Matador Resources (NYSE:MTDR) Director Purchases $10,348.20 in Stock

Matador Resources (NYSE:MTDR) Director Monika U. Ehrman purchased 180 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $57.49 per share, with a total value of $10,348.20. Following the completion of the acquisition, the director now directly owns 36,267 shares of the company’s stock, valued at $2,084,989.83. This represents a 0.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Matador Resources Price Performance

Shares of NYSE:MTDR opened at $52.59 on Friday. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The company has a 50-day moving average price of $55.56 and a 200 day moving average price of $56.17. The company has a market cap of $6.56 billion, a P/E ratio of 6.97 and a beta of 3.26. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The firm had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. Matador Resources’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.86 earnings per share. Research analysts predict that Matador Resources will post 7.49 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s payout ratio is currently 13.25%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MTDR. Denver PWM LLC purchased a new position in Matador Resources in the 2nd quarter valued at approximately $27,000. True Wealth Design LLC purchased a new position in shares of Matador Resources in the third quarter valued at $37,000. Avior Wealth Management LLC raised its stake in shares of Matador Resources by 329.0% during the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after buying an additional 635 shares during the last quarter. Quarry LP raised its stake in shares of Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after buying an additional 251 shares during the last quarter. Finally, Covestor Ltd grew its stake in Matador Resources by 154.8% in the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock valued at $52,000 after acquiring an additional 644 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on MTDR. Stephens increased their target price on shares of Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. cut their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. BMO Capital Markets upped their target price on Matador Resources from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Truist Financial cut their price target on Matador Resources from $86.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Finally, Mizuho decreased their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and an average price target of $74.38.

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.