Van H. Singleton II Purchases 1,000 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) insider Van H. Singleton II bought 1,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost of $52.72 per share, with a total value of $52,720.00. Following the completion of the transaction, the insider now owns 290,135 shares in the company, valued at $15,295,917.20. The trade was a 0.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Matador Resources Stock Performance

Matador Resources stock traded down $0.35 during trading on Wednesday, reaching $52.11. The company had a trading volume of 1,026,155 shares, compared to its average volume of 1,111,325. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 7.31 and a beta of 3.22. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The firm’s 50-day simple moving average is $58.05 and its 200 day simple moving average is $55.79. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly 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 company had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. Sell-side analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.40%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is currently 17.51%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial raised their price target on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. TD Cowen raised their price objective on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Benchmark reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a research note on Friday, January 17th. Stephens lifted their price objective on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. decreased their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.14.

Hedge Funds Weigh In On Matador Resources

A number of hedge funds have recently modified their holdings of the stock. American Trust lifted its holdings in Matador Resources by 11.5% during the 4th quarter. American Trust now owns 6,280 shares of the energy company’s stock valued at $353,000 after purchasing an additional 650 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in Matador Resources in the 4th quarter valued at $1,988,000. Neo Ivy Capital Management acquired a new position in shares of Matador Resources during the 4th quarter worth $3,705,000. GTS Securities LLC lifted its stake in shares of Matador Resources by 157.7% in the 4th quarter. GTS Securities LLC now owns 20,184 shares of the energy company’s stock valued at $1,136,000 after purchasing an additional 12,353 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Matador Resources during the fourth quarter worth approximately $68,000. 91.98% of the stock is owned by institutional investors and hedge funds.

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.