Matador Resources (NYSE:MTDR) CFO Christopher Calvert Purchases 2,500 Shares of Stock

Matador Resources Company (NYSE:MTDR) CFO Christopher Calvert purchased 2,500 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was bought at an average price of $56.64 per share, with a total value of $141,600.00. Following the completion of the transaction, the chief financial officer directly owned 44,000 shares of the company’s stock, valued at approximately $2,492,160. This represents a 6.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Matador Resources Stock Up 0.1%

Shares of NYSE:MTDR opened at $56.42 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.67. The business has a 50-day moving average price of $52.05 and a 200 day moving average price of $54.86. Matador Resources Company has a 12-month low of $37.14 and a 12-month high of $66.84. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 9.68 and a beta of 0.76.

Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.53. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.06 billion. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.Matador Resources’s revenue was up 32.5% compared to the same quarter last year. During the same period last year, the business posted $1.53 earnings per share. Sell-side analysts expect that Matador Resources Company will post 7.26 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.375 per share. The ex-dividend date is Monday, August 10th. This represents a $1.50 annualized dividend and a dividend yield of 2.7%. Matador Resources’s dividend payout ratio is 25.73%.

Analysts Set New Price Targets

Several research firms have recently commented on MTDR. Citigroup cut their price target on Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Weiss Ratings upgraded Matador Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Wells Fargo & Company boosted their target price on shares of Matador Resources from $63.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Mizuho raised Matador Resources to a “strong-buy” rating in a research note on Friday, July 31st. Finally, Morgan Stanley reduced their price target on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating on the stock in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and a consensus price target of $66.07.

Institutional Trading of Matador Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Matador Resources during the 1st quarter valued at approximately $27,000. Kestra Investment Management LLC boosted its holdings in Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after buying an additional 358 shares in the last quarter. Center for Financial Planning Inc. purchased a new position in Matador Resources during the 1st quarter worth approximately $41,000. Altshuler Shaham Ltd lifted its stake in Matador Resources by 36.7% in the 1st quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after acquiring an additional 201 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in Matador Resources during the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

About Matador Resources

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.