Matador Resources (NYSE:MTDR) EVP William Thomas Elsener Purchases 900 Shares of Stock

Matador Resources Company (NYSE:MTDR) EVP William Elsener bought 900 shares of the company’s stock in a transaction on Thursday, November 5th. The shares were acquired at an average price of $51.48 per share, for a total transaction of $46,332.00. Following the completion of the acquisition, the executive vice president owned 115,779 shares in the company, valued at $5,960,302.92. This represents a 0.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

William Thomas Elsener also recently made the following trade(s):

• On Monday, August 10th, William Elsener bought 850 shares of Matador Resources stock. The shares were acquired at an average cost of $50.94 per share, for a total transaction of $43,299.00.

Matador Resources Trading Down 1.0%

NYSE:MTDR opened at $49.87 on Friday. The firm has a 50-day simple moving average of $56.33 and a 200-day simple moving average of $54.47. Matador Resources Company has a one year low of $37.74 and a one year high of $66.84. The firm has a market cap of $6.17 billion, a P/E ratio of 8.60 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.55.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, November 3rd. The energy company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.23. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.12 billion. Matador Resources had a net margin of 18.60% and a return on equity of 14.32%. The company’s quarterly revenue was up 33.9% on a year-over-year basis. During the same period last year, the firm earned $1.36 earnings per share. Equities analysts anticipate that Matador Resources Company will post 8.11 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.4375 per share. This is an increase from Matador Resources’s previous quarterly dividend of $0.3750. This represents a $1.75 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, November 10th. Matador Resources’s dividend payout ratio (DPR) is currently 25.73%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MTDR shares. Seaport Research Partners started coverage on Matador Resources in a research report on Thursday, September 3rd. They set a “neutral” rating on the stock. Stephens raised their price objective on Matador Resources from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Weiss Ratings raised Matador Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Truist Financial boosted their target price on shares of Matador Resources from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Stifel Nicolaus initiated coverage on shares of Matador Resources in a research report on Thursday, September 10th. They set a “buy” rating and a $66.00 price target for the company. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.50.

Key Stories Impacting Matador Resources

Here are the key news stories impacting Matador Resources this week:

• Positive Sentiment: CFO Christopher Calvert bought 2,000 shares for about $105,140, while CAO Benjamin Colodney purchased 500 shares for $25,760. The purchases increased their holdings by 4.55% and 3.82%, respectively, and may signal confidence from company insiders. Read More. · Read More.
• Positive Sentiment: Matador beat Q3 expectations, reporting EPS of $2.08 versus $1.85 expected and revenue of $1.39 billion versus $1.12 billion; revenue grew 33.9% year over year. The company also raised its quarterly dividend about 17%, to $0.4375 per share. Read More.
• Positive Sentiment: Truist raised its price target to $66 from $65 and maintained a Buy rating; Stifel Nicolaus also reaffirmed its Buy rating. Read More.
• Neutral Sentiment: Scotiabank reaffirmed its Hold rating, underscoring that analysts do not have a unanimous bullish view. Read More.
• Negative Sentiment: A Q3 review cited margin compression despite production growth, a potential concern that could offset some of the positive impact from the earnings beat. Read More.

Hedge Funds Weigh In On Matador Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC boosted its position in shares of Matador Resources by 935.4% in the 2nd quarter. Hsbc Holdings PLC now owns 56,096 shares of the energy company’s stock worth $2,824,000 after purchasing an additional 50,678 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in Matador Resources during the 2nd quarter valued at about $605,000. Quantbot Technologies LP acquired a new position in Matador Resources during the 2nd quarter valued at about $3,682,000. BlackRock Inc. acquired a new stake in Matador Resources in the second quarter worth about $573,936,000. Finally, Morningstar Investment Management LLC purchased a new stake in shares of Matador Resources during the first quarter worth about $2,630,000. 91.98% of the stock is owned by hedge funds and other institutional investors.

About Matador Resources

Matador Resources Company (NYSE: MTDR) is an independent energy company engaged in the exploration, development, production and acquisition of oil, natural gas and natural gas liquids. The company focuses primarily on unconventional, or shale, resource plays and operates across both upstream exploration and production and related midstream activities.

Matador’s principal exploration and production operations are located in the Delaware Basin in southeastern New Mexico and West Texas. Its midstream operations, conducted primarily through San Mateo Midstream, provide natural gas gathering and processing, crude oil and produced-water gathering, and water sourcing and disposal services that support the company’s operations and other producers in the region.

Founded in 2003 and headquartered in Dallas, Texas, Matador has historically expanded through development and acquisitions in U.S.