Insider Buying: Matador Resources (NYSE:MTDR) Director Purchases $20,017.50 in Stock

Matador Resources Company (NYSE:MTDR) Director Shelley Appel bought 510 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average cost of $39.25 per share, for a total transaction of $20,017.50. Following the transaction, the director owned 65,521 shares of the company’s stock, valued at $2,571,699.25. The trade was a 0.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Matador Resources Stock Down 0.6%

NYSE:MTDR traded down $0.22 during trading hours on Monday, hitting $39.24. 1,967,395 shares of the company traded hands, compared to its average volume of 1,757,470. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 0.55. The firm’s 50-day simple moving average is $45.48 and its 200-day simple moving average is $46.29. Matador Resources Company has a one year low of $35.19 and a one year high of $64.04. The company has a market cap of $4.88 billion, a PE ratio of 6.27 and a beta of 1.41.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, October 21st. The energy company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The firm had revenue of $939.02 million during the quarter, compared to analyst estimates of $893.22 million. During the same quarter in the prior year, the business posted $1.89 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. Equities analysts predict that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 10th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, November 10th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.31. Matador Resources’s dividend payout ratio (DPR) is currently 23.96%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. William Blair assumed coverage on shares of Matador Resources in a research report on Monday, August 25th. They set an “outperform” rating on the stock. Mizuho decreased their price target on Matador Resources from $69.00 to $67.00 and set an “outperform” rating for the company in a research report on Friday, October 10th. TD Cowen raised Matador Resources to a “strong-buy” rating in a research report on Monday, July 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 price target (down from $63.00) on shares of Matador Resources in a research report on Monday, October 20th. Finally, KeyCorp decreased their price target on Matador Resources from $61.00 to $52.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.57.

Institutional Investors Weigh In On Matador Resources

Hedge funds have recently modified their holdings of the stock. MCF Advisors LLC bought a new stake in shares of Matador Resources in the 1st quarter worth approximately $26,000. Kestra Investment Management LLC raised its holdings in shares of Matador Resources by 225.2% in the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after purchasing an additional 358 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Matador Resources by 298.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock worth $25,000 after purchasing an additional 400 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Matador Resources by 93.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock worth $26,000 after purchasing an additional 267 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of Matador Resources by 182.0% in the 2nd quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock worth $27,000 after purchasing an additional 364 shares during the period. Institutional investors own 91.98% of the company’s stock.

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.