Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran Buys 555 Shares

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran bought 555 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of $54.49 per share, with a total value of $30,241.95. Following the completion of the purchase, the chief executive officer directly owned 4,772 shares in the company, valued at $260,026.28. The trade was a 13.16% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, August 17th, Joseph Wm Foran purchased 400 shares of Matador Resources stock. The shares were acquired at an average cost of $53.64 per share, for a total transaction of $21,456.00.
• On Thursday, August 13th, Joseph Wm Foran bought 5,000 shares of Matador Resources stock. The shares were acquired at an average price of $51.44 per share, with a total value of $257,200.00.
• On Wednesday, August 12th, Joseph Wm Foran bought 10,000 shares of Matador Resources stock. The shares were acquired at an average price 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 bought 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 stock was bought 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 shares were bought at an average cost of $53.07 per share, with a total value of $106,140.00.
• On Thursday, June 4th, Joseph Wm Foran acquired 2,000 shares of Matador Resources stock. The shares were purchased at an average price of $56.25 per share, with a total value of $112,500.00.

Matador Resources Price Performance

Matador Resources stock opened at $56.42 on Friday. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 9.68 and a beta of 0.76. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.67. Matador Resources Company has a 12 month low of $37.14 and a 12 month high of $66.84. The stock’s 50 day moving average is $52.05 and its 200-day moving average is $54.81.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data 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. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the business earned $1.53 EPS. The company’s quarterly revenue was up 32.5% compared to the same quarter last year. Equities research analysts expect that Matador Resources Company will post 7.26 EPS for the current year.

Matador Resources Announces Dividend

The business also recently announced 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. This represents a $1.50 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 10th. Matador Resources’s dividend payout ratio is 25.73%.

Analyst Upgrades and Downgrades

MTDR has been the topic of a number of recent 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. Truist Financial cut their target price on Matador Resources from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Wells Fargo & Company raised their target price on Matador Resources from $63.00 to $79.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Zacks Research cut Matador Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Stephens upped their price objective on Matador Resources from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.07.

Hedge Funds Weigh In On Matador Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in 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 valued at $103,000 after acquiring an additional 1,845 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Matador Resources by 361.3% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after purchasing an additional 690 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Matador Resources during the second quarter worth $255,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Matador Resources in the second quarter worth $5,126,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Matador Resources by 767.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock worth $156,000 after purchasing an additional 2,885 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

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.