Matador Resources (NYSE:MTDR) Director Buys $13,818.75 in Stock

Matador Resources Company (NYSE:MTDR – Get Free Report) Director Shelley Appel bought 275 shares of Matador Resources stock in a transaction dated Friday, November 6th. The shares were purchased at an average cost of $50.25 per share, for a total transaction of $13,818.75. Following the completion of the transaction, the director owned 2,059 shares of the company’s stock, valued at approximately $103,464.75. This represents a 15.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Matador Resources Stock Down 0.9%

Shares of MTDR stock traded down $0.43 on Monday, hitting $49.98. The stock had a trading volume of 1,577,149 shares, compared to its average volume of 1,849,622. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 8.62 and a beta of 0.93. The stock’s 50 day moving average is $56.21 and its 200-day moving average is $54.51. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 0.55. Matador Resources Company has a 52-week low of $38.80 and a 52-week high of $66.84.

Matador Resources (NYSE:MTDR – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The energy company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.23. Matador Resources had a net margin of 18.60% and a return on equity of 14.32%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The firm’s quarterly revenue was up 33.9% on a year-over-year basis. As a group, research analysts expect that Matador Resources Company will post 8.34 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.4375 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.3750. This represents a $1.75 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, November 10th. Matador Resources’s payout ratio is 30.17%.

Institutional Investors Weigh In On Matador Resources

Several institutional investors and hedge funds have recently made changes to their positions in MTDR. Intech Investment Management LLC boosted its holdings in Matador Resources by 156.6% in the third quarter. Intech Investment Management LLC now owns 73,702 shares of the energy company’s stock worth $3,802,000 after purchasing an additional 44,980 shares during the period. Hantz Financial Services Inc. increased its stake in Matador Resources by 27.7% during the third quarter. Hantz Financial Services Inc. now owns 9,974 shares of the energy company’s stock valued at $514,000 after purchasing an additional 2,165 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Matador Resources by 0.4% during the third quarter. Royce & Associates LP now owns 374,831 shares of the energy company’s stock worth $19,334,000 after purchasing an additional 1,337 shares during the period. Diversified Trust Co raised its holdings in shares of Matador Resources by 1.8% during the third quarter. Diversified Trust Co now owns 24,436 shares of the energy company’s stock worth $1,260,000 after purchasing an additional 434 shares during the period. Finally, Allworth Financial LP lifted its position in shares of Matador Resources by 27.6% in the 3rd quarter. Allworth Financial LP now owns 1,621 shares of the energy company’s stock worth $81,000 after buying an additional 351 shares during the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings downgraded Matador Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, November 4th. Stephens increased their target price on Matador Resources from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Seaport Research Partners initiated coverage on shares of Matador Resources in a research report on Thursday, September 3rd. They set a “neutral” rating for the company. Morgan Stanley lifted their price target on shares of Matador Resources from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 15th. Finally, Wall Street Zen raised shares of Matador Resources from a “buy” rating to a “strong-buy” rating in a report on Saturday. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.50.

View Our Latest Report on MTDR

About Matador Resources

(Get Free Report)

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas. Its operations are focused primarily on the Delaware Basin in southeastern New Mexico and West Texas.

Alongside its exploration and production business, Matador provides midstream services through its subsidiary San Mateo Midstream. These activities include gathering and processing natural gas and handling produced water, supporting the company’s operations and serving other producers in the region.

Matador was founded in 2003 and is headquartered in Dallas, Texas.

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