Matador Resources (NYSE:MTDR) Director Timothy E. Parker Purchases 2,000 Shares

Matador Resources (NYSE:MTDR - Get Free Report) Director Timothy E. Parker purchased 2,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $44.67 per share, for a total transaction of $89,340.00. Following the purchase, the director now directly owns 83,790 shares in the company, valued at approximately $3,742,899.30. This trade represents a 2.45 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Matador Resources Stock Performance

Shares of NYSE:MTDR traded up $0.48 during trading on Friday, reaching $45.27. 2,017,925 shares of the stock were exchanged, compared to its average volume of 1,275,039. Matador Resources has a 12 month low of $43.89 and a 12 month high of $71.08. The firm has a market cap of $5.67 billion, a PE ratio of 6.34 and a beta of 3.17. The stock has a 50-day moving average price of $57.21 and a 200-day moving average price of $55.35. 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 (NYSE:MTDR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Research analysts expect 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 disclosed 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 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Matador Resources's previous quarterly dividend of $0.25. Matador Resources's payout ratio is currently 17.51%.

Institutional Investors Weigh In On Matador Resources

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Matador Resources by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company's stock valued at $706,375,000 after buying an additional 187,633 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Matador Resources by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,444,723 shares of the energy company's stock valued at $306,313,000 after buying an additional 30,184 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Matador Resources by 2.7% in the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company's stock valued at $136,009,000 after buying an additional 72,077 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Matador Resources by 25.9% in the fourth quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company's stock valued at $151,824,000 after buying an additional 555,245 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Matador Resources by 1.9% in the third 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 during the period. Institutional investors own 91.98% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on MTDR shares. Mizuho lowered their target price on Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. Morgan Stanley started coverage on Matador Resources in a research report on Friday, January 10th. They issued an "equal weight" rating and a $78.00 target price on the stock. Wolfe Research raised Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 target price on the stock in a research report on Friday, January 3rd. Wells Fargo & Company lifted their target price on Matador Resources from $87.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.