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

Matador Resources Company (NYSE:MTDR) CFO Christopher Calvert acquired 2,500 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were bought at an average price of $56.64 per share, with a total value of $141,600.00. Following the completion of the purchase, 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 Securities & Exchange Commission, which can be accessed through the SEC website.

Matador Resources Stock Up 2.1%

Shares of NYSE MTDR opened at $59.24 on Wednesday. Matador Resources Company has a 52-week low of $37.14 and a 52-week high of $66.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65. The business has a fifty day moving average of $52.38 and a two-hundred day moving average of $55.01. The stock has a market cap of $7.33 billion, a PE ratio of 10.16 and a beta of 0.79.

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

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 10th. Matador Resources’s dividend payout ratio is currently 25.73%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MTDR. KeyCorp dropped their price objective on shares of Matador Resources from $73.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. Zacks Research lowered Matador Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. UBS Group raised their price target on Matador Resources from $54.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Roth Capital upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Monday, June 22nd. Finally, Truist Financial cut their price objective on Matador Resources from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.07.

Hedge Funds Weigh In On Matador Resources

A number of institutional investors have recently modified their holdings of the stock. Great Lakes Advisors LLC bought a new position in Matador Resources in the 2nd quarter worth approximately $605,000. Morningstar Investment Management LLC bought a new position in Matador Resources in the 1st quarter valued at $2,630,000. Quantbot Technologies LP bought a new position in Matador Resources in the 2nd quarter valued at $3,682,000. Peterson Wealth Services increased its stake in shares of 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 buying an additional 39,516 shares during the period. Finally, BlackRock Inc. acquired a new stake in shares of Matador Resources in the 2nd quarter valued at $573,936,000. 91.98% of the stock is owned by institutional investors.

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.