Matador Resources (NYSE:MTDR) Insider Van H. Singleton II Buys 1,000 Shares

Matador Resources (NYSE:MTDR) insider Van H. Singleton II bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost of $52.72 per share, with a total value of $52,720.00. Following the completion of the transaction, the insider now owns 290,135 shares in the company, valued at approximately $15,295,917.20. This trade represents a 0.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Matador Resources Stock Down 0.7 %

MTDR opened at $52.08 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The business has a 50 day simple moving average of $58.03 and a 200-day simple moving average of $55.76. The stock has a market capitalization of $6.50 billion, a P/E ratio of 7.29 and a beta of 3.22. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The business had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. On average, equities analysts anticipate that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.3125 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is currently 17.51%.

Hedge Funds Weigh In On Matador Resources

Several hedge funds have recently bought and sold shares of the company. American Trust increased its stake in Matador Resources by 11.5% in the 4th quarter. American Trust now owns 6,280 shares of the energy company’s stock valued at $353,000 after purchasing an additional 650 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in Matador Resources in the 4th quarter valued at approximately $1,988,000. Neo Ivy Capital Management purchased a new position in Matador Resources in the 4th quarter valued at approximately $3,705,000. GTS Securities LLC increased its stake in Matador Resources by 157.7% in the 4th quarter. GTS Securities LLC now owns 20,184 shares of the energy company’s stock valued at $1,136,000 after purchasing an additional 12,353 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in Matador Resources in the 4th quarter valued at approximately $68,000. 91.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Stephens upped their target price on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Benchmark reissued a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a research report on Friday, January 17th. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price for the company in a research report on Friday, January 3rd. Mizuho decreased their target price on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and a consensus price target of $75.14.

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.