Matador Resources (NYSE:MTDR) EVP Acquires $22,890.00 in Stock

Matador Resources (NYSE:MTDR – Get Rating) EVP William Thomas Elsener acquired 500 shares of the business’s stock in a transaction on Wednesday, March 15th. The stock was bought at an average cost of $45.78 per share, for a total transaction of $22,890.00. Following the completion of the transaction, the executive vice president now directly owns 92,201 shares of the company’s stock, valued at $4,220,961.78. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Matador Resources Trading Down 4.7 %

NYSE MTDR opened at $43.45 on Friday. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 4.29 and a beta of 3.55. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.86 and a quick ratio of 1.83. Matador Resources has a 12 month low of $41.17 and a 12 month high of $73.78. The company’s fifty day moving average price is $58.51 and its two-hundred day moving average price is $59.86.

Matador Resources (NYSE:MTDR – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The energy company reported $2.08 EPS for the quarter, topping the consensus estimate of $1.95 by $0.13. The business had revenue of $707.48 million for the quarter, compared to analysts’ expectations of $651.11 million. Matador Resources had a net margin of 39.71% and a return on equity of 44.14%. During the same quarter last year, the company posted $1.26 earnings per share. As a group, research analysts predict that Matador Resources will post 8.72 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 9th. Stockholders of record on Monday, February 27th were given a $0.15 dividend. This is a positive change from Matador Resources’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, February 24th. This represents a $0.60 annualized dividend and a dividend yield of 1.38%. Matador Resources’s dividend payout ratio (DPR) is presently 5.92%.

Analyst Ratings Changes

Several equities research analysts recently commented on MTDR shares. Cowen raised their target price on Matador Resources from $67.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, January 25th. Roth Capital reiterated a “buy” rating on shares of Matador Resources in a research note on Friday, February 17th. Truist Financial decreased their target price on shares of Matador Resources from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, February 23rd. KeyCorp lowered their price target on shares of Matador Resources from $73.00 to $67.00 in a report on Monday, February 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $78.00 price objective on shares of Matador Resources in a research report on Thursday, February 23rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.25.

Institutional Investors Weigh In On Matador Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. Baird Financial Group Inc. bought a new stake in Matador Resources during the second quarter valued at $1,767,000. Renaissance Technologies LLC lifted its holdings in shares of Matador Resources by 237.4% in the 2nd quarter. Renaissance Technologies LLC now owns 365,400 shares of the energy company’s stock worth $17,024,000 after purchasing an additional 257,100 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Matador Resources by 483.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 92,806 shares of the energy company’s stock valued at $4,324,000 after purchasing an additional 76,913 shares during the period. Prudential PLC grew its stake in Matador Resources by 23.7% during the 3rd quarter. Prudential PLC now owns 16,507 shares of the energy company’s stock worth $808,000 after buying an additional 3,168 shares during the last quarter. Finally, BlueCrest Capital Management Ltd increased its position in Matador Resources by 39.2% in the third quarter. BlueCrest Capital Management Ltd now owns 198,582 shares of the energy company’s stock worth $9,715,000 after buying an additional 55,928 shares during the period. 87.00% of the stock is owned by institutional investors and hedge funds.

Matador Resources Company Profile

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Matador Resources Co is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring.