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

Matador Resources Company (NYSE:MTDR) COO Christopher Calvert bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average cost of $39.44 per share, for a total transaction of $98,600.00. Following the completion of the transaction, the chief operating officer owned 40,000 shares of the company’s stock, valued at $1,577,600. This represents a 6.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Matador Resources Stock Up 2.1%

MTDR opened at $37.96 on Friday. The company has a market capitalization of $4.72 billion, a P/E ratio of 6.06 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69. The firm’s fifty day moving average price is $44.58 and its two-hundred day moving average price is $46.14. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The business had revenue of $939.02 million for the quarter, compared to analyst estimates of $893.22 million. During the same period in the previous year, the business earned $1.89 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, November 10th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 dividend on an annualized basis and a yield of 4.0%. Matador Resources’s dividend payout ratio (DPR) is presently 23.96%.

Institutional Trading of Matador Resources

Several large investors have recently made changes to their positions in MTDR. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Matador Resources by 298.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock worth $25,000 after buying an additional 400 shares in the last quarter. Kestra Investment Management LLC raised its stake in shares of Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after acquiring an additional 358 shares during the last quarter. MCF Advisors LLC bought a new position in shares of Matador Resources in the first quarter worth about $26,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Matador Resources by 93.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock worth $26,000 after purchasing an additional 267 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Matador Resources by 182.0% during the second quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock valued at $27,000 after purchasing an additional 364 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley dropped their target price on Matador Resources from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Mizuho lowered their price target on Matador Resources from $69.00 to $67.00 and set an “outperform” rating on the stock in a research report on Friday, October 10th. KeyCorp cut their price objective on Matador Resources from $61.00 to $52.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Raymond James Financial restated an “outperform” rating and issued a $55.00 target price (down previously from $63.00) on shares of Matador Resources in a research note on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Matador Resources in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.57.

Matador Resources Company Profile

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.