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

Matador Resources (NYSE:MTDR) COO Christopher P. Calvert acquired 1,300 shares of Matador Resources 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 completion of the transaction, the chief operating officer now directly owns 34,000 shares in the company, valued at approximately $1,875,780. The trade was a 3.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Matador Resources Trading Up 0.5 %

NYSE MTDR traded up $0.27 on Monday, hitting $53.38. The company’s stock had a trading volume of 1,458,259 shares, compared to its average volume of 1,101,264. The firm has a market cap of $6.66 billion, a P/E ratio of 7.48 and a beta of 3.22. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08. The company’s 50-day simple moving average is $58.17 and its 200 day simple moving average is $55.82. 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 (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The company had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. Research analysts predict 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. Shareholders of record on Friday, February 28th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 2.34%. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources’s payout ratio is presently 17.51%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of Matador Resources by 12.0% during the third quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company’s stock valued at $54,122,000 after purchasing an additional 107,827 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in Matador Resources by 16.8% during the third quarter. Loomis Sayles & Co. L P now owns 455,662 shares of the energy company’s stock valued at $22,519,000 after buying an additional 65,487 shares during the period. Stifel Financial Corp boosted its holdings in shares of Matador Resources by 81.2% during the 3rd quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock valued at $1,498,000 after buying an additional 13,583 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Matador Resources by 16.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company’s stock worth $8,088,000 after buying an additional 20,172 shares during the period. Finally, HITE Hedge Asset Management LLC bought a new position in shares of Matador Resources in the 3rd quarter worth about $10,526,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company upped their target price on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Stephens upped their price objective on shares of Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. TD Cowen lifted their target price on shares of Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Mizuho lowered their price target on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research note on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.14.

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.