Matador Resources (NYSE:MTDR) CAO Acquires $57,576.00 in Stock

Matador Resources (NYSE:MTDR) CAO Robert T. Macalik bought 1,200 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $47.98 per share, with a total value of $57,576.00. Following the purchase, the chief accounting officer now owns 31,000 shares in the company, valued at $1,487,380. This trade represents a 4.03 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Matador Resources Price Performance

Shares of Matador Resources stock opened at $45.27 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The business’s 50 day simple moving average is $57.21 and its two-hundred day simple moving average is $55.34. The stock has a market capitalization of $5.67 billion, a P/E ratio of 6.34 and a beta of 3.17. Matador Resources has a one year low of $43.89 and a one year high of $71.08.

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

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.3125 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources’s payout ratio is 17.51%.

Hedge Funds Weigh In On Matador Resources

A number of large investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Matador Resources during the fourth quarter valued at approximately $7,529,000. American Trust increased its stake in shares of Matador Resources by 11.5% during the fourth quarter. American Trust now owns 6,280 shares of the energy company’s stock valued at $353,000 after buying an additional 650 shares during the period. GF Fund Management CO. LTD. purchased a new position in shares of Matador Resources during the fourth quarter valued at approximately $1,988,000. Neo Ivy Capital Management purchased a new position in shares of Matador Resources during the fourth quarter valued at approximately $3,705,000. Finally, GTS Securities LLC increased its stake in shares of Matador Resources by 157.7% during the fourth quarter. GTS Securities LLC now owns 20,184 shares of the energy company’s stock valued at $1,136,000 after buying an additional 12,353 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MTDR shares. Morgan Stanley started coverage on Matador Resources in a research report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target for the company. Stephens lifted their price target on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Mizuho dropped their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Benchmark reiterated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. Finally, Wells Fargo & Company lifted their price target on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.14.

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.