Matador Resources Company (NYSE:MTDR - Get Free Report) CFO Christopher Calvert bought 2,500 shares of the business's stock in a transaction dated Thursday, August 27th. The shares were bought at an average price of $56.64 per share, with a total value of $141,600.00. Following the purchase, the chief financial officer owned 44,000 shares in the company, valued at $2,492,160. The trade was a 6.02% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Matador Resources Stock Performance
Shares of MTDR stock opened at $58.16 on Tuesday. Matador Resources Company has a 52 week low of $37.14 and a 52 week high of $66.84. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 9.98 and a beta of 0.76. The company has a 50-day simple moving average of $52.20 and a 200 day simple moving average of $54.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65.
Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.53. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.06 billion. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The business's revenue was up 32.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.53 EPS. On average, sell-side analysts predict that Matador Resources Company will post 7.26 earnings per share for the current year.
Matador Resources Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.50 annualized dividend and a dividend yield of 2.6%. Matador Resources's dividend payout ratio is presently 25.73%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Matador Resources in the second quarter valued at approximately $573,936,000. Dimensional Fund Advisors LP grew its position in Matador Resources by 4.2% during the first quarter. Dimensional Fund Advisors LP now owns 6,948,104 shares of the energy company's stock worth $439,010,000 after buying an additional 277,839 shares in the last quarter. California State Teachers Retirement System grew its position in Matador Resources by 5,019.7% during the second quarter. California State Teachers Retirement System now owns 6,833,201 shares of the energy company's stock worth $340,157,000 after buying an additional 6,699,733 shares in the last quarter. State Street Corp grew its position in Matador Resources by 1.9% during the fourth quarter. State Street Corp now owns 4,617,864 shares of the energy company's stock worth $195,982,000 after buying an additional 86,344 shares in the last quarter. Finally, LSV Asset Management increased its stake in Matador Resources by 8.8% during the 4th quarter. LSV Asset Management now owns 3,842,011 shares of the energy company's stock worth $163,055,000 after acquiring an additional 309,708 shares during the period. 91.98% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on MTDR shares. Mizuho raised Matador Resources to a "strong-buy" rating in a report on Friday, July 31st. Citigroup decreased their price objective on Matador Resources from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th. Wells Fargo & Company increased their price objective on Matador Resources from $63.00 to $79.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. Stephens lifted their target price on Matador Resources from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Tuesday, July 28th. Finally, Roth Capital raised shares of Matador Resources from a "neutral" rating to a "buy" rating and set a $65.00 target price for the company in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.07.
Get Our Latest Stock Analysis on MTDR
Matador Resources Company Profile
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Get Free Report)
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.
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