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

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran purchased 555 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were purchased at an average cost of $54.49 per share, for a total transaction of $30,241.95. Following the transaction, the chief executive officer directly owned 4,772 shares in the company, valued at approximately $260,026.28. The trade was a 13.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

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 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 acquired 10,000 shares of Matador Resources stock. The stock was 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 price of $51.68 per share, for a total transaction of $36,641.12.
• On Monday, August 10th, Joseph Wm Foran purchased 3,130 shares of Matador Resources stock. The stock was purchased at an average cost of $51.04 per share, for a total transaction of $159,755.20.
• On Tuesday, June 9th, Joseph Wm Foran acquired 2,000 shares of Matador Resources stock. The stock was 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 acquired 2,000 shares of Matador Resources stock. The shares were purchased at an average cost of $56.25 per share, with a total value of $112,500.00.

Matador Resources Stock Performance

Matador Resources stock opened at $56.42 on Monday. Matador Resources Company has a 1-year low of $37.14 and a 1-year 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 firm has a market capitalization of $6.98 billion, a PE ratio of 9.68 and a beta of 0.76. The firm’s 50 day simple moving average is $52.05 and its 200 day simple moving average is $54.86.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.53. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business earned $1.53 EPS. The business’s revenue for the quarter was up 32.5% on a year-over-year basis. As a group, analysts expect that Matador Resources Company will post 7.26 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, August 10th. Matador Resources’s dividend payout ratio is 25.73%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MTDR shares. Stephens increased their target price on Matador Resources from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Wells Fargo & Company boosted their price objective on shares of Matador Resources from $63.00 to $79.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Morgan Stanley cut their price objective on shares of 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. Wall Street Zen raised shares of Matador Resources from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings raised shares of Matador Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and an average price target of $66.07.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Kestra Investment Management LLC increased its position in shares of Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after acquiring an additional 358 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Matador Resources during the first quarter worth about $27,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Matador Resources in the third quarter worth about $35,000. Center for Financial Planning Inc. purchased a new position in Matador Resources during the 1st quarter valued at about $41,000. Finally, Gilpin Wealth Management LLC purchased a new position in Matador Resources during the 4th quarter valued at about $42,000. 91.98% of the stock is owned by hedge funds and other institutional investors.

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.