Insider Buying: Matador Resources (NYSE:MTDR) EVP Acquires 1,000 Shares of Stock

Matador Resources (NYSE:MTDR) EVP Glenn W. Stetson acquired 1,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of $53.06 per share, with a total value of $53,060.00. Following the acquisition, the executive vice president now owns 91,680 shares of the company’s stock, valued at $4,864,540.80. This trade represents a 1.10 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Matador Resources Stock Performance

MTDR stock opened at $53.38 on Tuesday. The company has a market capitalization of $6.66 billion, a P/E ratio of 7.48 and a beta of 3.22. The company has a 50-day simple moving average of $58.12 and a 200 day simple moving average of $55.81. Matador Resources has a fifty-two week low of $47.15 and a fifty-two 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.

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

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.3125 dividend. The ex-dividend date is Friday, February 28th. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a yield of 2.34%. Matador Resources’s payout ratio is 17.51%.

Institutional Investors Weigh In On Matador Resources

Several hedge funds and other institutional investors have recently bought and sold shares of MTDR. Altshuler Shaham Ltd bought a new stake in Matador Resources in the fourth quarter worth about $25,000. TCTC Holdings LLC raised its position 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 acquiring an additional 175 shares in the last quarter. EverSource Wealth Advisors LLC raised its position 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 acquiring an additional 256 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Matador Resources by 68.3% in the fourth 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. raised its position in Matador Resources by 359.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after acquiring an additional 453 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MTDR shares. Stephens boosted their price target on shares of Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Morgan Stanley started coverage on shares of Matador Resources in a report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target for the company. Wells Fargo & Company boosted their price target on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. TD Cowen boosted their price target on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Truist Financial boosted their price target on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.14.

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.