Insider Buying: Matador Resources (NYSE:MTDR) EVP Purchases 1,500 Shares of Stock

Matador Resources Company (NYSE:MTDR) EVP Robert Macalik purchased 1,500 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was acquired at an average cost of $38.25 per share, for a total transaction of $57,375.00. Following the completion of the purchase, the executive vice president owned 35,039 shares in the company, valued at $1,340,241.75. The trade was a 4.47% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Matador Resources Stock Up 0.1%

Shares of MTDR stock opened at $39.38 on Monday. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.04. The business’s fifty day moving average is $44.37 and its 200-day moving average is $46.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. The stock has a market cap of $4.89 billion, a PE ratio of 6.31 and a beta of 1.35.

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

Matador Resources Increases Dividend

The company also recently declared 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, November 10th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.31. Matador Resources’s dividend payout ratio is currently 23.96%.

Analyst Upgrades and Downgrades

MTDR has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price objective on Matador Resources from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. KeyCorp lowered their target price on shares of Matador Resources from $61.00 to $52.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. UBS Group decreased their price target on shares of Matador Resources from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, October 23rd. Bank of America decreased their target price on shares of Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Morgan Stanley reduced their price target on shares of Matador Resources from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.57.

Hedge Funds Weigh In On Matador Resources

A number of institutional investors have recently made changes to their positions in MTDR. Vanguard Group Inc. grew its holdings 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 worth $664,105,000 after purchasing an additional 101,613 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Matador Resources by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,464,857 shares of the energy company’s stock worth $279,192,000 after purchasing an additional 20,134 shares in the last quarter. LSV Asset Management lifted its position in shares of Matador Resources by 5.9% in the third quarter. LSV Asset Management now owns 3,532,303 shares of the energy company’s stock valued at $158,706,000 after buying an additional 197,528 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in Matador Resources by 143.1% during the 2nd 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 buying an additional 1,505,000 shares during the period. Finally, Wellington Management Group LLP increased its stake in Matador Resources by 30.5% in 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 acquiring an additional 477,236 shares during the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

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.