Matador Resources (NYSE:MTDR) CFO Christopher Calvert Purchases 1,500 Shares

Matador Resources Company (NYSE:MTDR) CFO Christopher Calvert bought 1,500 shares of Matador Resources stock in a transaction dated Friday, May 29th. The shares were bought at an average price of $53.24 per share, for a total transaction of $79,860.00. Following the completion of the transaction, the chief financial officer directly owned 41,500 shares of the company’s stock, valued at $2,209,460. This represents a 3.75% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $56.06 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70. The firm has a 50 day simple moving average of $59.36 and a 200 day simple moving average of $50.59. Matador Resources Company has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. The firm has a market cap of $6.96 billion, a P/E ratio of 14.41 and a beta of 0.75.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. The firm had revenue of $941.60 million for the quarter, compared to analyst estimates of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same period last year, the company earned $1.99 EPS. Sell-side analysts predict that Matador Resources Company will post 7.36 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, May 8th. Matador Resources’s dividend payout ratio is 38.56%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MTDR. V Square Quantitative Management LLC acquired a new stake in Matador Resources during the 1st quarter worth $27,000. Kestra Investment Management LLC raised its position in shares of 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 purchasing an additional 358 shares during the period. Center for Financial Planning Inc. bought a new position in shares of Matador Resources during the 1st quarter valued at about $41,000. Rothschild Investment LLC lifted its holdings in shares of Matador Resources by 5,927.3% during the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock valued at $30,000 after purchasing an additional 652 shares in the last quarter. Finally, Altshuler Shaham Ltd grew its position in shares of Matador Resources by 36.7% in the 1st quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock valued at $47,000 after purchasing an additional 201 shares during the period. Institutional investors own 91.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on MTDR shares. Morgan Stanley boosted their price objective on Matador Resources from $73.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. UBS Group raised their target price on shares of Matador Resources from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. BMO Capital Markets lifted their price target on shares of Matador Resources from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Roth Mkm reissued a “neutral” rating and set a $65.00 price target (up from $52.00) on shares of Matador Resources in a research note on Wednesday, April 8th. Finally, Citigroup cut their price objective on shares of Matador Resources from $77.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.08.

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.