Matador Resources (NYSE:MTDR) CAO Buys $25,760.00 in Stock

Matador Resources Company (NYSE:MTDR) CAO Benjamin Colodney bought 500 shares of the business’s stock in a transaction on Thursday, November 5th. The stock was purchased at an average cost of $51.52 per share, with a total value of $25,760.00. Following the purchase, the chief accounting officer owned 13,579 shares of the company’s stock, valued at $699,590.08. This represents a 3.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Matador Resources Stock Up 1.0%

Shares of NYSE MTDR opened at $50.38 on Friday. Matador Resources Company has a one year low of $37.74 and a one year high of $66.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.55 and a quick ratio of 0.62. The firm’s 50 day simple moving average is $56.21 and its two-hundred day simple moving average is $54.51. The stock has a market capitalization of $6.23 billion, a P/E ratio of 8.69 and a beta of 0.93.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, November 3rd. The energy company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.23. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.12 billion. Matador Resources had a net margin of 18.60% and a return on equity of 14.32%. The business’s quarterly revenue was up 33.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 EPS. As a group, analysts expect that Matador Resources Company will post 8.34 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Tuesday, November 10th will be given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, November 10th. This is a boost from Matador Resources’s previous quarterly dividend of $0.3750. Matador Resources’s dividend payout ratio is 25.86%.

Wall Street Analyst Weigh In

Several analysts have weighed in on MTDR shares. Truist Financial boosted their price target on shares of Matador Resources from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus started coverage on Matador Resources in a research note on Thursday, September 10th. They set a “buy” rating and a $66.00 price objective on the stock. Seaport Research Partners initiated coverage on Matador Resources in a report on Thursday, September 3rd. They issued a “neutral” rating on the stock. Morgan Stanley lifted their price objective on Matador Resources from $66.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, October 15th. Finally, Wall Street Zen raised Matador Resources from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $68.50.

Trending Headlines about Matador Resources

Here are the key news stories impacting Matador Resources this week:

• Positive Sentiment: Three executives bought shares on November 5: EVP William Elsener purchased 900 shares, CFO Christopher Calvert bought 2,000, and CAO Benjamin Colodney bought 500. Insider buying can signal confidence in the company’s prospects. Insider purchase report
• Positive Sentiment: Matador’s third-quarter results topped expectations: EPS was $2.08 versus $1.85 expected, while revenue reached $1.39 billion against $1.12 billion expected, up 33.9% year over year. The company also increased its quarterly dividend 17%, to $0.4375 per share. Q3 results presentation
• Positive Sentiment: Truist raised its price target to $66 from $65 and maintained a Buy rating; Stifel Nicolaus also reaffirmed its Buy rating. Stifel Nicolaus rating
• Neutral Sentiment: Scotiabank reaffirmed its Hold rating, suggesting a more cautious view alongside the recent Buy calls. Scotiabank rating
• Negative Sentiment: A recent Q3 review pointed to margin compression despite production growth. That could temper the positive earnings and revenue surprises if profitability remains under pressure. Q3 analysis

Institutional Trading of Matador Resources

Institutional investors have recently made changes to their positions in the stock. Diversified Trust Co grew its holdings in shares of Matador Resources by 1.8% in the third quarter. Diversified Trust Co now owns 24,436 shares of the energy company’s stock worth $1,260,000 after purchasing an additional 434 shares during the last quarter. Allworth Financial LP raised its holdings in Matador Resources by 27.6% during the 3rd quarter. Allworth Financial LP now owns 1,621 shares of the energy company’s stock valued at $81,000 after buying an additional 351 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Matador Resources by 60.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 185,598 shares of the energy company’s stock valued at $9,573,000 after buying an additional 70,256 shares during the last quarter. Fifth Third Bancorp raised its holdings in Matador Resources by 33.3% during the 3rd quarter. Fifth Third Bancorp now owns 150,931 shares of the energy company’s stock valued at $7,785,000 after buying an additional 37,676 shares during the last quarter. Finally, Alpha Wealth Funds LLC bought a new stake in Matador Resources during the 3rd quarter valued at $304,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

About Matador Resources

Matador Resources Company (NYSE: MTDR) is an independent energy company engaged in the exploration, development, production and acquisition of oil, natural gas and natural gas liquids. The company focuses primarily on unconventional, or shale, resource plays and operates across both upstream exploration and production and related midstream activities.

Matador’s principal exploration and production operations are located in the Delaware Basin in southeastern New Mexico and West Texas. Its midstream operations, conducted primarily through San Mateo Midstream, provide natural gas gathering and processing, crude oil and produced-water gathering, and water sourcing and disposal services that support the company’s operations and other producers in the region.

Founded in 2003 and headquartered in Dallas, Texas, Matador has historically expanded through development and acquisitions in U.S.