Matador Resources (NYSE:MTDR) Insider Van H. Singleton II Purchases 1,000 Shares

Matador Resources (NYSE:MTDR) insider Van H. Singleton II acquired 1,000 shares of Matador Resources stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $52.72 per share, with a total value of $52,720.00. Following the completion of the acquisition, the insider now directly owns 290,135 shares in the company, valued at $15,295,917.20. This represents a 0.35 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Matador Resources Stock Performance

Shares of MTDR stock traded down $0.35 on Wednesday, reaching $52.11. The stock had a trading volume of 1,026,155 shares, compared to its average volume of 1,111,325. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The company has a 50 day simple moving average of $58.05 and a 200 day simple moving average of $55.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The stock has a market cap of $6.50 billion, a P/E ratio of 7.31 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last issued its earnings results 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 company had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. Equities research analysts expect that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, February 28th. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio is currently 17.51%.

Hedge Funds Weigh In On Matador Resources

Hedge funds have recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in Matador Resources in the fourth quarter valued at approximately $25,000. TCTC Holdings LLC grew its holdings in shares of Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after acquiring an additional 175 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after purchasing an additional 256 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after purchasing an additional 207 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after buying an additional 453 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a research note on Wednesday, January 15th. Benchmark reiterated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. Morgan Stanley initiated coverage on Matador Resources in a report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target for the company. 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 report on Thursday, December 19th. Finally, Wolfe Research upgraded shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.