Matador Resources (NYSE:MTDR) EVP Glenn W. Stetson Acquires 1,000 Shares of Stock

Matador Resources (NYSE:MTDR) EVP Glenn W. Stetson purchased 1,000 shares of Matador Resources stock in a transaction on Friday, February 21st. The shares were acquired at an average cost of $53.06 per share, for a total transaction of $53,060.00. Following the completion of the transaction, the executive vice president now owns 91,680 shares of the company’s stock, valued at $4,864,540.80. This represents a 1.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Matador Resources Stock Up 0.5 %

Shares of NYSE:MTDR opened at $53.38 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The company has a fifty day simple moving average of $58.12 and a 200 day simple moving average of $55.81. The firm has a market cap of $6.66 billion, a PE ratio of 7.48 and a beta of 3.22. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (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 the consensus estimate of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. On average, equities research analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is 17.51%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MTDR. Truist Financial lifted their price target on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their price target on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Wednesday, January 15th. TD Cowen lifted their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Mizuho dropped their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. One research 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, Matador Resources currently has an average rating of “Moderate Buy” and a consensus target price of $75.14.

Institutional Trading of Matador Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Matador Resources by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company’s stock worth $706,375,000 after buying an additional 187,633 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Matador Resources by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,444,723 shares of the energy company’s stock worth $306,313,000 after purchasing an additional 30,184 shares during the period. Victory Capital Management Inc. boosted its holdings in Matador Resources by 2.7% in the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock worth $136,009,000 after purchasing an additional 72,077 shares during the period. Alliancebernstein L.P. boosted its holdings in Matador Resources by 25.9% in the fourth quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock worth $151,824,000 after purchasing an additional 555,245 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Matador Resources by 1.9% in the third quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock worth $99,297,000 after purchasing an additional 36,921 shares during the period. Institutional investors own 91.98% of the company’s stock.

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.