Insider Buying: Matador Resources (NYSE:MTDR) Director Purchases $13,560.00 in Stock

Matador Resources (NYSE:MTDR) Director Monika U. Ehrman bought 300 shares of the stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $45.20 per share, for a total transaction of $13,560.00. Following the acquisition, the director now owns 36,567 shares in the company, valued at $1,652,828.40. The trade was a 0.83 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Matador Resources Stock Performance

Shares of NYSE:MTDR opened at $48.61 on Friday. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 6.81 and a beta of 3.17. The firm’s 50 day simple moving average is $56.44 and its 200 day simple moving average is $55.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. 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 announced its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The firm had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. As a group, sell-side analysts forecast that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.57%. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is currently 17.51%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MTDR shares. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Friday, January 3rd. Benchmark reaffirmed a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Friday, January 17th. Stephens upped their target price on shares of Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. decreased their price objective on shares of Matador Resources from $76.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Mizuho decreased their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.20.

Institutional Trading of Matador Resources

A number of hedge funds have recently modified their holdings of MTDR. Altshuler Shaham Ltd acquired a new stake in Matador Resources during the 4th quarter worth approximately $25,000. TCTC Holdings LLC raised its holdings 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 buying an additional 175 shares during the period. EverSource Wealth Advisors LLC raised its holdings 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 during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after buying an additional 207 shares during the period. Finally, SRS Capital Advisors Inc. raised its holdings in Matador Resources by 359.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after buying an additional 453 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.