Joseph Wm Foran Buys 400 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran bought 400 shares of the company’s stock in a transaction on Monday, August 17th. The shares were acquired at an average cost of $53.64 per share, for a total transaction of $21,456.00. Following the completion of the acquisition, the chief executive officer directly owned 31,017 shares of the company’s stock, valued at $1,663,751.88. This trade represents a 1.31% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, August 13th, Joseph Wm Foran purchased 5,000 shares of Matador Resources stock. The stock was acquired at an average cost of $51.44 per share, with a total value of $257,200.00.
• On Wednesday, August 12th, Joseph Wm Foran acquired 10,000 shares of Matador Resources stock. The shares were acquired at an average cost of $52.16 per share, with a total value of $521,600.00.
• On Tuesday, August 11th, Joseph Wm Foran acquired 709 shares of Matador Resources stock. The shares were acquired at an average cost of $51.68 per share, with a total value of $36,641.12.
• On Monday, August 10th, Joseph Wm Foran acquired 3,130 shares of Matador Resources stock. The shares were acquired at an average price 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, for a total transaction of $106,140.00.
• On Thursday, June 4th, Joseph Wm Foran bought 2,000 shares of Matador Resources stock. The stock was bought at an average price of $56.25 per share, with a total value of $112,500.00.
• On Friday, May 29th, Joseph Wm Foran bought 482 shares of Matador Resources stock. The shares were bought at an average cost of $52.70 per share, with a total value of $25,401.40.
• On Wednesday, May 27th, Joseph Wm Foran purchased 4,675 shares of Matador Resources stock. The shares were bought at an average price of $52.36 per share, for a total transaction of $244,783.00.

Matador Resources Stock Up 0.7%

Shares of Matador Resources stock opened at $58.42 on Friday. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 10.02 and a beta of 0.76. Matador Resources Company has a twelve month low of $37.14 and a twelve month high of $66.84. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.67. The business’s 50 day simple moving average is $51.37 and its 200-day simple moving average is $54.40.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.53. The business had revenue of $1.17 billion during 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 revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 EPS. Equities research analysts forecast that Matador Resources Company will post 7.19 earnings per share for the current year.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.375 per share. 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 payout ratio is 25.73%.

Institutional Investors Weigh In On Matador Resources

A number of institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in shares of Matador Resources by 1,104.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock worth $103,000 after buying an additional 1,845 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after acquiring an additional 690 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Matador Resources in the second quarter worth about $255,000. Arrowstreet Capital Limited Partnership acquired a new stake in Matador Resources in the 2nd quarter valued at about $5,126,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Matador Resources by 767.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock valued at $156,000 after acquiring an additional 2,885 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MTDR has been the subject of a number of analyst reports. Wall Street Zen raised shares of Matador Resources from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. UBS Group boosted their price objective on Matador Resources from $54.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Morgan Stanley lowered their target price on Matador Resources from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Monday, June 29th. Citigroup reduced their price target on Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Finally, Stephens raised their price target on Matador Resources from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and an average price target of $66.07.

Matador Resources Company Profile

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.