Robert Gaines Baty Acquires 500 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) Director Robert Gaines Baty bought 500 shares of the stock in a transaction on Friday, September 13th. The shares were bought at an average price of $50.58 per share, with a total value of $25,290.00. Following the acquisition, the director now owns 67,617 shares of the company’s stock, valued at $3,420,067.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Matador Resources Stock Performance

NYSE MTDR opened at $51.70 on Thursday. The firm has a market capitalization of $6.45 billion, a P/E ratio of 7.08 and a beta of 3.27. The stock has a 50-day simple moving average of $56.95 and a two-hundred day simple moving average of $60.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.86. Matador Resources has a fifty-two week low of $48.22 and a fifty-two week high of $71.08.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.76 by $0.29. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The business had revenue of $847.14 million for the quarter, compared to analyst estimates of $822.55 million. During the same quarter in the prior year, the firm posted $1.42 EPS. The business’s quarterly revenue was up 32.8% compared to the same quarter last year. On average, equities analysts forecast that Matador Resources will post 7.83 earnings per share for the current year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Thursday, August 15th. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Institutional Investors Weigh In On Matador Resources

Institutional investors have recently added to or reduced their stakes in the stock. TFO Wealth Partners LLC raised its position in Matador Resources by 310,920.0% during the fourth quarter. TFO Wealth Partners LLC now owns 15,551 shares of the energy company’s stock worth $884,000 after acquiring an additional 15,546 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Matador Resources during the first quarter valued at approximately $828,000. Prevail Innovative Wealth Advisors LLC lifted its position in shares of Matador Resources by 28.6% in the first quarter. Prevail Innovative Wealth Advisors LLC now owns 37,163 shares of the energy company’s stock valued at $2,481,000 after acquiring an additional 8,254 shares in the last quarter. Burford Brothers Inc. acquired a new stake in shares of Matador Resources in the fourth quarter worth approximately $1,535,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Matador Resources by 31.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock worth $125,435,000 after acquiring an additional 531,504 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on MTDR shares. Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research report on Wednesday, July 24th. Mizuho lowered their target price on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday. Wolfe Research assumed coverage on Matador Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Wells Fargo & Company increased their price objective on Matador Resources from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Matador Resources in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.17.

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.