Benjamin Colodney Purchases 250 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources Company (NYSE:MTDRGet Free Report) CAO Benjamin Colodney acquired 250 shares of Matador Resources stock in a transaction dated Friday, May 29th. The stock was purchased at an average price of $53.41 per share, for a total transaction of $13,352.50. Following the completion of the acquisition, the chief accounting officer directly owned 2,650 shares in the company, valued at approximately $141,536.50. This represents a 10.42% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Matador Resources Price Performance

Shares of MTDR opened at $56.62 on Thursday. The firm’s fifty day simple moving average is $59.27 and its 200-day simple moving average is $50.82. Matador Resources Company has a twelve month low of $37.14 and a twelve month high of $66.84. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 14.56 and a beta of 0.74.

Matador Resources (NYSE:MTDRGet Free Report) last posted its earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The firm had revenue of $941.60 million for the quarter, compared to the consensus estimate of $871.57 million. During the same period last year, the firm posted $1.99 EPS. The company’s revenue was down 33.8% on a year-over-year basis. Equities analysts forecast that Matador Resources Company will post 7.36 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, May 8th. Matador Resources’s dividend payout ratio (DPR) is currently 38.56%.

Institutional Trading of Matador Resources

Several institutional investors and hedge funds have recently bought and sold shares of MTDR. Jones Financial Companies Lllp raised its position in Matador Resources by 1,104.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock valued at $103,000 after purchasing an additional 1,845 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Matador Resources by 361.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after purchasing an additional 690 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Matador Resources in the 2nd quarter valued at $255,000. Arrowstreet Capital Limited Partnership purchased a new stake in Matador Resources in the 2nd quarter valued at $5,126,000. Finally, EverSource Wealth Advisors LLC raised its position in Matador Resources by 767.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock valued at $156,000 after purchasing an additional 2,885 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MTDR. Wells Fargo & Company lifted their price target on shares of Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Citigroup cut their price target on shares of Matador Resources from $77.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Roth Mkm reiterated a “neutral” rating and set a $65.00 price target (up from $52.00) on shares of Matador Resources in a research note on Wednesday, April 8th. TD Cowen lifted their price target on shares of Matador Resources from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, March 17th. Finally, UBS Group upped their price target on shares of Matador Resources from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $65.08.

Read Our Latest Report on Matador Resources

Matador Resources News Summary

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Matador Resources Company Profile

(Get Free Report)

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.

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Insider Buying and Selling by Quarter for Matador Resources (NYSE:MTDR)

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