Matador Resources (NYSE:MTDR) COO Acquires $49,270.00 in Stock

Matador Resources (NYSE:MTDR) COO Christopher P. Calvert purchased 1,000 shares of Matador Resources stock in a transaction dated Monday, March 3rd. The stock was bought at an average price of $49.27 per share, for a total transaction of $49,270.00. Following the completion of the transaction, the chief operating officer now directly owns 35,000 shares in the company, valued at $1,724,450. The trade was a 2.94 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $47.70 on Tuesday. The firm has a market cap of $5.97 billion, a P/E ratio of 6.68 and a beta of 3.22. The business’s 50 day moving average is $58.01 and its 200-day moving average is $55.71. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing the consensus estimate 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 research analysts predict that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.3125 per share. The ex-dividend date is Friday, February 28th. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a dividend yield of 2.62%. Matador Resources’s dividend payout ratio (DPR) is currently 17.51%.

Institutional Investors Weigh In On Matador Resources

A number of large investors have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Matador Resources in the 4th quarter valued at $7,529,000. American Trust increased its position in shares of Matador Resources by 11.5% in the fourth quarter. American Trust now owns 6,280 shares of the energy company’s stock worth $353,000 after purchasing an additional 650 shares during the period. GF Fund Management CO. LTD. acquired a new position in Matador Resources in the fourth quarter valued at about $1,988,000. Neo Ivy Capital Management bought a new stake in Matador Resources during the fourth quarter worth about $3,705,000. Finally, GTS Securities LLC grew its stake in Matador Resources by 157.7% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MTDR. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research report on Friday, January 3rd. Truist Financial increased their price objective on Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research note on Wednesday, January 15th. Stephens raised their price target on shares of Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, TD Cowen raised their target price on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.14.

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.