Matador Resources (NYSE:MTDR) CFO Brian J. Willey Acquires 450 Shares

Matador Resources (NYSE:MTDR) CFO Brian J. Willey bought 450 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $53.06 per share, for a total transaction of $23,877.00. Following the completion of the purchase, the chief financial officer now directly owns 1,950 shares in the company, valued at $103,467. The trade was a 30.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Matador Resources Price Performance

NYSE:MTDR opened at $52.31 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The company has a 50-day moving average of $58.02 and a 200-day moving average of $55.74. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 7.33 and a beta of 3.22.

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 business had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. As a group, equities research analysts anticipate that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Friday, February 28th. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is currently 17.51%.

Hedge Funds Weigh In On Matador Resources

Institutional investors have recently added to or reduced their stakes in the company. TCTC Holdings LLC grew its position in Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after acquiring an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake 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 purchasing an additional 207 shares in the last quarter. ClearAlpha Technologies LP grew its holdings in shares of Matador Resources by 4.3% during the third quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock worth $259,000 after purchasing an additional 218 shares during the last quarter. Atria Investments Inc raised its holdings in shares of Matador Resources by 3.1% in the fourth quarter. Atria Investments Inc now owns 8,188 shares of the energy company’s stock valued at $461,000 after buying an additional 249 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after buying an additional 256 shares in the last quarter. 91.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MTDR. TD Cowen boosted their target price on shares of Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Mizuho decreased their target price on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Truist Financial lifted their price target on Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a research report on Wednesday, January 15th. Finally, Morgan Stanley began coverage on shares of Matador Resources in a research report on Friday, January 10th. They set an “equal weight” rating and a $78.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.