Matador Resources (NYSE:MTDR) Director Buys $24,994.80 in Stock

Matador Resources Company (NYSE:MTDR) Director Shelley Appel purchased 636 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average price of $39.30 per share, for a total transaction of $24,994.80. Following the completion of the acquisition, the director owned 65,011 shares of the company’s stock, valued at $2,554,932.30. The trade was a 0.99% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Matador Resources Stock Down 0.6%

Matador Resources stock traded down $0.22 during midday trading on Monday, hitting $39.24. 1,967,395 shares of the stock were exchanged, compared to its average volume of 1,757,470. Matador Resources Company has a 52-week low of $35.19 and a 52-week high of $64.04. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 6.27 and a beta of 1.41. The business’s 50-day moving average price is $45.48 and its 200-day moving average price is $46.29. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 0.55.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The business had revenue of $939.02 million for the quarter, compared to analysts’ expectations of $893.22 million. During the same period in the previous year, the company earned $1.89 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, research analysts expect that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 10th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 3.8%. This is a boost from Matador Resources’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, November 10th. Matador Resources’s dividend payout ratio is presently 23.96%.

Analyst Ratings Changes

Several research firms recently weighed in on MTDR. Morgan Stanley cut their price target on shares of Matador Resources from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Royal Bank Of Canada boosted their target price on shares of Matador Resources from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. KeyCorp dropped their target price on shares of Matador Resources from $61.00 to $52.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Wells Fargo & Company dropped their target price on shares of Matador Resources from $71.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Finally, Mizuho dropped their target price on shares of Matador Resources from $69.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.57.

Institutional Trading of Matador Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. MCF Advisors LLC purchased a new stake in Matador Resources in the 1st quarter worth approximately $26,000. Kestra Investment Management LLC increased its holdings in shares of Matador Resources by 225.2% in the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after buying an additional 358 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Matador Resources by 298.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock worth $25,000 after buying an additional 400 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Matador Resources by 93.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock worth $26,000 after buying an additional 267 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Matador Resources by 182.0% in the 2nd quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock worth $27,000 after buying an additional 364 shares during the last quarter. 91.98% of the stock is currently owned by hedge funds and other 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.