Matador Resources (NYSE:MTDR) CFO Acquires $23,877.00 in Stock

Matador Resources (NYSE:MTDR) CFO Brian J. Willey bought 450 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $53.06 per share, with a total value of $23,877.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,950 shares in the company, valued at $103,467. This trade represents a 30.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Matador Resources Price Performance

MTDR opened at $52.48 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 7.35 and a beta of 3.22. The stock has a fifty day simple moving average of $58.02 and a two-hundred day simple moving average of $55.74. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08.

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

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.3125 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Friday, February 28th. Matador Resources’s payout ratio is currently 17.51%.

Institutional Trading of Matador Resources

Several hedge funds and other institutional investors have recently made changes to their positions in MTDR. Altshuler Shaham Ltd purchased a new position in Matador Resources during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of Matador Resources by 108.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after acquiring an additional 256 shares in the last quarter. TCTC Holdings LLC raised its position in shares of Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after purchasing an additional 207 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after purchasing an additional 453 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MTDR. Morgan Stanley began coverage on Matador Resources in a research note on Friday, January 10th. They set an “equal weight” rating and a $78.00 price objective for the company. Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. TD Cowen boosted their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a report on Wednesday, January 15th. Finally, Stephens raised their target price on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.14.

Matador Resources Company Profile

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.