Matador Resources (NYSE:MTDR) CAO Robert T. Macalik Acquires 1,200 Shares

Matador Resources (NYSE:MTDR - Get Free Report) CAO Robert T. Macalik purchased 1,200 shares of Matador Resources stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $47.98 per share, for a total transaction of $57,576.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,000 shares in the company, valued at $1,487,380. The trade was a 4.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Matador Resources Stock Up 1.1 %

Matador Resources stock traded up $0.48 during mid-day trading on Friday, reaching $45.27. The company's stock had a trading volume of 2,017,925 shares, compared to its average volume of 1,275,039. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. Matador Resources has a 12 month low of $43.89 and a 12 month high of $71.08. The business's 50 day simple moving average is $57.21 and its 200 day simple moving average is $55.35. 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 - Get Free Report) last announced its quarterly earnings data 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). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The company had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. As a group, research analysts anticipate that Matador Resources will post 8.53 earnings per share for the current year.

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Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.3125 per share. This is a positive change from Matador Resources's previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 28th. This represents a $1.25 annualized dividend and a dividend yield of 2.76%. Matador Resources's payout ratio is 17.51%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. 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 report on Thursday, December 19th. 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 report on Friday, January 3rd. Truist Financial raised their price objective on Matador Resources from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Benchmark reiterated a "buy" rating and set a $62.00 target price on shares of Matador Resources in a report on Friday, January 17th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $70.00 price target on shares of Matador Resources in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $75.14.

Institutional Investors Weigh In On Matador Resources

Large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its stake in Matador Resources by 43.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,517 shares of the energy company's stock valued at $520,000 after acquiring an additional 3,181 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Matador Resources by 7.3% in 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 purchasing an additional 915 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Matador Resources by 13.2% in the 3rd quarter. QRG Capital Management Inc. now owns 5,133 shares of the energy company's stock valued at $254,000 after purchasing an additional 598 shares during the last quarter. Summit Global Investments bought a new position in Matador Resources during the third quarter worth about $906,000. Finally, Verdence Capital Advisors LLC increased its position in Matador Resources by 19.2% during the third quarter. Verdence Capital Advisors LLC now owns 7,149 shares of the energy company's stock worth $353,000 after buying an additional 1,153 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

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.