Brian J. Willey Acquires 1,500 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) CFO Brian J. Willey bought 1,500 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $50.50 per share, for a total transaction of $75,750.00. Following the completion of the purchase, the chief financial officer now owns 1,500 shares of the company’s stock, valued at approximately $75,750. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Matador Resources Trading Down 1.6 %

Matador Resources stock opened at $49.87 on Tuesday. Matador Resources has a 12-month low of $49.70 and a 12-month high of $71.08. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 6.83 and a beta of 3.27. The firm has a 50 day moving average of $58.08 and a 200 day moving average of $61.48. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.29. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The firm had revenue of $847.14 million during the quarter, compared to analyst estimates of $822.55 million. During the same quarter in the prior year, the company posted $1.42 earnings per share. The business’s quarterly revenue was up 32.8% compared to the same quarter last year. As a group, research analysts predict that Matador Resources will post 7.83 earnings per share for the current year.

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Thursday, August 15th. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Hedge Funds Weigh In On Matador Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC grew its holdings in Matador Resources by 32.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 23,221 shares of the energy company’s stock valued at $1,320,000 after buying an additional 5,747 shares in the last quarter. TFO Wealth Partners LLC grew its holdings in shares of Matador Resources by 310,920.0% in the fourth quarter. TFO Wealth Partners LLC now owns 15,551 shares of the energy company’s stock valued at $884,000 after purchasing an additional 15,546 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Matador Resources in the first quarter worth $828,000. Prevail Innovative Wealth Advisors LLC raised its stake in Matador Resources by 28.6% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 37,163 shares of the energy company’s stock valued at $2,481,000 after purchasing an additional 8,254 shares in the last quarter. Finally, Burford Brothers Inc. bought a new position in Matador Resources during the fourth quarter valued at $1,535,000. Institutional investors own 91.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MTDR. Stephens decreased their target price on shares of Matador Resources from $83.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Mizuho boosted their price objective on shares of Matador Resources from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 target price on shares of Matador Resources in a research note on Thursday, July 25th. TD Cowen upped their price target on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Wolfe Research started coverage on Matador Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.17.

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.