Matador Resources (NYSE:MTDR) COO Purchases $71,721.00 in Stock

Matador Resources (NYSE:MTDR) COO Christopher P. Calvert bought 1,300 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of $55.17 per share, with a total value of $71,721.00. Following the completion of the acquisition, the chief operating officer now owns 34,000 shares in the company, valued at approximately $1,875,780. This represents a 3.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Matador Resources Stock Down 0.7 %

MTDR stock opened at $52.08 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average of $58.03 and a two-hundred day moving average of $55.76. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 7.29 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. As a group, analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is currently 17.51%.

Institutional Investors Weigh In On Matador Resources

A number of hedge funds have recently modified their holdings of MTDR. LSV Asset Management raised its stake in Matador Resources by 262.0% during the fourth quarter. LSV Asset Management now owns 1,517,308 shares of the energy company’s stock worth $85,364,000 after purchasing an additional 1,098,108 shares during the period. Boston Trust Walden Corp purchased a new stake in shares of Matador Resources during the 3rd quarter valued at approximately $51,788,000. Copeland Capital Management LLC lifted its holdings in Matador Resources by 145.2% in the fourth quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company’s stock valued at $72,223,000 after acquiring an additional 760,122 shares during the last quarter. Webs Creek Capital Management LP purchased a new position in Matador Resources in the fourth quarter worth approximately $37,894,000. Finally, Yaupon Capital Management LP increased its stake in Matador Resources by 565.4% during the third quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock worth $36,770,000 after acquiring an additional 632,218 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MTDR. Wolfe Research upgraded shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. Stephens increased their price target on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Morgan Stanley assumed coverage on Matador Resources in a research report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price objective for the company. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and an average target price of $75.14.

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.