Matador Resources (NYSE:MTDR) CFO Acquires $75,750.00 in Stock

Matador Resources (NYSE:MTDR) CFO Brian J. Willey acquired 1,500 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were bought at an average price of $50.50 per share, for a total transaction of $75,750.00. Following the completion of the transaction, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $75,750. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Matador Resources Trading Down 1.6 %

Shares of NYSE MTDR opened at $49.87 on Tuesday. Matador Resources has a twelve month low of $49.70 and a twelve month high of $71.08. The firm has a market cap of $6.22 billion, a PE ratio of 6.83 and a beta of 3.27. The business has a fifty day simple moving average of $58.08 and a two-hundred day simple moving average of $61.48. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 0.41.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.29. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The firm had revenue of $847.14 million during the quarter, compared to the consensus estimate of $822.55 million. During the same period in the previous year, the company posted $1.42 earnings per share. The firm’s quarterly revenue was up 32.8% on a year-over-year basis. Analysts expect that Matador Resources will post 7.83 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.60%. Matador Resources’s dividend payout ratio is presently 10.96%.

Analysts Set New Price Targets

Several analysts recently weighed in on MTDR shares. Truist Financial decreased their price target on Matador Resources from $91.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Stephens reduced their target price on shares of Matador Resources from $83.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Wells Fargo & Company lifted their price target on shares of Matador Resources from $88.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Wolfe Research assumed coverage on shares of Matador Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, TD Cowen boosted their target price on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.17.

Hedge Funds Weigh In On Matador Resources

Institutional investors have recently bought and sold shares of the business. Denver PWM LLC purchased a new stake in Matador Resources during the second quarter worth $27,000. Covestor Ltd lifted its holdings in shares of Matador Resources by 121.4% during the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after purchasing an additional 227 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Matador Resources in the 1st quarter worth $34,000. Lindbrook Capital LLC grew its stake in Matador Resources by 84.3% during the 1st quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock worth $40,000 after buying an additional 273 shares during the last quarter. Finally, Quarry LP increased its position in Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after buying an additional 251 shares in the last quarter. 91.98% of the stock is 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.