Matador Resources (NYSE:MTDR) COO Christopher P. Calvert Buys 1,300 Shares

Matador Resources (NYSE:MTDR) COO Christopher P. Calvert bought 1,300 shares of the stock in a transaction dated Friday, February 21st. The shares were purchased at an average price of $55.17 per share, for a total transaction of $71,721.00. Following the purchase, the chief operating officer now owns 34,000 shares of the company’s stock, valued at $1,875,780. This trade represents a 3.98 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Matador Resources Trading Up 0.5 %

Shares of MTDR opened at $53.38 on Tuesday. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08. The business’s fifty day moving average is $58.12 and its 200-day moving average is $55.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 7.48 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The firm had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Equities analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a yield of 2.34%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is currently 17.51%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MTDR. Truist Financial increased their target price on Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Mizuho reduced their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Morgan Stanley initiated coverage on Matador Resources in a research report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target on the stock. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a research report on Friday, January 3rd. Finally, Stephens increased their price target on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $75.14.

Institutional Investors Weigh In On Matador Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of MTDR. American Trust lifted its holdings in Matador Resources by 11.5% during the 4th quarter. American Trust now owns 6,280 shares of the energy company’s stock worth $353,000 after buying an additional 650 shares during the period. GF Fund Management CO. LTD. acquired a new position in Matador Resources during the 4th quarter worth about $1,988,000. Neo Ivy Capital Management acquired a new position in Matador Resources during the 4th quarter worth about $3,705,000. GTS Securities LLC lifted its holdings in Matador Resources by 157.7% during the 4th quarter. GTS Securities LLC now owns 20,184 shares of the energy company’s stock worth $1,136,000 after buying an additional 12,353 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in Matador Resources during the 4th quarter worth about $68,000. Institutional investors own 91.98% of the company’s stock.

About Matador Resources

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.