Monika U. Ehrman Acquires 180 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR - Get Free Report) Director Monika U. Ehrman bought 180 shares of Matador Resources stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $57.49 per share, for a total transaction of $10,348.20. Following the completion of the acquisition, the director now directly owns 36,267 shares of the company's stock, valued at $2,084,989.83. The trade was a 0.50 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Matador Resources Trading Down 0.9 %

NYSE MTDR traded down $0.48 on Tuesday, reaching $55.69. 862,762 shares of the company were exchanged, compared to its average volume of 1,494,968. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The business's fifty day moving average price is $55.53 and its 200 day moving average price is $56.27. The stock has a market capitalization of $6.95 billion, a P/E ratio of 7.38 and a beta of 3.26. Matador Resources has a fifty-two week low of $47.15 and a fifty-two week high of $71.08.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The company had revenue of $770.20 million during the quarter, compared to analysts' expectations of $836.69 million. During the same quarter last year, the firm earned $1.86 earnings per share. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. Analysts forecast that Matador Resources will post 7.49 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Matador Resources's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. Matador Resources's dividend payout ratio is 13.25%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MTDR. Denver PWM LLC acquired a new stake in Matador Resources in the 2nd quarter valued at about $27,000. True Wealth Design LLC purchased a new stake in shares of Matador Resources during the third quarter worth approximately $37,000. Avior Wealth Management LLC raised its holdings in Matador Resources by 329.0% in the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company's stock valued at $41,000 after acquiring an additional 635 shares in the last quarter. Quarry LP lifted its stake in Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company's stock worth $46,000 after acquiring an additional 251 shares during the last quarter. Finally, Covestor Ltd grew its holdings in Matador Resources by 154.8% during the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company's stock worth $52,000 after acquiring an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MTDR. Wells Fargo & Company raised their price objective on Matador Resources from $87.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday. Mizuho dropped their price target on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a research report on Monday. BMO Capital Markets upped their price objective on shares of Matador Resources from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. KeyCorp decreased their price objective on shares of Matador Resources from $76.00 to $72.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Finally, Truist Financial reduced their target price on Matador Resources from $86.00 to $75.00 and set a "buy" rating for the company in a report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $75.31.

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.