Insider Buying: Matador Resources (NYSE:MTDR) COO Buys $47,770.00 in Stock

Matador Resources Company (NYSE:MTDR) COO Christopher Calvert bought 1,000 shares of the stock in a transaction dated Friday, September 12th. The shares were acquired at an average price of $47.77 per share, with a total value of $47,770.00. Following the completion of the acquisition, the chief operating officer directly owned 37,500 shares of the company’s stock, valued at approximately $1,791,375. The trade was a 2.74% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $47.52 on Thursday. Matador Resources Company has a twelve month low of $35.19 and a twelve month high of $64.04. The firm has a market cap of $5.92 billion, a P/E ratio of 6.96 and a beta of 1.49. The company has a 50 day moving average of $49.02 and a 200 day moving average of $46.84. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.57.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.24. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The business had revenue of $895.31 million during the quarter, compared to analyst estimates of $892.86 million. During the same period in the previous year, the business earned $2.05 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, research analysts expect that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 15th. Matador Resources’s dividend payout ratio is 18.30%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. TD Cowen upgraded shares of Matador Resources to a “strong-buy” rating in a research report on Monday, July 7th. Raymond James Financial upped their target price on shares of Matador Resources from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Mizuho reduced their price objective on shares of Matador Resources from $73.00 to $69.00 and set an “outperform” rating on the stock in a research report on Monday. William Blair started coverage on shares of Matador Resources in a research report on Monday, August 25th. They issued an “outperform” rating on the stock. Finally, KeyCorp dropped their target price on shares of Matador Resources from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $67.27.

Institutional Trading of Matador Resources

A number of large investors have recently bought and sold shares of the business. Cetera Investment Advisers lifted its stake in shares of Matador Resources by 24.0% in the 4th quarter. Cetera Investment Advisers now owns 8,070 shares of the energy company’s stock worth $454,000 after acquiring an additional 1,562 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Matador Resources in the 4th quarter worth $866,000. Quantinno Capital Management LP lifted its stake in shares of Matador Resources by 71.3% in the 4th quarter. Quantinno Capital Management LP now owns 13,141 shares of the energy company’s stock worth $739,000 after acquiring an additional 5,471 shares during the period. ProShare Advisors LLC increased its holdings in shares of Matador Resources by 7.3% in the 4th quarter. ProShare Advisors LLC now owns 5,430 shares of the energy company’s stock valued at $305,000 after purchasing an additional 369 shares in the last quarter. Finally, Snowden Capital Advisors LLC purchased a new position in shares of Matador Resources in the 4th quarter valued at about $443,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

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.