Insider Buying: Matador Resources (NYSE:MTDR) Director Buys 2,000 Shares of Stock

Matador Resources (NYSE:MTDR) Director Susan M. Ward bought 2,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were bought at an average price of $52.81 per share, for a total transaction of $105,620.00. Following the transaction, the director now owns 5,844 shares of the company’s stock, valued at approximately $308,621.64. This represents a 52.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Matador Resources Price Performance

Shares of NYSE MTDR traded down $0.38 during mid-day trading on Wednesday, reaching $52.08. 2,252,815 shares of the company were exchanged, compared to its average volume of 1,149,498. The company’s 50 day moving average price is $58.05 and its 200 day moving average price is $55.79. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $6.50 billion, a PE ratio of 7.29 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The business had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. Sell-side analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.3125 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.25 annualized dividend and a dividend yield of 2.40%. Matador Resources’s dividend payout ratio (DPR) is currently 17.51%.

Wall Street Analyst Weigh In

MTDR has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. TD Cowen upped their price target on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. cut their price objective on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Stephens upped their target price on shares of Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Truist Financial increased their target price on shares of Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.14.

Institutional Investors Weigh In On Matador Resources

A number of large investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in shares of Matador Resources during the fourth quarter valued at approximately $25,000. TCTC Holdings LLC grew its stake in Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after purchasing an additional 175 shares during the period. EverSource Wealth Advisors LLC grew its stake in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after purchasing an additional 256 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after acquiring an additional 207 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in shares of Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock valued at $33,000 after purchasing an additional 453 shares in the last quarter. 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.