Paul W. Harvey Purchases 600 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) Director Paul W. Harvey acquired 600 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average price of $55.20 per share, for a total transaction of $33,120.00. Following the completion of the acquisition, the director now owns 27,917 shares in the company, valued at $1,541,018.40. This trade represents a 2.20 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $52.48 on Friday. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The company has a market cap of $6.55 billion, a PE ratio of 7.35 and a beta of 3.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The business has a 50-day simple moving average of $58.02 and a 200-day simple moving average of $55.74.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 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 company had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. On average, equities research analysts forecast that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.3125 per share. The ex-dividend date is Friday, February 28th. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.38%. Matador Resources’s payout ratio is currently 17.51%.

Wall Street Analyst Weigh In

MTDR has been the topic of several research analyst reports. TD Cowen boosted their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Morgan Stanley initiated coverage on shares of Matador Resources in a report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price objective on the stock. Truist Financial boosted their price objective 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. Wolfe Research upgraded shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a report on Friday, January 3rd. Finally, Mizuho reduced their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.14.

Hedge Funds Weigh In On Matador Resources

A number of institutional investors and hedge funds have recently made changes to their positions in MTDR. American Trust boosted its holdings in Matador Resources by 11.5% in the fourth quarter. American Trust now owns 6,280 shares of the energy company’s stock valued at $353,000 after purchasing an additional 650 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in Matador Resources in the fourth quarter valued at approximately $1,988,000. Neo Ivy Capital Management acquired a new position in Matador Resources in the fourth quarter valued at approximately $3,705,000. GTS Securities LLC boosted its holdings in Matador Resources by 157.7% in the fourth 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 in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in Matador Resources in the fourth quarter valued at 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.