Matador Resources (NYSE:MTDR) CAO Purchases $57,576.00 in Stock

Matador Resources (NYSE:MTDR) CAO Robert T. Macalik purchased 1,200 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $47.98 per share, with a total value of $57,576.00. Following the purchase, the chief accounting officer now owns 31,000 shares of the company’s stock, valued at approximately $1,487,380. The trade was a 4.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Matador Resources Stock Up 1.1 %

MTDR stock opened at $45.27 on Friday. Matador Resources has a fifty-two week low of $43.89 and a fifty-two week high of $71.08. The business’s 50 day moving average price is $57.39 and its two-hundred day moving average price is $55.43. 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 $5.67 billion, a price-to-earnings ratio of 6.34 and a beta of 3.17.

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

Matador Resources Increases Dividend

The company 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 dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.76%. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources’s dividend payout ratio is presently 17.51%.

Hedge Funds Weigh In On Matador Resources

Several hedge funds and other institutional investors have recently modified their holdings of MTDR. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Matador Resources by 43.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,517 shares of the energy company’s stock valued at $520,000 after buying an additional 3,181 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Matador Resources by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 13,533 shares of the energy company’s stock valued at $668,000 after buying an additional 915 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Matador Resources by 13.2% during the 3rd quarter. QRG Capital Management Inc. now owns 5,133 shares of the energy company’s stock valued at $254,000 after buying an additional 598 shares during the period. Summit Global Investments bought a new position in Matador Resources in the 3rd quarter worth $906,000. Finally, Verdence Capital Advisors LLC raised its holdings in Matador Resources by 19.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,149 shares of the energy company’s stock worth $353,000 after purchasing an additional 1,153 shares during the period. 91.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MTDR. Wells Fargo & Company lifted their price target on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Benchmark reissued a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Mizuho lowered their target price on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Morgan Stanley began coverage on Matador Resources in a research note on Friday, January 10th. They issued an “equal weight” rating and a $78.00 target price for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and a consensus 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.