Matador Resources (NYSE:MTDR) CEO Acquires $30,241.95 in Stock

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran purchased 555 shares of the stock in a transaction on Wednesday, August 26th. The stock was acquired at an average cost 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 of the company’s stock, valued at $260,026.28. The trade was a 13.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, August 17th, Joseph Wm Foran acquired 400 shares of Matador Resources stock. The shares were bought at an average cost of $53.64 per share, for a total transaction of $21,456.00.
• On Thursday, August 13th, Joseph Wm Foran purchased 5,000 shares of Matador Resources stock. The shares were purchased at an average cost of $51.44 per share, with a total value of $257,200.00.
• On Wednesday, August 12th, Joseph Wm Foran purchased 10,000 shares of Matador Resources stock. The stock was purchased at an average cost 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 purchased 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 shares were purchased at an average cost of $51.04 per share, with a total value of $159,755.20.
• On Tuesday, June 9th, Joseph Wm Foran bought 2,000 shares of Matador Resources stock. The shares were purchased at an average price 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 shares were acquired at an average price of $56.25 per share, for a total transaction of $112,500.00.

Matador Resources Trading Up 2.7%

MTDR opened at $56.74 on Friday. The business has a 50 day simple moving average of $51.91 and a two-hundred day simple moving average of $54.79. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 9.73 and a beta of 0.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.65 and a quick ratio of 0.62. Matador Resources Company has a one year low of $37.14 and a one year high of $66.84.

Matador Resources (NYSE:MTDR) last released 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. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations 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 was up 32.5% on a year-over-year basis. During the same quarter last year, the business posted $1.53 EPS. Analysts predict that Matador Resources Company will post 7.26 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.50 dividend on an annualized basis and a yield of 2.6%. Matador Resources’s dividend payout ratio (DPR) is presently 25.73%.

Institutional Investors Weigh In On Matador Resources

Several hedge funds have recently bought and sold shares of the business. Great Lakes Advisors LLC bought a new position in Matador Resources during the 2nd quarter valued at approximately $605,000. Quantbot Technologies LP bought a new stake in Matador Resources in the second quarter worth $3,682,000. Morningstar Investment Management LLC purchased a new stake in shares of Matador Resources in the first quarter worth $2,630,000. Peterson Wealth Services grew its stake in shares of Matador Resources by 333.7% in the fourth quarter. Peterson Wealth Services now owns 51,356 shares of the energy company’s stock worth $2,180,000 after acquiring an additional 39,516 shares during the last quarter. Finally, BlackRock Inc. bought a new position in shares of Matador Resources during the second quarter valued at $573,936,000. Institutional investors own 91.98% of the company’s stock.

Analysts Set New Price Targets

MTDR has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Matador Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Stephens upped 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. Wall Street Zen raised Matador Resources from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Morgan Stanley lowered their target price on Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a research note on Monday, June 29th. Finally, Truist Financial dropped their price target on Matador Resources from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. One research 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.