Matador Resources (NYSE:MTDR) Insider Buys $106,420.00 in Stock

Matador Resources (NYSE:MTDR) insider Van H. Singleton II acquired 2,000 shares of Matador Resources stock in a transaction on Friday, February 21st. The shares were purchased at an average price of $53.21 per share, with a total value of $106,420.00. Following the completion of the purchase, the insider now owns 289,135 shares in the company, valued at $15,384,873.35. This represents a 0.70 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Matador Resources Stock Performance

MTDR opened at $52.42 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 7.34 and a beta of 3.22. The company’s 50 day moving average is $58.05 and its 200 day moving average is $55.79. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The business had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. On average, equities research analysts predict that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.3125 per share. The ex-dividend date is Friday, February 28th. This represents a $1.25 annualized dividend and a yield of 2.38%. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is currently 17.51%.

Hedge Funds Weigh In On Matador Resources

Several large investors have recently added to or reduced their stakes in the company. American Trust lifted its holdings in Matador Resources by 11.5% during the fourth quarter. American Trust now owns 6,280 shares of the energy company’s stock valued at $353,000 after purchasing an additional 650 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in Matador Resources during the fourth quarter valued at approximately $1,988,000. Neo Ivy Capital Management purchased a new position in Matador Resources during the fourth quarter valued at approximately $3,705,000. GTS Securities LLC lifted its holdings in Matador Resources by 157.7% during the fourth quarter. GTS Securities LLC now owns 20,184 shares of the energy company’s stock valued at $1,136,000 after purchasing an additional 12,353 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in Matador Resources during the fourth quarter valued at approximately $68,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MTDR. Wells Fargo & Company raised their price objective on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Morgan Stanley started coverage on shares of Matador Resources in a research note on Friday, January 10th. They set an “equal weight” rating and a $78.00 price objective for the company. Mizuho reduced their price target on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. reduced their price target on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, TD Cowen lifted their price target on shares of Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.14.

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.