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

Matador Resources Company (NYSE:MTDR) COO Glenn Stetson purchased 500 shares of Matador Resources stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average price of $53.94 per share, for a total transaction of $26,970.00. Following the transaction, the chief operating officer directly owned 94,970 shares of the company’s stock, valued at $5,122,681.80. This trade represents a 0.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Matador Resources Price Performance

Shares of NYSE MTDR 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 company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70. The company’s 50-day moving average is $59.38 and its 200 day moving average is $50.48. The stock has a market capitalization of $6.65 billion, a P/E ratio of 13.77 and a beta of 0.75.

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

Matador Resources Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. KeyCorp boosted their price target on shares of Matador Resources from $61.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Wells Fargo & Company boosted their price target on shares of Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Zacks Research cut shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Morgan Stanley upped their price objective on shares of Matador Resources from $73.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Finally, Mizuho upped their price objective on shares of Matador Resources from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.08.

Institutional Investors Weigh In On Matador Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in Matador Resources in the first quarter worth about $27,000. Kestra Investment Management LLC lifted its stake in shares of Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after buying an additional 358 shares in the last quarter. Center for Financial Planning Inc. bought a new position in shares of Matador Resources in the first quarter worth approximately $41,000. Rothschild Investment LLC lifted its stake in shares of Matador Resources by 5,927.3% in the third quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after buying an additional 652 shares in the last quarter. Finally, Altshuler Shaham Ltd lifted its stake in shares of Matador Resources by 36.7% in the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after buying an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Company Profile

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.