Matador Resources (NYSE:MTDR) Director Timothy E. Parker Buys 2,000 Shares

Matador Resources (NYSE:MTDR) Director Timothy E. Parker acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $44.67 per share, with a total value of $89,340.00. Following the transaction, the director now owns 83,790 shares in the company, valued at approximately $3,742,899.30. This trade represents a 2.45 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Matador Resources Stock Down 1.3 %

Shares of NYSE:MTDR opened at $45.84 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Matador Resources has a 12 month low of $43.89 and a 12 month high of $71.08. The company has a 50-day moving average price of $57.74 and a 200 day moving average price of $55.57. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 6.42 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). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. As a group, equities research analysts predict that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.25 annualized dividend and a yield of 2.73%. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

Institutional Trading of Matador Resources

Several institutional investors have recently added to or reduced their stakes in MTDR. LSV Asset Management lifted its stake in Matador Resources by 262.0% in the fourth quarter. LSV Asset Management now owns 1,517,308 shares of the energy company’s stock worth $85,364,000 after purchasing an additional 1,098,108 shares during the last quarter. Copeland Capital Management LLC raised its stake in shares of Matador Resources by 145.2% during the fourth quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company’s stock valued at $72,223,000 after acquiring an additional 760,122 shares in the last quarter. Webs Creek Capital Management LP bought a new stake in shares of Matador Resources during the fourth quarter valued at approximately $37,894,000. Yaupon Capital Management LP raised its stake in shares of Matador Resources by 565.4% during the third quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock valued at $36,770,000 after acquiring an additional 632,218 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Matador Resources by 25.9% during the fourth quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock valued at $151,824,000 after acquiring an additional 555,245 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MTDR. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a research report on Friday, January 3rd. TD Cowen increased their price target on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Morgan Stanley initiated coverage on Matador Resources in a research note on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price target for the company. Stephens increased their price target on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a research note on Wednesday, January 15th. One investment 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 company currently has an average rating of “Moderate Buy” and a consensus target price 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.