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 business’s stock in a transaction dated Thursday, August 27th. The stock was purchased at an average price of $56.64 per share, for a total transaction of $141,600.00. Following the completion of the acquisition, the chief financial officer 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 purchase was disclosed in a document filed with the SEC, which is available at this link.

Matador Resources Stock Up 3.1%

NYSE:MTDR opened at $58.16 on Tuesday. The stock has a 50-day simple moving average of $52.20 and a 200 day simple moving average of $54.93. Matador Resources Company has a 52-week low of $37.14 and a 52-week high of $66.84. The company has a market cap of $7.20 billion, a PE ratio of 9.98 and a beta of 0.76. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65.

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

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, August 10th. Matador Resources’s payout ratio is currently 25.73%.

Institutional Investors Weigh In On Matador Resources

Institutional investors and hedge funds have recently modified their holdings of the company. Great Lakes Advisors LLC acquired a new stake in shares of Matador Resources in the second quarter valued at approximately $605,000. Quantbot Technologies LP acquired a new position in shares of Matador Resources during the 2nd quarter worth approximately $3,682,000. Morningstar Investment Management LLC acquired a new position in shares of Matador Resources during the 1st quarter worth approximately $2,630,000. BlackRock Inc. acquired a new position in shares of Matador Resources during the 2nd quarter worth approximately $573,936,000. Finally, Peterson Wealth Services raised its stake in Matador Resources by 333.7% in the 4th quarter. Peterson Wealth Services now owns 51,356 shares of the energy company’s stock valued at $2,180,000 after acquiring an additional 39,516 shares during the period. 91.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on MTDR shares. Morgan Stanley lowered 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 research note on Monday, June 29th. Wells Fargo & Company increased their price objective on shares of Matador Resources from $63.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. UBS Group raised their price objective on Matador Resources from $54.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Weiss Ratings raised Matador Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Finally, KeyCorp dropped their target price on Matador Resources from $73.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.07.

Matador Resources Company Profile

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.