Matador Resources (NYSE:MTDR) EVP Glenn W. Stetson Acquires 500 Shares of Stock

Matador Resources (NYSE:MTDR) EVP Glenn W. Stetson acquired 500 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average cost of $47.49 per share, with a total value of $23,745.00. Following the purchase, the executive vice president now owns 92,180 shares in the company, valued at $4,377,628.20. The trade was a 0.55 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Matador Resources Trading Up 0.3 %

MTDR opened at $50.54 on Wednesday. Matador Resources has a twelve month low of $43.89 and a twelve month high of $71.08. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average of $55.88 and a 200-day moving average of $54.89. The stock has a market cap of $6.33 billion, a PE ratio of 7.08 and a beta of 3.17.

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

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 2.47%. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

Analyst Ratings Changes

MTDR has been the subject of several research reports. Mizuho dropped their price objective 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. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target for the company in a research note on Friday, January 3rd. 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 target for the company. Raymond James dropped their price target on shares of Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Finally, Benchmark reaffirmed a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research note on Friday, January 17th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.20.

Institutional Investors Weigh In On Matador Resources

A number of large investors have recently bought and sold shares of MTDR. Altshuler Shaham Ltd acquired a new stake in Matador Resources in the fourth quarter worth $25,000. TCTC Holdings LLC grew its holdings in Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after purchasing an additional 175 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after purchasing an additional 256 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after purchasing an additional 207 shares during the period. Finally, SRS Capital Advisors Inc. grew its holdings in Matador Resources by 359.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after purchasing an additional 453 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.