Matador Resources (NYSE:MTDR) Director Purchases $15,396.00 in Stock

Matador Resources Company (NYSE:MTDR) Director Reynald Baribault bought 400 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average price of $38.49 per share, for a total transaction of $15,396.00. Following the transaction, the director directly owned 6,915 shares in the company, valued at approximately $266,158.35. This represents a 6.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Matador Resources Price Performance

Shares of NYSE:MTDR traded up $0.77 during midday trading on Thursday, reaching $37.96. 2,099,395 shares of the company’s stock traded hands, compared to its average volume of 1,766,606. The company has a fifty day simple moving average of $44.83 and a two-hundred day simple moving average of $46.19. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. The company has a market cap of $4.72 billion, a P/E ratio of 6.06 and a beta of 1.35. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.04.

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

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 10th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, November 10th. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. Matador Resources’s payout ratio is 23.96%.

Analysts Set New Price Targets

MTDR has been the topic of a number of research reports. Morgan Stanley decreased their price objective on Matador Resources from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Royal Bank Of Canada raised their price objective on Matador Resources from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. William Blair initiated coverage on Matador Resources in a report on Monday, August 25th. They issued an “outperform” rating on the stock. Mizuho decreased their price objective on Matador Resources from $69.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, October 10th. Finally, Bank of America reduced their price target on Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and an average price target of $63.57.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC raised its holdings in shares of Matador Resources by 409.4% during the 3rd quarter. Ameritas Advisory Services LLC now owns 3,128 shares of the energy company’s stock worth $141,000 after acquiring an additional 2,514 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Matador Resources by 51.5% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 27,671 shares of the energy company’s stock worth $1,243,000 after acquiring an additional 9,408 shares during the period. LSV Asset Management raised its holdings in shares of Matador Resources by 5.9% during the 3rd quarter. LSV Asset Management now owns 3,532,303 shares of the energy company’s stock worth $158,706,000 after acquiring an additional 197,528 shares during the period. Caprock Group LLC purchased a new stake in Matador Resources in the 3rd quarter valued at about $245,000. Finally, Advisors Asset Management Inc. raised its holdings in Matador Resources by 8.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 12,985 shares of the energy company’s stock valued at $583,000 after buying an additional 1,060 shares during the period. Hedge funds and other 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.