Matador Resources (NYSE:MTDR) EVP William Thomas Elsener Buys 900 Shares of Company Stock

Matador Resources Company (NYSE:MTDR) EVP William Elsener acquired 900 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was bought at an average price of $51.48 per share, for a total transaction of $46,332.00. Following the purchase, the executive vice president owned 115,779 shares in the company, valued at approximately $5,960,302.92. This trade represents a 0.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

William Thomas Elsener also recently made the following trade(s):

• On Monday, August 10th, William Elsener bought 850 shares of Matador Resources stock. The stock was bought at an average price of $50.94 per share, with a total value of $43,299.00.

Matador Resources Stock Up 1.0%

Shares of NYSE:MTDR traded up $0.51 during trading on Friday, reaching $50.38. 2,411,375 shares of the company traded hands, compared to its average volume of 1,368,065. The firm has a fifty day simple moving average of $56.21 and a 200 day simple moving average of $54.51. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 0.67. Matador Resources Company has a 1-year low of $37.74 and a 1-year high of $66.84. The firm has a market cap of $6.23 billion, a P/E ratio of 8.69 and a beta of 0.93.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, November 3rd. The energy company reported $2.08 earnings per share for the quarter, topping 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 business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the business posted $1.36 earnings per share. Matador Resources’s revenue for the quarter was up 33.9% compared to the same quarter last year. Analysts anticipate that Matador Resources Company will post 8.12 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

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

Institutional Trading of Matador Resources

Several large investors have recently made changes to their positions in MTDR. V Square Quantitative Management LLC bought a new position in shares of Matador Resources in the 1st quarter valued at approximately $27,000. Root Financial Partners LLC bought a new stake in Matador Resources during the third quarter worth approximately $25,000. Center for Financial Planning Inc. bought a new stake in Matador Resources during the first quarter worth approximately $41,000. Altshuler Shaham Ltd grew its holdings in Matador Resources by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock valued at $47,000 after purchasing an additional 201 shares during the last quarter. Finally, Harbor Investment Advisory LLC acquired a new position in Matador Resources during the second quarter valued at approximately $44,000. Institutional investors own 91.98% of the company’s stock.

Key Headlines Impacting 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

Wall Street Analyst Weigh In

MTDR has been the subject of several recent research reports. UBS Group boosted their price target on Matador Resources from $56.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Weiss Ratings raised shares of Matador Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Wall Street Zen upgraded shares of Matador Resources from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Scotiabank began coverage on shares of Matador Resources in a research report on Thursday, October 15th. They issued a “sector perform” rating and a $59.00 target price for the company. Finally, Citigroup decreased their target price on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.50.

Matador Resources Company Profile

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.