Matador Resources (NYSE:MTDR – Get Rating) insider Billy E. Goodwin acquired 1,000 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were purchased at an average price of $44.52 per share, with a total value of $44,520.00. Following the completion of the acquisition, the insider now owns 286,624 shares in the company, valued at $12,760,500.48. The purchase was disclosed in a filing with the SEC, which is available at this link.
Matador Resources Stock Performance
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Shares of MTDR stock opened at $45.60 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.86 and a quick ratio of 1.83. The company’s fifty day moving average price is $58.89 and its two-hundred day moving average price is $60.09. The firm has a market capitalization of $5.43 billion, a P/E ratio of 4.50 and a beta of 3.55. Matador Resources has a 12 month low of $41.17 and a 12 month high of $73.78.
Matador Resources (NYSE:MTDR – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The energy company reported $2.08 EPS for the quarter, topping the consensus estimate of $1.95 by $0.13. Matador Resources had a return on equity of 44.14% and a net margin of 39.71%. The business had revenue of $707.48 million for the quarter, compared to analysts’ expectations of $651.11 million. During the same quarter in the previous year, the firm posted $1.26 earnings per share. On average, research analysts anticipate that Matador Resources will post 8.72 earnings per share for the current fiscal year.
Matador Resources Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 9th. Stockholders of record on Monday, February 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.32%. This is an increase from Matador Resources’s previous quarterly dividend of $0.10. Matador Resources’s dividend payout ratio (DPR) is presently 5.92%.
Institutional Trading of Matador Resources
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. raised its stake in shares of Matador Resources by 5.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,398 shares of the energy company’s stock valued at $763,000 after purchasing an additional 738 shares in the last quarter. US Bancorp DE lifted its holdings in Matador Resources by 2.1% during the 1st quarter. US Bancorp DE now owns 11,991 shares of the energy company’s stock worth $635,000 after buying an additional 246 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Matador Resources by 28.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,155 shares of the energy company’s stock worth $804,000 after acquiring an additional 3,373 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Matador Resources by 53.9% in the 1st quarter. MetLife Investment Management LLC now owns 59,058 shares of the energy company’s stock valued at $3,129,000 after acquiring an additional 20,684 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Matador Resources during the 1st quarter valued at approximately $214,000. Institutional investors own 87.00% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have commented on MTDR shares. Royal Bank of Canada restated an “outperform” rating and set a $78.00 price target on shares of Matador Resources in a research note on Thursday, February 23rd. StockNews.com started coverage on shares of Matador Resources in a research report on Thursday. They set a “hold” rating for the company. Truist Financial decreased their price objective on shares of Matador Resources from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, February 23rd. KeyCorp cut their target price on shares of Matador Resources from $73.00 to $67.00 in a research note on Monday, February 27th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Matador Resources in a research report on Friday, February 17th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.25.
Matador Resources Company Profile
Matador Resources Co is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring.
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