Matador Resources (NYSE:MTDR) CAO Purchases $13,352.50 in Stock

Key Points

  • Matador Resources CAO Benjamin Colodney bought 250 shares on May 29 at an average price of $53.41, totaling $13,352.50. After the purchase, he owned 2,650 shares, a 10.42% increase in his stake.
  • Recent insider buying has been broader than one executive, with Matador’s CEO, CFO, COO, and CAO all reported buying shares in late May. The article frames this as a sign of insider confidence in the company’s outlook.
  • Operational and market signals are mixed but constructive: Matador beat first-quarter EPS and revenue estimates, and analysts currently rate the stock a “Moderate Buy” with an average target price of $65.08. The company also pays a quarterly dividend of $0.375 per share, yielding about 2.7%.

Matador Resources Company (NYSE:MTDR - Get Free Report) CAO Benjamin Colodney bought 250 shares of the company's stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average cost of $53.41 per share, for a total transaction of $13,352.50. Following the acquisition, the chief accounting officer directly owned 2,650 shares of the company's stock, valued at $141,536.50. The trade was a 10.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Matador Resources Stock Performance

NYSE:MTDR opened at $55.99 on Wednesday. The firm has a market capitalization of $6.95 billion, a PE ratio of 14.39 and a beta of 0.74. The business's fifty day moving average price is $59.36 and its 200 day moving average price is $50.59. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70. Matador Resources Company has a 12 month low of $37.14 and a 12 month high of $66.84.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The firm had revenue of $941.60 million for the quarter, compared to analyst estimates of $871.57 million. During the same quarter in the prior year, the company posted $1.99 earnings per share. Matador Resources's revenue for the quarter was down 33.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Matador Resources Company will post 7.36 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement




The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, May 8th. Matador Resources's dividend payout ratio is currently 38.56%.

Matador Resources News Roundup

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

Wall Street Analyst Weigh In

MTDR has been the subject of several research analyst reports. Truist Financial upgraded shares of Matador Resources from a "hold" rating to a "buy" rating and upped their price objective for the company from $60.00 to $67.00 in a research note on Tuesday, May 12th. Weiss Ratings downgraded shares of Matador Resources from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, May 12th. TD Cowen upped their price objective on shares of Matador Resources from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, March 17th. Roth Mkm restated a "neutral" rating and issued a $65.00 price objective (up from $52.00) on shares of Matador Resources in a research note on Wednesday, April 8th. Finally, BMO Capital Markets upped their price objective on shares of Matador Resources from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Monday, April 6th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $65.08.

View Our Latest Stock Analysis on MTDR

Institutional Investors Weigh In On Matador Resources

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Matador Resources by 0.7% in the third quarter. Vanguard Group Inc. now owns 14,780,888 shares of the energy company's stock valued at $664,105,000 after purchasing an additional 101,613 shares during the period. Dimensional Fund Advisors LP lifted its position in Matador Resources by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,948,104 shares of the energy company's stock valued at $439,010,000 after purchasing an additional 277,839 shares during the period. State Street Corp lifted its position in Matador Resources by 1.9% in the fourth quarter. State Street Corp now owns 4,617,864 shares of the energy company's stock valued at $195,982,000 after purchasing an additional 86,344 shares during the period. LSV Asset Management lifted its position in Matador Resources by 8.8% in the fourth quarter. LSV Asset Management now owns 3,842,011 shares of the energy company's stock valued at $163,055,000 after purchasing an additional 309,708 shares during the period. Finally, Wellington Management Group LLP lifted its position in Matador Resources by 65.0% in the fourth quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company's stock valued at $144,558,000 after purchasing an additional 1,342,145 shares during the period. Institutional investors and hedge funds own 91.98% of the company's stock.

About Matador Resources

(Get Free Report)

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador's core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.

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