDR) COO Glenn Stetson bought 500 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was purchased at an average cost of $53.41 per share, with a total value of $26,705.00. Following the purchase, the chief operating officer owned 95,470 shares of the company’s stock, valued at $5,099,052.70. This represents a 0.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Matador Resources Stock Up 2.5%

Shares of MTDR opened at $55.10 on Thursday. The firm has a market cap of $6.84 billion, a P/E ratio of 14.16 and a beta of 0.74. Matador Resources Company has a 1 year low of $37.14 and a 1 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 stock has a 50 day simple moving average of $58.40 and a two-hundred day simple moving average of $51.30.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. The firm had revenue of $941.60 million during the quarter, compared to analyst estimates of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.99 earnings per share. On average, analysts forecast that Matador Resources Company will post 7.5 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MTDR shares. Roth Mkm reissued a “neutral” rating and set a $65.00 price objective (up from $52.00) on shares of Matador Resources in a research note on Wednesday, April 8th. BMO Capital Markets increased their price objective on Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. TD Cowen increased their price objective on Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th. Wells Fargo & Company increased their price objective on Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Finally, Mizuho increased their price objective on Matador Resources from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and an average price target of $65.08.

Hedge Funds Weigh In On Matador Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Investment Management LLC raised its holdings in shares of Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after acquiring an additional 358 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Matador Resources during the first quarter valued at approximately $27,000. Rothschild Investment LLC raised its holdings in shares of Matador Resources by 5,927.3% during the third quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock valued at $30,000 after acquiring an additional 652 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Matador Resources during the third quarter valued at approximately $35,000. Finally, Center for Financial Planning Inc. bought a new position in shares of Matador Resources during the first quarter valued at approximately $41,000. Institutional investors own 91.98% of the company’s stock.

About Matador Resources

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.