Matador Resources (NYSE:MTDR) Stock: Insider Benjamin Colodney Acquires 500 Shares

Matador Resources Company (NYSE:MTDR) CAO Benjamin Colodney bought 500 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were purchased at an average price of $51.52 per share, for a total transaction of $25,760.00. Following the purchase, the chief accounting officer owned 13,579 shares in the company, valued at $699,590.08. This trade represents a 3.82% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $50.38 on Friday. The company has a 50-day simple moving average of $56.21 and a two-hundred day simple moving average of $54.51. Matador Resources Company has a one year low of $37.74 and a one year high of $66.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65. The company has a market capitalization of $6.23 billion, a PE ratio of 8.69 and a beta of 0.93.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, November 3rd. The energy company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.23. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business posted $1.36 earnings per share. Matador Resources’s quarterly revenue was up 33.9% on a year-over-year basis. Research analysts expect that Matador Resources Company will post 8.12 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.4375 per share. This is a positive change from Matador Resources’s previous quarterly dividend of $0.3750. This represents a $1.75 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, November 10th. Matador Resources’s payout ratio is currently 25.86%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MTDR. Diversified Trust Co increased its stake in shares of Matador Resources by 1.8% in the third quarter. Diversified Trust Co now owns 24,436 shares of the energy company’s stock valued at $1,260,000 after purchasing an additional 434 shares during the period. Allworth Financial LP lifted its stake in Matador Resources by 27.6% in the third quarter. Allworth Financial LP now owns 1,621 shares of the energy company’s stock valued at $81,000 after buying an additional 351 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Matador Resources by 60.9% in the third quarter. Russell Investments Group Ltd. now owns 185,598 shares of the energy company’s stock valued at $9,573,000 after buying an additional 70,256 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Matador Resources by 33.3% in the third quarter. Fifth Third Bancorp now owns 150,931 shares of the energy company’s stock valued at $7,785,000 after acquiring an additional 37,676 shares in the last quarter. Finally, Alpha Wealth Funds LLC acquired a new position in Matador Resources during the third quarter worth about $304,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Matador Resources

Here are the key news stories impacting Matador Resources this week:

• Positive Sentiment: Three executives bought shares on November 5: EVP William Elsener purchased 900 shares, CFO Christopher Calvert bought 2,000, and CAO Benjamin Colodney bought 500. Insider buying can signal confidence in the company’s prospects. Insider purchase report
• Positive Sentiment: Matador’s third-quarter results topped expectations: EPS was $2.08 versus $1.85 expected, while revenue reached $1.39 billion against $1.12 billion expected, up 33.9% year over year. The company also increased its quarterly dividend 17%, to $0.4375 per share. Q3 results presentation
• Positive Sentiment: Truist raised its price target to $66 from $65 and maintained a Buy rating; Stifel Nicolaus also reaffirmed its Buy rating. Stifel Nicolaus rating
• Neutral Sentiment: Scotiabank reaffirmed its Hold rating, suggesting a more cautious view alongside the recent Buy calls. Scotiabank rating
• Negative Sentiment: A recent Q3 review pointed to margin compression despite production growth. That could temper the positive earnings and revenue surprises if profitability remains under pressure. Q3 analysis

Analyst Ratings Changes

MTDR has been the topic of several recent research reports. Truist Financial increased their price objective on Matador Resources from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp increased their price objective on Matador Resources from $68.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 15th. Morgan Stanley lifted their price target on Matador Resources from $66.00 to $69.00 and gave the company an “equal weight” rating in a report on Thursday, October 15th. Citigroup lowered their target price on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Finally, Stifel Nicolaus initiated coverage on shares of Matador Resources in a research report on Thursday, September 10th. They issued a “buy” rating and a $66.00 target price for the company. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.50.

About Matador Resources

Matador Resources Company (NYSE: MTDR) is an independent energy company engaged in the exploration, development, production and acquisition of oil, natural gas and natural gas liquids. The company focuses primarily on unconventional, or shale, resource plays and operates across both upstream exploration and production and related midstream activities.

Matador’s principal exploration and production operations are located in the Delaware Basin in southeastern New Mexico and West Texas. Its midstream operations, conducted primarily through San Mateo Midstream, provide natural gas gathering and processing, crude oil and produced-water gathering, and water sourcing and disposal services that support the company’s operations and other producers in the region.

Founded in 2003 and headquartered in Dallas, Texas, Matador has historically expanded through development and acquisitions in U.S.