Matador Resources (NYSE:MTDR) Director Shelley F. Appel Acquires 300 Shares

Matador Resources (NYSE:MTDR) Director Shelley F. Appel purchased 300 shares of the business’s stock in a transaction on Monday, September 9th. The stock was purchased at an average cost of $50.10 per share, for a total transaction of $15,030.00. Following the completion of the acquisition, the director now directly owns 57,541 shares of the company’s stock, valued at approximately $2,882,804.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Matador Resources Stock Performance

MTDR opened at $49.84 on Friday. The firm’s fifty day simple moving average is $57.26 and its two-hundred day simple moving average is $61.15. Matador Resources has a 52-week low of $48.22 and a 52-week high of $71.08. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 6.83 and a beta of 3.27. 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 posted its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, topping 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 company had revenue of $847.14 million for the quarter, compared to analysts’ expectations of $822.55 million. During the same period in the previous year, the firm posted $1.42 EPS. Matador Resources’s revenue was up 32.8% compared to the same quarter last year. Equities analysts anticipate that Matador Resources will post 7.83 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.61%. The ex-dividend date was Thursday, August 15th. Matador Resources’s dividend payout ratio is currently 10.96%.

Institutional Investors Weigh In On Matador Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Matador Resources by 32.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 23,221 shares of the energy company’s stock valued at $1,320,000 after purchasing an additional 5,747 shares during the last quarter. TFO Wealth Partners LLC increased its stake in shares of Matador Resources by 310,920.0% in the 4th quarter. TFO Wealth Partners LLC now owns 15,551 shares of the energy company’s stock worth $884,000 after acquiring an additional 15,546 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Matador Resources during the 1st quarter valued at about $828,000. Prevail Innovative Wealth Advisors LLC grew its holdings in shares of Matador Resources by 28.6% in the first quarter. Prevail Innovative Wealth Advisors LLC now owns 37,163 shares of the energy company’s stock valued at $2,481,000 after purchasing an additional 8,254 shares during the period. Finally, Burford Brothers Inc. acquired a new stake in Matador Resources during the fourth quarter worth about $1,535,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MTDR shares. Truist Financial reduced their target price on Matador Resources from $91.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Wells Fargo & Company upped their target price on Matador Resources from $88.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. TD Cowen raised their price target on shares of Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price objective on shares of Matador Resources from $83.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $80.00 to $84.00 in a report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.08.

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.