Van H. Singleton II Acquires 2,000 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) insider Van H. Singleton II purchased 2,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $15,384,873.35. The trade was a 0.70 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Matador Resources Stock Down 0.7 %

NYSE MTDR opened at $52.08 on Thursday. The company has a market capitalization of $6.50 billion, a P/E ratio of 7.29 and a beta of 3.22. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The company’s 50 day simple moving average is $58.03 and its 200 day simple moving average is $55.76.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 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 analyst estimates 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 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a yield of 2.40%. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio (DPR) is currently 17.51%.

Wall Street Analyst Weigh In

MTDR has been the topic of several analyst reports. Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a research report on Friday, January 3rd. Mizuho lowered their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Truist Financial upped their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 13th. 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 research report on Tuesday, December 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.14.

Institutional Trading of Matador Resources

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. increased its position in shares of Matador Resources by 12.0% in the third 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 boosted its stake in 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 purchasing an additional 65,487 shares during the period. Stifel Financial Corp grew its position in Matador Resources by 81.2% during the 3rd quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock worth $1,498,000 after purchasing an additional 13,583 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Matador Resources by 16.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company’s stock valued at $8,088,000 after purchasing an additional 20,172 shares during the period. Finally, HITE Hedge Asset Management LLC purchased a new stake in shares of Matador Resources in the third quarter valued at $10,526,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

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.