Christopher P. Calvert Acquires 1,000 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) COO Christopher P. Calvert purchased 1,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of $49.27 per share, with a total value of $49,270.00. Following the purchase, the chief operating officer now directly owns 35,000 shares of the company’s stock, valued at approximately $1,724,450. The trade was a 2.94 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Matador Resources Stock Down 1.3 %

Shares of NYSE:MTDR opened at $45.84 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $5.74 billion, a P/E ratio of 6.42 and a beta of 3.22. Matador Resources has a 52-week low of $43.89 and a 52-week high of $71.08. The stock’s fifty day simple moving average is $57.74 and its 200-day simple moving average is $55.57.

Matador Resources (NYSE:MTDR) last released its earnings results 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 firm had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million. As a group, equities research analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.3125 per share. The ex-dividend date is Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a yield of 2.73%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio (DPR) is 17.51%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MTDR. Vanguard Group Inc. increased its stake in shares of Matador Resources by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company’s stock valued at $706,375,000 after acquiring an additional 187,633 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Matador Resources by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,444,723 shares of the energy company’s stock valued at $306,313,000 after purchasing an additional 30,184 shares during the period. Victory Capital Management Inc. raised its stake in Matador Resources by 2.7% during the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock worth $136,009,000 after purchasing an additional 72,077 shares during the period. Alliancebernstein L.P. raised its stake in Matador Resources by 25.9% during the fourth quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock worth $151,824,000 after purchasing an additional 555,245 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Matador Resources by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock valued at $99,297,000 after purchasing an additional 36,921 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research report on Wednesday, January 15th. Morgan Stanley began coverage on shares of Matador Resources in a report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target for the company. Truist Financial lifted their price objective on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. TD Cowen raised their price objective on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Benchmark reiterated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Matador Resources has an average 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.