Matador Resources Company (NYSE:MTDR) Declares Quarterly Dividend of $0.38

Matador Resources Company (NYSE:MTDRGet Free Report) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Monday, August 10th will be given a dividend of 0.375 per share by the energy company on Tuesday, September 8th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, August 10th.

Matador Resources has a payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Matador Resources to earn $7.87 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 19.1%.

Matador Resources Stock Up 1.8%

Matador Resources stock opened at $55.06 on Thursday. Matador Resources has a 1-year low of $37.14 and a 1-year high of $66.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70. The stock has a market cap of $6.84 billion, a PE ratio of 14.15 and a beta of 0.74. The stock’s fifty day moving average is $53.41 and its two-hundred day moving average is $53.16.

Matador Resources (NYSE:MTDRGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business had revenue of $941.60 million during the quarter, compared to analysts’ expectations of $871.57 million. During the same period in the prior year, the firm posted $1.99 EPS. The business’s quarterly revenue was down 33.8% compared to the same quarter last year. On average, sell-side analysts expect that Matador Resources will post 6.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other Matador Resources news, COO Glenn W. Stetson bought 500 shares of the stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average cost of $53.41 per share, for a total transaction of $26,705.00. Following the completion of the transaction, the chief operating officer owned 95,470 shares in the company, valued at approximately $5,099,052.70. The trade was a 0.53% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph Wm Foran bought 4,675 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of $52.36 per share, for a total transaction of $244,783.00. Following the completion of the acquisition, the chief executive officer directly owned 6,997 shares in the company, valued at approximately $366,362.92. This trade represents a 201.34% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 11,907 shares of company stock valued at $635,712 over the last quarter. Company insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Matador Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in Matador Resources during the 1st quarter worth approximately $27,000. Kestra Investment Management LLC grew its holdings in Matador Resources by 225.2% in 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 during the last quarter. Center for Financial Planning Inc. purchased a new position in Matador Resources during the 1st quarter valued at about $41,000. Altshuler Shaham Ltd increased its stake in shares of Matador Resources by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after purchasing an additional 201 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in Matador Resources during the third quarter worth $35,000. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Company Profile

(Get Free Report)

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.

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Dividend History for Matador Resources (NYSE:MTDR)

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