Matador Resources (NYSE:MTDR) Director Reynald Baribault Buys 400 Shares

Matador Resources Company (NYSE:MTDR) Director Reynald Baribault purchased 400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average price of $38.49 per share, with a total value of $15,396.00. Following the purchase, the director owned 6,915 shares in the company, valued at $266,158.35. This trade represents a 6.14% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Matador Resources Stock Up 2.5%

Shares of Matador Resources stock traded up $0.97 during trading on Friday, reaching $38.91. The company had a trading volume of 102,491 shares, compared to its average volume of 1,758,689. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. The firm’s fifty day moving average is $44.58 and its 200-day moving average is $46.14. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 6.22 and a beta of 1.35.

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

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 10th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 3.9%. 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 currently 23.96%.

Wall Street Analyst Weigh In

MTDR has been the subject of a number of recent analyst reports. UBS Group dropped their price objective on Matador Resources from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. William Blair began coverage on shares of Matador Resources in a research report on Monday, August 25th. They set an “outperform” rating for the company. Morgan Stanley cut their price target on Matador Resources from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Wells Fargo & Company dropped their price target 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, Weiss Ratings restated a “hold (c-)” rating on shares of Matador Resources in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and an average target price of $63.57.

Hedge Funds Weigh In On Matador Resources

Large investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Matador Resources by 298.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. Kestra Investment Management LLC boosted its position in Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after purchasing an additional 358 shares in the last quarter. MCF Advisors LLC purchased a new stake in shares of Matador Resources during the first quarter valued at $26,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Matador Resources by 93.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock valued at $26,000 after acquiring an additional 267 shares during the period. Finally, Allworth Financial LP increased its position in shares of Matador Resources by 182.0% in the second quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock valued at $27,000 after buying an additional 364 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

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.