Matador Resources (NYSE:MTDR) Insider Van H. Singleton II Purchases 2,000 Shares

Matador Resources (NYSE:MTDR) insider Van H. Singleton II acquired 2,000 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $53.21 per share, with a total value of $106,420.00. Following the purchase, the insider now directly owns 289,135 shares of the company’s stock, valued at $15,384,873.35. This represents a 0.70 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Matador Resources Trading Up 0.5 %

Matador Resources stock opened at $53.38 on Tuesday. The stock has a 50-day moving average price of $58.12 and a 200 day moving average price of $55.81. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 7.48 and a beta of 3.22. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR) last posted its earnings results 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 net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. Sell-side analysts anticipate that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, February 28th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio is currently 17.51%.

Analysts Set New Price Targets

Several research firms have recently commented on MTDR. Truist Financial boosted their price target on Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Morgan Stanley assumed coverage on shares of Matador Resources in a research note on Friday, January 10th. They set an “equal weight” rating and a $78.00 price objective for the company. Stephens increased their price objective on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company boosted their target price on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. decreased their price target on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.14.

Institutional Investors Weigh In On Matador Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new stake in Matador Resources during the fourth quarter worth $25,000. TCTC Holdings LLC raised its position in shares of Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after acquiring an additional 175 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after acquiring an additional 256 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after acquiring an additional 207 shares during the period. Finally, SRS Capital Advisors Inc. grew its holdings in Matador Resources by 359.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock valued at $33,000 after purchasing an additional 453 shares during the period. 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.