Matador Resources (NYSE:MTDR) Director Monika U. Ehrman Buys 180 Shares

Matador Resources (NYSE:MTDR) Director Monika U. Ehrman acquired 180 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $57.49 per share, for a total transaction of $10,348.20. Following the completion of the acquisition, the director now directly owns 36,267 shares in the company, valued at approximately $2,084,989.83. The trade was a 0.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Matador Resources Price Performance

MTDR traded down $1.24 during midday trading on Tuesday, hitting $54.93. 61,526 shares of the company traded hands, compared to its average volume of 1,491,649. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 7.27 and a beta of 3.26. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08. The business has a 50 day simple moving average of $55.53 and a two-hundred day simple moving average of $56.27.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data 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 business 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% compared to the same quarter last year. During the same period last year, the firm posted $1.86 earnings per share. On average, equities analysts forecast that Matador Resources will post 7.49 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders 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 dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, November 15th. Matador Resources’s dividend payout ratio (DPR) is currently 13.25%.

Hedge Funds Weigh In On Matador Resources

Several hedge funds and other institutional investors have recently modified their holdings of MTDR. Denver PWM LLC purchased a new position in shares of Matador Resources in the second quarter worth about $27,000. True Wealth Design LLC purchased a new position in shares of Matador Resources in the third quarter worth about $37,000. Avior Wealth Management LLC lifted its stake in shares of Matador Resources by 329.0% in the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after buying an additional 635 shares in the last quarter. Quarry LP lifted its stake in shares of Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after buying an additional 251 shares in the last quarter. Finally, Covestor Ltd raised its stake in Matador Resources by 154.8% during the third quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock worth $52,000 after purchasing an additional 644 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MTDR has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a report on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday. BMO Capital Markets upped their price objective on shares of Matador Resources from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Truist Financial dropped their price objective on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Finally, Mizuho lowered their price target on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Monday. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $75.31.

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.