Matador Resources (NYSE:MTDR) Director Acquires $15,396.00 in Stock

Matador Resources Company (NYSE:MTDR) Director Reynald Baribault acquired 400 shares of Matador Resources stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of $38.49 per share, with a total value of $15,396.00. Following the purchase, the director owned 6,915 shares in the company, valued at $266,158.35. The trade was a 6.14% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Matador Resources Trading Up 3.9%

Matador Resources stock opened at $39.43 on Friday. Matador Resources Company has a one year low of $35.19 and a one year high of $64.04. The company’s fifty day moving average price is $44.37 and its two-hundred day moving average price is $46.17. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 6.30 and a beta of 1.35.

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

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 10th will be paid a $0.375 dividend. The ex-dividend date 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 3.8%. Matador Resources’s dividend payout ratio is presently 23.96%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Matador Resources by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 14,780,888 shares of the energy company’s stock valued at $664,105,000 after buying an additional 101,613 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Matador Resources by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,464,857 shares of the energy company’s stock valued at $279,192,000 after acquiring an additional 20,134 shares during the period. LSV Asset Management raised its position in Matador Resources by 5.9% in the third quarter. LSV Asset Management now owns 3,532,303 shares of the energy company’s stock worth $158,706,000 after purchasing an additional 197,528 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake 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. Finally, Wellington Management Group LLP boosted its holdings in Matador Resources by 30.5% during the first quarter. Wellington Management Group LLP now owns 2,043,715 shares of the energy company’s stock valued at $104,413,000 after purchasing an additional 477,236 shares in the last quarter. 91.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

MTDR has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their target price on shares of Matador Resources from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. UBS Group dropped their price objective on Matador Resources from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Raymond James Financial restated an “outperform” rating and set a $55.00 target price (down previously from $63.00) on shares of Matador Resources in a research note on Monday, October 20th. KeyCorp dropped their price target on 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, William Blair assumed coverage on Matador Resources in a research report on Monday, August 25th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.