Matador Resources (NYSE:MTDR) Insider Acquires $19,140.00 in Stock

Matador Resources Company (NYSE:MTDR) insider Van Singleton II bought 500 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was purchased at an average price of $38.28 per share, with a total value of $19,140.00. Following the completion of the acquisition, the insider owned 292,918 shares of the company’s stock, valued at approximately $11,212,901.04. This trade represents a 0.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Matador Resources Price Performance

Shares of MTDR opened at $39.38 on Monday. The business’s 50-day moving average is $44.37 and its 200-day moving average is $46.21. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 6.31 and a beta of 1.35. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04.

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

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 10th will be paid a $0.375 dividend. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, November 10th. Matador Resources’s payout ratio is presently 23.96%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in 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 valued at $25,000 after buying an additional 400 shares in the last quarter. Kestra Investment Management LLC boosted its holdings in Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after acquiring an additional 358 shares in the last quarter. MCF Advisors LLC acquired a new stake in Matador Resources in the first quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Matador Resources by 93.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock valued at $26,000 after acquiring an additional 267 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Matador Resources by 182.0% during the second 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 and hedge funds own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Bank of America decreased their price objective on Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Matador Resources in a report on Tuesday, October 14th. Royal Bank Of Canada lifted their price target 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. Raymond James Financial reissued an “outperform” rating and set a $55.00 price target (down from $63.00) on shares of Matador Resources in a research note on Monday, October 20th. Finally, William Blair began coverage on shares of Matador Resources in a research report on Monday, August 25th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $63.57.

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.