Matador Resources (NYSE:MTDR) Insider Van Singleton II Purchases 1,000 Shares

Matador Resources Company (NYSE:MTDR) insider Van Singleton II bought 1,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average price of $39.46 per share, for a total transaction of $39,460.00. Following the acquisition, the insider directly owned 292,418 shares in the company, valued at $11,538,814.28. The trade was a 0.34% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Matador Resources Trading Down 4.1%

MTDR opened at $37.18 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The firm has a market capitalization of $4.62 billion, a PE ratio of 5.94 and a beta of 1.35. The company’s 50-day moving average is $44.83 and its 200 day moving average is $46.19.

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

Matador Resources Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on MTDR. Bank of America cut their price target on shares of Matador Resources from $55.00 to $50.00 and set a “buy” rating for the company in a report on Monday. Raymond James Financial restated an “outperform” rating and set a $55.00 price objective (down previously from $63.00) on shares of Matador Resources in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Matador Resources in a research report on Tuesday, October 14th. Morgan Stanley decreased their target price on shares of Matador Resources from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Finally, Royal Bank Of Canada lifted their target price on shares of Matador Resources from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. One 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 data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average price target of $63.57.

Hedge Funds Weigh In On Matador Resources

A number of hedge funds have recently modified their holdings of MTDR. Teacher Retirement System of Texas bought a new stake in shares of Matador Resources during the 1st quarter valued at about $885,000. D.A. Davidson & CO. bought a new stake in shares of Matador Resources during the 1st quarter valued at about $263,000. OneDigital Investment Advisors LLC bought a new stake in shares of Matador Resources during the 1st quarter valued at about $200,000. Penserra Capital Management LLC boosted its stake in shares of Matador Resources by 89.9% during the 1st quarter. Penserra Capital Management LLC now owns 15,570 shares of the energy company’s stock valued at $795,000 after purchasing an additional 7,369 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Matador Resources by 1.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 304,903 shares of the energy company’s stock valued at $15,577,000 after purchasing an additional 4,602 shares in the last quarter. 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.