Glenn Stetson Acquires 700 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources Company (NYSE:MTDR) EVP Glenn Stetson acquired 700 shares of Matador Resources stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $39.95 per share, for a total transaction of $27,965.00. Following the completion of the purchase, the executive vice president owned 94,652 shares of the company’s stock, valued at approximately $3,781,347.40. This represents a 0.75% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Matador Resources Stock Down 1.3%

Shares of NYSE MTDR opened at $38.76 on Wednesday. The stock has a market cap of $4.82 billion, a P/E ratio of 6.19 and a beta of 1.41. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.55. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $64.04. The business’s fifty day simple moving average is $45.08 and its 200-day simple moving average is $46.26.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.14. The business had revenue of $939.02 million for the quarter, compared to analysts’ expectations of $893.22 million. Matador Resources had a return on equity of 14.80% and a net margin of 20.46%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $1.89 earnings per share. As a group, equities analysts predict that Matador Resources Company 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, December 5th. Stockholders of record on Monday, November 10th will be paid a $0.375 dividend. The ex-dividend date is Monday, November 10th. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 annualized dividend and a dividend yield of 3.9%. Matador Resources’s payout ratio is 23.96%.

Wall Street Analysts Forecast Growth

MTDR has been the topic of several analyst reports. UBS Group reduced their price objective on Matador Resources from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. KeyCorp cut their price target on Matador Resources from $61.00 to $52.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Mizuho cut their price target on Matador Resources from $69.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. William Blair initiated coverage on Matador Resources in a research report on Monday, August 25th. They set an “outperform” rating for the company. Finally, Royal Bank Of Canada upped their price objective on Matador Resources from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Adage Capital Partners GP L.L.C. grew its holdings in shares of Matador Resources by 143.1% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,556,472 shares of the energy company’s stock worth $121,995,000 after purchasing an additional 1,505,000 shares during the last quarter. LSV Asset Management grew its holdings in shares of Matador Resources by 45.7% during the second quarter. LSV Asset Management now owns 3,334,775 shares of the energy company’s stock worth $159,135,000 after purchasing an additional 1,045,396 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Matador Resources by 7.6% during the first quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company’s stock worth $690,310,000 after purchasing an additional 956,090 shares during the last quarter. Encompass Capital Advisors LLC purchased a new position in shares of Matador Resources during the second quarter worth about $37,194,000. Finally, Nuveen LLC purchased a new position in shares of Matador Resources during the first quarter worth about $35,715,000. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Company Profile

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.