Reynald Baribault Acquires 400 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources Company (NYSE:MTDR) Director Reynald Baribault acquired 400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average cost of $38.49 per share, with a total value of $15,396.00. Following the completion of the transaction, the director directly owned 6,915 shares in the company, valued at $266,158.35. The trade was a 6.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Matador Resources Stock Performance

Shares of Matador Resources stock traded up $0.77 during midday trading on Thursday, hitting $37.96. The company had a trading volume of 2,099,395 shares, compared to its average volume of 1,766,606. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 6.06 and a beta of 1.35. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $44.83 and a 200 day simple moving average of $46.19. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $64.04.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.22 by $0.14. The firm had revenue of $939.02 million during the quarter, compared to analyst estimates of $893.22 million. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. Matador Resources’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $1.89 EPS. As a group, analysts predict that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 10th will be issued a $0.375 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, November 10th. This represents a $1.50 annualized dividend and a yield of 4.0%. Matador Resources’s dividend payout ratio is currently 23.96%.

Institutional Investors Weigh In On Matador Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. D.A. Davidson & CO. purchased a new position in shares of Matador Resources during the 1st quarter valued at approximately $263,000. Teacher Retirement System of Texas purchased a new position in shares of Matador Resources during the 1st quarter valued at approximately $885,000. OneDigital Investment Advisors LLC purchased a new position in shares of Matador Resources during the 1st quarter valued at approximately $200,000. Penserra Capital Management LLC lifted its position in shares of Matador Resources by 89.9% during the 1st quarter. Penserra Capital Management LLC now owns 15,570 shares of the energy company’s stock valued at $795,000 after buying an additional 7,369 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of Matador Resources by 27.7% during the 1st quarter. M&T Bank Corp now owns 14,341 shares of the energy company’s stock valued at $732,000 after buying an additional 3,107 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MTDR. Morgan Stanley cut their price target on shares of Matador Resources from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. William Blair began coverage on shares of Matador Resources in a report on Monday, August 25th. They issued an “outperform” rating on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 price target (down previously from $63.00) on shares of Matador Resources in a report on Monday, October 20th. Royal Bank Of Canada increased their price target on shares of Matador Resources from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Finally, Bank of America dropped their price objective on shares of Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.57.

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.