Matador Resources (NYSE:MTDR) Insider Van H. Singleton II Buys 2,000 Shares

Matador Resources (NYSE:MTDR) insider Van H. Singleton II bought 2,000 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of $53.21 per share, for a total transaction of $106,420.00. Following the acquisition, the insider now owns 289,135 shares in the company, valued at $15,384,873.35. The trade was a 0.70 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Matador Resources Trading Down 1.8 %

NYSE:MTDR opened at $52.42 on Wednesday. The company has a 50-day moving average price of $58.05 and a 200-day moving average price of $55.79. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. 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 stock has a market cap of $6.54 billion, a price-to-earnings ratio of 7.34 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS 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 company had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million. Equities analysts predict that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 2.38%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

Wall Street Analysts Forecast Growth

MTDR has been the topic of several recent research reports. TD Cowen increased their target price on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company increased their target price on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their target price on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley assumed coverage on shares of Matador Resources in a research report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target for the company. Finally, Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.14.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Franklin Resources Inc. increased its stake in shares of Matador Resources by 12.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company’s stock worth $54,122,000 after acquiring an additional 107,827 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Matador Resources by 16.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 455,662 shares of the energy company’s stock worth $22,519,000 after acquiring an additional 65,487 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Matador Resources by 81.2% in the 3rd quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock worth $1,498,000 after acquiring an additional 13,583 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Matador Resources by 16.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company’s stock worth $8,088,000 after acquiring an additional 20,172 shares in the last quarter. Finally, HITE Hedge Asset Management LLC bought a new position in shares of Matador Resources in the 3rd quarter worth about $10,526,000. 91.98% of the stock is currently owned by institutional investors.

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.