Monika U. Ehrman Buys 300 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) Director Monika U. Ehrman purchased 300 shares of the stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $40.31 per share, with a total value of $12,093.00. Following the transaction, the director now owns 36,867 shares of the company’s stock, valued at $1,486,108.77. This trade represents a 0.82 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Matador Resources Stock Up 0.1 %

MTDR opened at $42.73 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The company has a market capitalization of $5.35 billion, a PE ratio of 5.98 and a beta of 1.47. The stock’s fifty day moving average is $44.28 and its 200-day moving average is $52.58. Matador Resources has a one year low of $35.19 and a one year high of $66.89.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.25. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $980.87 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. Matador Resources’s revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.71 EPS. On average, equities analysts predict that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 annualized dividend and a dividend yield of 2.93%. Matador Resources’s dividend payout ratio is currently 16.78%.

Matador Resources announced that its board has authorized a stock repurchase program on Wednesday, April 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the energy company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MTDR shares. UBS Group assumed coverage on shares of Matador Resources in a research report on Tuesday, April 22nd. They issued a “neutral” rating and a $47.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of Matador Resources from $65.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company dropped their price objective on Matador Resources from $86.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Truist Financial upped their price target on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, KeyCorp cut their target price on shares of Matador Resources from $72.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

Hedge Funds Weigh In On Matador Resources

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Matador Resources by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company’s stock valued at $690,310,000 after purchasing an additional 956,090 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Matador Resources by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,444,723 shares of the energy company’s stock worth $306,313,000 after buying an additional 30,184 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Matador Resources by 25.9% in the fourth quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock worth $151,824,000 after buying an additional 555,245 shares during the period. LSV Asset Management increased its position in shares of Matador Resources by 50.9% in the first quarter. LSV Asset Management now owns 2,289,379 shares of the energy company’s stock worth $116,964,000 after acquiring an additional 772,071 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Matador Resources by 18.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,669,957 shares of the energy company’s stock valued at $93,952,000 after acquiring an additional 258,958 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.