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 P. Calvert purchased 1,000 shares of the stock in a transaction dated Friday, September 12th. The shares were acquired at an average cost of $47.77 per share, with a total value of $47,770.00. Following the acquisition, the chief operating officer directly owned 37,500 shares in the company, valued at $1,791,375. This represents a 2.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Matador Resources Price Performance

Shares of Matador Resources stock traded down $2.00 during trading on Friday, reaching $45.33. 2,693,403 shares of the company's stock were exchanged, compared to its average volume of 1,305,981. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.81 and a current ratio of 0.85. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $64.04. The company has a market cap of $5.64 billion, a P/E ratio of 6.64 and a beta of 1.49. The firm's 50-day moving average price is $48.78 and its 200 day moving average price is $46.83.

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

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, August 15th. Matador Resources's dividend payout ratio is presently 18.30%.

Institutional Investors Weigh In On Matador Resources

Several institutional investors and hedge funds have recently made changes to their positions in MTDR. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Matador Resources by 298.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company's stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. Kestra Investment Management LLC grew its stake in Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company's stock valued at $25,000 after acquiring an additional 358 shares during the period. MCF Advisors LLC acquired a new stake in Matador Resources in the first quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB grew its stake in Matador Resources by 93.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company's stock valued at $26,000 after acquiring an additional 267 shares during the period. Finally, Allworth Financial LP grew its stake in Matador Resources by 182.0% in the second quarter. Allworth Financial LP now owns 564 shares of the energy company's stock valued at $27,000 after acquiring an additional 364 shares during the period. Institutional investors own 91.98% of the company's stock.

Analysts Set New Price Targets

MTDR has been the subject of a number of recent research reports. KeyCorp lowered their target price on Matador Resources from $62.00 to $61.00 and set an "overweight" rating for the company in a report on Wednesday, September 3rd. William Blair initiated coverage on Matador Resources in a report on Monday, August 25th. They issued an "outperform" rating for the company. Morgan Stanley upped their target price on Matador Resources from $60.00 to $62.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. UBS Group lowered their target price on Matador Resources from $49.00 to $48.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. Finally, Mizuho reduced their price target on Matador Resources from $73.00 to $69.00 and set an "outperform" rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $67.27.

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.