Matador Resources (NYSE:MTDR) CFO Brian J. Willey Buys 450 Shares

Matador Resources (NYSE:MTDR) CFO Brian J. Willey acquired 450 shares of Matador Resources stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of $53.06 per share, with a total value of $23,877.00. Following the completion of the purchase, the chief financial officer now owns 1,950 shares of the company’s stock, valued at approximately $103,467. The trade was a 30.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Matador Resources Stock Down 0.4 %

Matador Resources stock opened at $52.31 on Friday. The stock has a market capitalization of $6.53 billion, a PE ratio of 7.33 and a beta of 3.22. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The business has a 50 day simple moving average of $58.01 and a 200-day simple moving average of $55.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR) last posted 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). The business had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. On average, analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm 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 $0.3125 dividend. The ex-dividend date is Friday, February 28th. This is a boost 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 2.39%. Matador Resources’s payout ratio is 17.51%.

Wall Street Analyst Weigh In

MTDR has been the subject of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a research note on Wednesday, January 15th. TD Cowen raised their price objective on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Stephens raised their price objective on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a research note on Friday, January 3rd. Finally, Morgan Stanley initiated coverage on Matador Resources in a research note on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price objective for the company. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $75.14.

Institutional Trading of Matador Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Matador Resources by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company’s stock valued at $706,375,000 after buying an additional 187,633 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Matador Resources by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,444,723 shares of the energy company’s stock worth $306,313,000 after acquiring an additional 30,184 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Matador Resources by 2.7% in the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock worth $136,009,000 after acquiring an additional 72,077 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Matador Resources by 25.9% in the fourth quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock worth $151,824,000 after acquiring an additional 555,245 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Matador Resources by 1.9% in the third quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock worth $99,297,000 after acquiring an additional 36,921 shares during the last quarter. 91.98% of the stock is currently 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.