Robert T. Macalik Acquires 1,200 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) CAO Robert T. Macalik acquired 1,200 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $47.98 per share, for a total transaction of $57,576.00. Following the completion of the transaction, the chief accounting officer now owns 31,000 shares in the company, valued at approximately $1,487,380. The trade was a 4.03 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Matador Resources Stock Up 1.1 %

Shares of NYSE:MTDR opened at $45.27 on Friday. The stock has a fifty day simple moving average of $57.21 and a two-hundred day simple moving average of $55.35. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 6.34 and a beta of 3.17. Matador Resources has a 12-month low of $43.89 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.

Matador Resources (NYSE:MTDR) last announced 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 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%. On average, research analysts anticipate that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.3125 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a yield of 2.76%. Matador Resources’s payout ratio is presently 17.51%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MTDR. Altshuler Shaham Ltd purchased a new position in shares of Matador Resources in the fourth quarter worth $25,000. TCTC Holdings LLC raised its stake in shares of 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 last quarter. EverSource Wealth Advisors LLC raised its stake in shares of 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 last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of 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 last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of 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 last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MTDR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a research report on Wednesday, January 15th. Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research report on Friday, January 3rd. Mizuho cut their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. TD Cowen raised their target price on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Stephens raised their target price on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One research 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 presently has an average rating of “Moderate Buy” and a consensus price target of $75.14.

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.