Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran Acquires 5,000 Shares

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran acquired 5,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were bought at an average cost of $51.44 per share, with a total value of $257,200.00. Following the transaction, the chief executive officer directly owned 30,617 shares of the company’s stock, valued at $1,574,938.48. This represents a 19.52% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Joseph Wm Foran also recently made the following trade(s):

• On Wednesday, August 12th, Joseph Wm Foran bought 10,000 shares of Matador Resources stock. The stock was purchased at an average price of $52.16 per share, for a total transaction of $521,600.00.
• On Tuesday, August 11th, Joseph Wm Foran acquired 709 shares of Matador Resources stock. The stock was acquired at an average price of $51.68 per share, for a total transaction of $36,641.12.
• On Monday, August 10th, Joseph Wm Foran acquired 3,130 shares of Matador Resources stock. The stock was acquired at an average cost of $51.04 per share, for a total transaction of $159,755.20.
• On Tuesday, June 9th, Joseph Wm Foran bought 2,000 shares of Matador Resources stock. The stock was acquired at an average cost of $53.07 per share, with a total value of $106,140.00.
• On Thursday, June 4th, Joseph Wm Foran purchased 2,000 shares of Matador Resources stock. The stock was acquired at an average price of $56.25 per share, for a total transaction of $112,500.00.
• On Friday, May 29th, Joseph Wm Foran acquired 482 shares of Matador Resources stock. The shares were acquired at an average price of $52.70 per share, with a total value of $25,401.40.
• On Wednesday, May 27th, Joseph Wm Foran bought 4,675 shares of Matador Resources stock. The stock was bought at an average cost of $52.36 per share, for a total transaction of $244,783.00.

Matador Resources Stock Performance

MTDR opened at $51.59 on Friday. The business’s 50-day simple moving average is $51.13 and its 200 day simple moving average is $53.96. Matador Resources Company has a 52-week low of $37.14 and a 52-week high of $66.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65. The firm has a market capitalization of $6.38 billion, a PE ratio of 8.85 and a beta of 0.76.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.53. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The business’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.53 EPS. As a group, sell-side analysts expect that Matador Resources Company will post 7.11 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. Matador Resources’s dividend payout ratio is 25.73%.

Key Matador Resources News

Here are the key news stories impacting Matador Resources this week:

• Positive Sentiment: Analysts maintain an overall “Moderate Buy” rating on MTDR. Wells Fargo raised its price target from $63 to $79 while keeping an “equal weight” rating, implying substantial potential upside from the referenced $51.59 level. Wells Fargo price target update
• Positive Sentiment: Siebert Williams Shank & Co. reiterated a “Buy” rating, reinforcing the bullish analyst view. The broader consensus target is approximately $65.29. Siebert Williams Shank rating
• Positive Sentiment: Matador’s Delaware Basin expansion remains a key growth driver. Its Permian acreage and associated infrastructure could support production growth and improve the value of future development. Delaware Basin expansion analysis
• Positive Sentiment: Management buying provides an additional confidence signal: CEO Joseph Wm. Foran purchased 3,130 shares for about $159,755 and another 709 shares for about $36,641, while EVP William Elsener bought 850 shares for roughly $43,299. Matador Resources insider buying
• Positive Sentiment: The company recently reported a strong second quarter, beating earnings and revenue estimates, with revenue up 32.5% year over year. Its quarterly dividend equates to $1.50 annually, or roughly a 2.9% yield based on the referenced price.
• Neutral Sentiment: KeyCorp lowered its target from $73 to $68 but retained an “overweight” rating, highlighting disagreement over valuation and the outlook for oil and gas prices. KeyCorp price target update

Institutional Trading of Matador Resources

Several hedge funds have recently added to or reduced their stakes in MTDR. Kestra Investment Management LLC boosted its stake in 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 purchasing an additional 358 shares during the period. V Square Quantitative Management LLC bought a new position in Matador Resources during the 1st quarter worth $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Matador Resources during the third quarter worth $35,000. Center for Financial Planning Inc. bought a new stake in shares of Matador Resources in the first quarter valued at about $41,000. Finally, Gilpin Wealth Management LLC bought a new stake in shares of Matador Resources in the fourth quarter valued at about $42,000. 91.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MTDR has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Matador Resources in a report on Friday, August 7th. Morgan Stanley dropped their price objective on Matador Resources from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Monday, June 29th. UBS Group lifted their target price on Matador Resources from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday. Wells Fargo & Company increased their price target on Matador Resources from $63.00 to $79.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, KeyCorp reduced their price objective on shares of Matador Resources from $73.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and an average target price of $66.07.

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.