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

Matador Resources Company (NYSE:MTDRGet Free Report) CFO Christopher Calvert purchased 1,500 shares of the stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $53.24 per share, for a total transaction of $79,860.00. Following the acquisition, the chief financial officer directly owned 41,500 shares in the company, valued at approximately $2,209,460. This trade represents a 3.75% 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 Down 0.1%

Shares of NYSE:MTDR opened at $55.99 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 0.59, a quick ratio of 0.70 and a current ratio of 0.73. The company’s fifty day moving average is $59.36 and its 200-day moving average is $50.59. The company has a market capitalization of $6.95 billion, a PE ratio of 14.39 and a beta of 0.74.

Matador Resources (NYSE:MTDRGet Free Report) last issued its earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.24 by $0.29. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The company had revenue of $941.60 million for the quarter, compared to the consensus estimate of $871.57 million. During the same quarter in the previous year, the company earned $1.99 EPS. The firm’s revenue for the quarter was down 33.8% compared to the same quarter last year. Equities research analysts predict that Matador Resources Company will post 7.36 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Matador Resources from $73.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Roth Mkm restated a “neutral” rating and issued a $65.00 target price (up from $52.00) on shares of Matador Resources in a research note on Wednesday, April 8th. Wells Fargo & Company boosted their target price on shares of Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Zacks Research downgraded shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Mizuho boosted their target price on shares of Matador Resources from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and a consensus target price of $65.08.

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Key Stories Impacting Matador Resources

Here are the key news stories impacting Matador Resources this week:

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTDR. Kestra Investment Management LLC lifted its position in Matador Resources by 225.2% during the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after buying an additional 358 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Matador Resources during the 1st quarter worth about $27,000. Rothschild Investment LLC lifted its position in Matador Resources by 5,927.3% during the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after buying an additional 652 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Matador Resources during the 3rd quarter worth about $35,000. Finally, Center for Financial Planning Inc. acquired a new position in Matador Resources during the 1st quarter worth about $41,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Matador Resources (NYSE:MTDR)

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