Matador Resources (NYSE:MTDR) EVP Purchases $29,076.00 in 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 purchased 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 of the company's stock, valued at approximately $5,430,863.74. The trade was a 0.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Matador Resources Stock Performance

NYSE:MTDR traded down $1.97 during midday trading on Friday, hitting $45.36. The company's stock had a trading volume of 827,342 shares, compared to its average volume of 1,670,145. The firm has a market cap of $5.65 billion, a P/E ratio of 6.63 and a beta of 1.49. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The firm's 50 day moving average is $48.92 and its 200-day moving average is $46.83. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81.

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

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a $0.3125 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.8%. Matador Resources's payout ratio is presently 18.30%.

Analyst Ratings Changes

MTDR has been the topic of several research reports. William Blair began coverage on Matador Resources in a report on Monday, August 25th. They issued an "outperform" rating on the stock. UBS Group lowered their target price on Matador Resources from $49.00 to $48.00 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Wells Fargo & Company reduced their target price on Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a report on Monday, June 16th. KeyCorp cut their target price on Matador Resources from $62.00 to $61.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 3rd. Finally, Mizuho lowered their price target on Matador Resources from $73.00 to $69.00 and set an "outperform" rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $67.27.

Institutional Trading of Matador Resources

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Matador Resources by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company's stock valued at $690,310,000 after purchasing an additional 956,090 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Matador Resources by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,464,857 shares of the energy company's stock valued at $279,192,000 after acquiring an additional 20,134 shares in the last quarter. LSV Asset Management grew its holdings in shares of Matador Resources by 45.7% in the second quarter. LSV Asset Management now owns 3,334,775 shares of the energy company's stock valued at $159,135,000 after acquiring an additional 1,045,396 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Matador Resources by 143.1% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,556,472 shares of the energy company's stock worth $121,995,000 after acquiring an additional 1,505,000 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Matador Resources by 30.5% in the first quarter. Wellington Management Group LLP now owns 2,043,715 shares of the energy company's stock worth $104,413,000 after buying an additional 477,236 shares in the last quarter. Institutional investors own 91.98% of the company's stock.

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.