Matador Resources (NYSE:MTDR) Stock Price Down 4.1% - Time to Sell?

Matador Resources (NYSE:MTDR - Get Free Report) fell 4.1% on Wednesday . The company traded as low as $44.74 and last traded at $44.55. 208,837 shares traded hands during trading, a decline of 82% from the average session volume of 1,182,049 shares. The stock had previously closed at $46.43.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Matador Resources from $87.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Mizuho dropped their price objective on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Truist Financial upped their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a report on Monday, January 13th. Benchmark reiterated a "buy" rating and set a $62.00 price objective on shares of Matador Resources in a report on Friday, January 17th. Finally, TD Cowen boosted their target price on shares of Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $75.14.

Matador Resources Stock Up 1.1 %

The stock's 50-day moving average price is $57.21 and its two-hundred day moving average price is $55.35. The stock has a market capitalization of $5.67 billion, a P/E ratio of 6.34 and a beta of 3.17. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61.

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Matador Resources (NYSE:MTDR - Get Free Report) last released its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share 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 company had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. As a group, research analysts expect that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.3125 per share. This is an increase 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 2.76%. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources's dividend payout ratio is currently 17.51%.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran purchased 6,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average cost of $53.94 per share, for a total transaction of $323,640.00. Following the purchase, the chief executive officer now owns 39,379 shares of the company's stock, valued at $2,124,103.26. This represents a 17.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William Thomas Elsener purchased 800 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the purchase, the executive vice president now directly owns 102,964 shares in the company, valued at $5,827,762.40. This represents a 0.78 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 21,530 shares of company stock valued at $1,119,092 in the last three months. Company insiders own 6.10% of the company's stock.

Institutional Trading of Matador Resources

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Matador Resources by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company's stock worth $706,375,000 after purchasing an additional 187,633 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Matador Resources by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,444,723 shares of the energy company's stock worth $306,313,000 after purchasing an additional 30,184 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Matador Resources by 2.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company's stock worth $136,009,000 after purchasing an additional 72,077 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Matador Resources by 25.9% in the 4th quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company's stock worth $151,824,000 after purchasing an additional 555,245 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Matador Resources by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company's stock valued at $99,297,000 after buying an additional 36,921 shares in the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

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.