Matador Resources (NYSE:MTDR) COO Purchases $47,770.00 in Stock

Key Points

• COO Christopher Calvert of Matador Resources purchased 1,000 shares at $47.77 each, totaling $47,770, and now holds 37,500 shares valued at approximately $1.79 million.
• Matador Resources reported $1.53 earnings per share for the last quarter, exceeding analysts' expectations by $0.24, with revenue reaching $895.31 million.
• The company recently declared a quarterly dividend of $0.3125 per share, reflecting a dividend yield of 2.7% and a payout ratio of 18.3%.

Matador Resources Company (NYSE:MTDR - Get Free Report) COO Christopher Calvert purchased 1,000 shares of the business's stock in a transaction on Friday, September 12th. The stock was purchased at an average cost of $47.77 per share, for a total transaction of $47,770.00. Following the completion of the acquisition, the chief operating officer directly owned 37,500 shares of the company's stock, valued at approximately $1,791,375. The trade was a 2.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Matador Resources Price Performance

Shares of Matador Resources stock traded down $1.16 during trading hours on Monday, reaching $46.50. The stock had a trading volume of 1,691,772 shares, compared to its average volume of 1,674,092. Matador Resources Company has a twelve month low of $35.19 and a twelve month high of $64.04. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.57. The stock's 50 day moving average is $49.23 and its 200 day moving average is $46.86. The firm has a market capitalization of $5.79 billion, a PE ratio of 6.81 and a beta of 1.49.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The energy company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.24. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The firm had revenue of $895.31 million during the quarter, compared to analysts' expectations of $892.86 million. During the same quarter last year, the company posted $2.05 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts expect that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a $0.3125 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.25 annualized dividend and a dividend yield of 2.7%. Matador Resources's payout ratio is presently 18.30%.

Institutional Investors Weigh In On Matador Resources

Several large investors have recently made changes to their positions in the company. Alternative Investment Advisors LLC. lifted its position in Matador Resources by 7.2% during the 2nd quarter. Alternative Investment Advisors LLC. now owns 24,976 shares of the energy company's stock valued at $1,192,000 after purchasing an additional 1,672 shares during the period. American Trust acquired a new stake in shares of Matador Resources during the second quarter worth $287,000. Cim Investment Management Inc. lifted its holdings in shares of Matador Resources by 100.7% during the second quarter. Cim Investment Management Inc. now owns 8,688 shares of the energy company's stock worth $452,000 after buying an additional 4,360 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Matador Resources in the second quarter worth $546,000. Finally, Geneos Wealth Management Inc. grew its position in Matador Resources by 58.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,399 shares of the energy company's stock valued at $67,000 after acquiring an additional 518 shares during the last quarter. Institutional investors own 91.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MTDR. Mizuho decreased their price objective on shares of Matador Resources from $73.00 to $69.00 and set an "outperform" rating on the stock in a report on Monday. Morgan Stanley upped their price target on shares of Matador Resources from $60.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Raymond James Financial upped their price target on shares of Matador Resources from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Bank of America initiated coverage on shares of Matador Resources in a research report on Monday, May 19th. They issued a "buy" rating and a $56.00 price objective for the company. Finally, UBS Group lowered their price target on shares of Matador Resources from $49.00 to $48.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $67.27.

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.

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