Matador Resources (NYSE:MTDR) COO Glenn Stetson Purchases 500 Shares

Matador Resources Company (NYSE:MTDR) COO Glenn Stetson acquired 500 shares of Matador Resources stock in a transaction that occurred on Thursday, May 28th. The stock was acquired at an average price of $53.94 per share, with a total value of $26,970.00. Following the completion of the purchase, the chief operating officer directly owned 94,970 shares in the company, valued at $5,122,681.80. This represents a 0.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Matador Resources Stock Down 0.1%

Matador Resources stock opened at $53.56 on Monday. Matador Resources Company has a 1-year low of $37.14 and a 1-year high of $66.84. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 13.77 and a beta of 0.75. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. The firm has a 50 day simple moving average of $59.38 and a 200 day simple moving average of $50.48.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The business had revenue of $941.60 million during the quarter, compared to analyst estimates of $871.57 million. During the same period in the previous year, the business earned $1.99 EPS. Matador Resources’s revenue was down 33.8% compared to the same quarter last year. On average, analysts predict that Matador Resources Company will post 7.36 earnings per share for the current year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, May 8th. Matador Resources’s payout ratio is currently 38.56%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Mizuho lifted their price objective on shares of Matador Resources from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Zacks Research lowered shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. KeyCorp increased their price objective on Matador Resources from $61.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Roth Mkm reissued a “neutral” rating and set a $65.00 price objective (up from $52.00) on shares of Matador Resources in a research note on Wednesday, April 8th. Finally, Morgan Stanley lifted their price objective on Matador Resources from $73.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $65.08.

Institutional Trading of Matador Resources

Hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. raised its stake in shares of Matador Resources by 184.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 30,836 shares of the energy company’s stock valued at $1,309,000 after acquiring an additional 20,011 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Matador Resources by 3.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,032,602 shares of the energy company’s stock valued at $46,395,000 after acquiring an additional 37,889 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Matador Resources during the third quarter valued at about $61,615,000. LSV Asset Management raised its stake in shares of Matador Resources by 5.9% during the third quarter. LSV Asset Management now owns 3,532,303 shares of the energy company’s stock valued at $158,706,000 after acquiring an additional 197,528 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Matador Resources during the third quarter valued at about $871,000. 91.98% of the stock is owned by institutional investors.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non?operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.