Matador Resources (NYSE:MTDR) EVP William Thomas Elsener Purchases 750 Shares

Matador Resources (NYSE:MTDR - Get Free Report) EVP William Thomas Elsener purchased 750 shares of Matador Resources stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average cost of $40.10 per share, for a total transaction of $30,075.00. Following the completion of the purchase, the executive vice president now owns 111,197 shares of the company's stock, valued at $4,458,999.70. This trade represents a 0.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Matador Resources Price Performance

Shares of NYSE:MTDR opened at $40.88 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The firm's 50 day simple moving average is $45.42 and its two-hundred day simple moving average is $53.00. The company has a market capitalization of $5.12 billion, a P/E ratio of 5.75 and a beta of 2.74. Matador Resources has a 1-year low of $35.19 and a 1-year high of $66.89.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.25. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $980.87 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The business's revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.71 EPS. Research analysts expect that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, May 9th. Matador Resources's dividend payout ratio is currently 16.78%.

Matador Resources announced that its board has authorized a stock buyback plan on Wednesday, April 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the energy company to buy up to 7.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Institutional Trading of Matador Resources

Large investors have recently modified their holdings of the company. TCTC Holdings LLC lifted its position in shares of Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after purchasing an additional 175 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock valued at $29,000 after purchasing an additional 207 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of Matador Resources by 0.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 55,482 shares of the energy company's stock valued at $2,835,000 after acquiring an additional 244 shares during the last quarter. Atria Investments Inc grew its position in Matador Resources by 3.1% during the 4th quarter. Atria Investments Inc now owns 8,188 shares of the energy company's stock worth $461,000 after purchasing an additional 249 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock valued at $28,000 after acquiring an additional 256 shares during the period. Hedge funds and other institutional investors own 91.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MTDR shares. Raymond James lowered their price objective on Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Truist Financial raised their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 13th. KeyCorp reduced their price target on shares of Matador Resources from $72.00 to $60.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. cut their target price on Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, Stephens dropped their price objective on Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Matador Resources currently has an average rating of "Moderate Buy" and an average target price of $70.33.

About Matador Resources

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.

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