Matador Resources (NYSE:MTDR) EVP William Thomas Elsener Purchases 800 Shares of Stock

Matador Resources (NYSE:MTDR) EVP William Thomas Elsener purchased 800 shares of the company’s stock in a transaction on Friday, December 13th. The shares were bought at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the transaction, the executive vice president now directly owns 102,964 shares in the company, valued at $5,827,762.40. This represents a 0.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Matador Resources Stock Down 0.9 %

Shares of NYSE:MTDR opened at $56.17 on Tuesday. The firm has a 50 day simple moving average of $55.53 and a 200 day simple moving average of $56.27. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. The company has a market cap of $7.01 billion, a PE ratio of 7.44 and a beta of 3.26.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.11. The company had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 EPS. As a group, research analysts expect that Matador Resources will post 7.49 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were paid a $0.25 dividend. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.78%. The ex-dividend date was Friday, November 15th. Matador Resources’s dividend payout ratio is currently 13.25%.

Hedge Funds Weigh In On Matador Resources

Several institutional investors and hedge funds have recently bought and sold shares of MTDR. Denver PWM LLC lifted its position in shares of Matador Resources by 67.2% in the third quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock worth $37,000 after purchasing an additional 303 shares in the last quarter. American Trust lifted its position in Matador Resources by 60.9% in the 3rd quarter. American Trust now owns 5,630 shares of the energy company’s stock worth $278,000 after buying an additional 2,130 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Matador Resources by 12.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company’s stock valued at $54,122,000 after buying an additional 107,827 shares during the period. Synovus Financial Corp grew its holdings in shares of Matador Resources by 32.1% during the 3rd quarter. Synovus Financial Corp now owns 22,753 shares of the energy company’s stock valued at $1,124,000 after acquiring an additional 5,529 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of Matador Resources during the 3rd quarter valued at $423,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MTDR. JPMorgan Chase & Co. lowered their price objective on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. KeyCorp lowered their price target on Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a report on Friday, December 6th. Stephens boosted their price target on shares of Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Mizuho cut their price target on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

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.