Van H. Singleton II Buys 1,000 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) insider Van H. Singleton II bought 1,000 shares of Matador Resources stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average price of $40.72 per share, with a total value of $40,720.00. Following the acquisition, the insider now directly owns 291,135 shares of the company’s stock, valued at $11,855,017.20. The trade was a 0.34 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Matador Resources Stock Up 1.7 %

Matador Resources stock opened at $40.33 on Wednesday. Matador Resources has a twelve month low of $35.19 and a twelve month high of $66.89. The stock has a market cap of $5.05 billion, a P/E ratio of 5.65 and a beta of 1.47. The company’s 50-day moving average price is $44.71 and its two-hundred day moving average price is $52.77. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.25. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $980.87 million. During the same period last year, the firm posted $1.71 EPS. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. As a group, analysts expect that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Announces Dividend

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 $0.3125 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 annualized dividend and a dividend yield of 3.10%. Matador Resources’s dividend payout ratio (DPR) is presently 16.78%.

Matador Resources announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the energy company to buy up to 7.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MTDR shares. Raymond James reduced their price objective on shares of Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Wells Fargo & Company decreased their price target on Matador Resources from $86.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. lowered their price target on Matador Resources from $65.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. UBS Group started coverage on shares of Matador Resources in a research note on Tuesday, April 22nd. They issued a “neutral” rating and a $47.00 target price for the company. Finally, Benchmark restated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy 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 $70.33.

Institutional Trading of Matador Resources

A number of institutional investors have recently bought and sold shares of MTDR. TCTC Holdings LLC raised its position in shares of Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after buying an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after acquiring an additional 207 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Matador Resources by 0.4% during 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 period. Atria Investments Inc grew its holdings in shares of 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 in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after purchasing an additional 256 shares during the period. Institutional investors own 91.98% of the company’s stock.

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.