Matador Resources (NYSE:MTDR) EVP Glenn W. Stetson Acquires 500 Shares

Matador Resources (NYSE:MTDR - Get Free Report) EVP Glenn W. Stetson acquired 500 shares of the business's stock in a transaction dated Friday, March 14th. The shares were bought at an average price of $47.49 per share, for a total transaction of $23,745.00. Following the completion of the acquisition, the executive vice president now owns 92,180 shares in the company, valued at approximately $4,377,628.20. This trade represents a 0.55 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Matador Resources Stock Down 1.4 %

NYSE:MTDR traded down $0.72 on Friday, hitting $51.59. 2,350,222 shares of the company's stock traded hands, compared to its average volume of 1,467,905. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Matador Resources has a 1 year low of $43.89 and a 1 year high of $71.08. The firm has a 50-day moving average price of $55.39 and a 200-day moving average price of $54.83. The company has a market cap of $6.46 billion, a PE ratio of 7.23 and a beta of 3.17.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). The firm had revenue of $970.37 million for 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%. Equities analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

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Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.42%. This is a positive change from Matador Resources's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 28th. Matador Resources's payout ratio is currently 17.51%.

Institutional Investors Weigh In On Matador Resources

Several institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in Matador Resources by 12.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company's stock worth $54,122,000 after purchasing an additional 107,827 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in Matador Resources by 16.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 455,662 shares of the energy company's stock worth $22,519,000 after purchasing an additional 65,487 shares during the last quarter. Stifel Financial Corp lifted its holdings in Matador Resources by 81.2% in the 3rd quarter. Stifel Financial Corp now owns 30,304 shares of the energy company's stock worth $1,498,000 after purchasing an additional 13,583 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Matador Resources by 16.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company's stock worth $8,088,000 after purchasing an additional 20,172 shares during the last quarter. Finally, HITE Hedge Asset Management LLC acquired a new stake in Matador Resources in the 3rd quarter worth approximately $10,526,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on MTDR shares. Benchmark restated a "buy" rating and issued a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. Truist Financial increased their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Wolfe Research raised shares of Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price target for the company in a research report on Friday, January 3rd. Wells Fargo & Company raised their price target on shares of Matador Resources from $87.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 17th. Finally, Raymond James decreased their price target on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of "Moderate Buy" and an average price target of $74.20.

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.