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

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

Matador Resources Stock Performance

Matador Resources stock opened at $45.84 on Thursday. The stock’s 50 day simple moving average is $57.74 and its two-hundred day simple moving average is $55.57. 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 stock has a market cap of $5.74 billion, a price-to-earnings ratio of 6.42 and a beta of 3.22. Matador Resources has a fifty-two week low of $43.89 and a fifty-two week high of $71.08.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $967.10 million. As a group, analysts expect that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.3125 dividend. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources’s payout ratio is presently 17.51%.

Wall Street Analyst Weigh In

MTDR has been the topic of a number of research reports. Benchmark restated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. Mizuho reduced their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research note on Wednesday, January 15th. Stephens raised their price objective on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Truist Financial raised their price objective on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 13th. 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 presently has a consensus rating of “Moderate Buy” and an average target price of $75.14.

Hedge Funds Weigh In On Matador Resources

A number of hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Matador Resources in the 4th quarter worth approximately $7,529,000. American Trust raised its holdings in Matador Resources by 11.5% in the 4th quarter. American Trust now owns 6,280 shares of the energy company’s stock worth $353,000 after acquiring an additional 650 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in Matador Resources in the 4th quarter worth approximately $1,988,000. Neo Ivy Capital Management purchased a new position in Matador Resources in the 4th quarter worth approximately $3,705,000. Finally, GTS Securities LLC raised its stake in Matador Resources by 157.7% during the 4th 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 last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

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.