William Thomas Elsener Buys 600 Shares of Matador Resources (NYSE:MTDR) Stock

Key Points

• William Thomas Elsener, EVP of Matador Resources, purchased 600 shares at an average price of $48.46, increasing their ownership to 112,069 shares overall.
• Matador Resources recently reported earnings of $1.53 EPS, exceeding expectations, with revenue up by 8.2% compared to the previous year.
• The company declared a quarterly dividend of $0.3125 per share, resulting in an annualized dividend yield of 2.6%.

Matador Resources Company (NYSE:MTDR - Get Free Report) EVP William Thomas Elsener bought 600 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were purchased at an average cost of $48.46 per share, with a total value of $29,076.00. Following the completion of the transaction, the executive vice president owned 112,069 shares in the company, valued at $5,430,863.74. This represents a 0.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Matador Resources Trading Down 1.8%

MTDR opened at $47.72 on Monday. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 6.99 and a beta of 1.49. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.57. Matador Resources Company has a 12 month low of $35.19 and a 12 month high of $64.04. The stock has a fifty day moving average price of $49.23 and a 200-day moving average price of $46.86.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The energy company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.24. The company had revenue of $895.31 million during the quarter, compared to analysts' expectations of $892.86 million. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.The firm's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $2.05 earnings per share. As a group, equities research analysts anticipate that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 15th. Matador Resources's dividend payout ratio (DPR) is 18.30%.

Institutional Trading of Matador Resources

Several large investors have recently made changes to their positions in MTDR. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Matador Resources by 298.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company's stock worth $25,000 after purchasing an additional 400 shares in the last quarter. Kestra Investment Management LLC increased its position in shares of Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company's stock worth $25,000 after purchasing an additional 358 shares in the last quarter. MCF Advisors LLC purchased a new stake in shares of Matador Resources during the first quarter worth approximately $26,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Matador Resources by 93.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company's stock worth $26,000 after purchasing an additional 267 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Matador Resources by 182.0% during the second quarter. Allworth Financial LP now owns 564 shares of the energy company's stock worth $27,000 after purchasing an additional 364 shares in the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on MTDR. Raymond James Financial upped their price objective on Matador Resources from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. UBS Group dropped their price target on shares of Matador Resources from $49.00 to $48.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 20th. TD Cowen raised shares of Matador Resources to a "strong-buy" rating in a report on Monday, July 7th. Wells Fargo & Company lowered their target price on shares of Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a research note on Monday, June 16th. Finally, KeyCorp dropped their target price on Matador Resources from $62.00 to $61.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Matador Resources presently has an average rating of "Moderate Buy" and a consensus target price of $67.53.

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.

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