Insider Buying: Matador Resources (NYSE:MTDR) CFO Acquires $79,860.00 in Stock

Matador Resources Company (NYSE:MTDR) CFO Christopher Calvert bought 1,500 shares of the stock in a transaction on Friday, May 29th. The shares were bought at an average price of $53.24 per share, with a total value of $79,860.00. Following the acquisition, the chief financial officer owned 41,500 shares of the company’s stock, valued at $2,209,460. This trade represents a 3.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Matador Resources Stock Down 1.5%

Matador Resources stock opened at $55.68 on Friday. The business has a fifty day moving average of $59.16 and a two-hundred day moving average of $50.92. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. The firm has a market cap of $6.91 billion, a P/E ratio of 14.31 and a beta of 0.74. Matador Resources Company has a twelve month low of $37.14 and a twelve month high of $66.84.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.29. The business had revenue of $941.60 million for the quarter, compared to the consensus estimate of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business’s quarterly revenue was down 33.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.99 earnings per share. On average, analysts forecast that Matador Resources Company will post 7.36 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.7%. Matador Resources’s dividend payout ratio is presently 38.56%.

Hedge Funds Weigh In On Matador Resources

Hedge funds have recently made changes to their positions in the company. Kestra Investment Management LLC increased its position in shares of Matador Resources by 225.2% in the 2nd 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. V Square Quantitative Management LLC acquired a new position in shares of Matador Resources in the 1st quarter valued at $27,000. Rothschild Investment LLC increased its position in shares of Matador Resources by 5,927.3% in the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock valued at $30,000 after acquiring an additional 652 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Matador Resources in the 3rd quarter valued at $35,000. Finally, Center for Financial Planning Inc. acquired a new position in shares of Matador Resources in the 1st quarter valued at $41,000. 91.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTDR has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on Matador Resources from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Mizuho upped their price target on Matador Resources from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. BMO Capital Markets upped their price target on Matador Resources from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Zacks Research downgraded Matador Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, KeyCorp upped their price target on Matador Resources from $61.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.08.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.