Matador Resources (NYSE:MTDR) CEO Acquires $153,760.00 in Stock

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of $38.44 per share, with a total value of $153,760.00. Following the completion of the acquisition, the chief executive officer directly owned 22,867 shares of the company’s stock, valued at $879,007.48. The trade was a 21.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, October 31st, Joseph Wm Foran acquired 1,342 shares of Matador Resources stock. The stock was bought at an average price of $39.30 per share, with a total value of $52,740.60.
• On Thursday, October 30th, Joseph Wm Foran bought 9,500 shares of Matador Resources stock. The stock was bought at an average cost of $39.78 per share, with a total value of $377,910.00.
• On Friday, September 12th, Joseph Wm Foran bought 2,000 shares of Matador Resources stock. The shares were bought at an average price of $48.15 per share, for a total transaction of $96,300.00.
• On Tuesday, August 19th, Joseph Wm Foran purchased 2,000 shares of Matador Resources stock. The stock was bought at an average cost of $46.25 per share, with a total value of $92,500.00.

Matador Resources Stock Performance

MTDR stock opened at $39.43 on Friday. The company has a 50 day moving average price of $44.37 and a 200 day moving average price of $46.17. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69. The stock has a market capitalization of $4.90 billion, a PE ratio of 6.30 and a beta of 1.35.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.14. The firm had revenue of $939.02 million for the quarter, compared to analyst estimates of $893.22 million. Matador Resources had a return on equity of 14.80% and a net margin of 20.46%.The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.89 EPS. Analysts forecast that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 10th will be given a $0.375 dividend. The ex-dividend date is Monday, November 10th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 dividend on an annualized basis and a yield of 3.8%. Matador Resources’s dividend payout ratio is 23.96%.

Institutional Investors Weigh In On Matador Resources

Large investors have recently bought and sold shares of the company. MAI Capital Management boosted its position in shares of Matador Resources by 13.9% during the second quarter. MAI Capital Management now owns 1,726 shares of the energy company’s stock worth $82,000 after purchasing an additional 210 shares in the last quarter. Beacon Pointe Advisors LLC increased its position in shares of Matador Resources by 4.3% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 5,281 shares of the energy company’s stock valued at $252,000 after buying an additional 216 shares in the last quarter. ProShare Advisors LLC raised its stake in Matador Resources by 4.5% during the 2nd quarter. ProShare Advisors LLC now owns 5,163 shares of the energy company’s stock worth $246,000 after buying an additional 220 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Matador Resources by 93.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock worth $26,000 after acquiring an additional 267 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in Matador Resources by 16.5% during the second quarter. Huntington National Bank now owns 1,939 shares of the energy company’s stock worth $93,000 after acquiring an additional 274 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

MTDR has been the topic of a number of research reports. KeyCorp cut their target price on shares of Matador Resources from $61.00 to $52.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Royal Bank Of Canada increased their price objective on shares of Matador Resources from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Wells Fargo & Company reduced their price objective on shares of Matador Resources from $71.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Mizuho dropped their target price on shares of Matador Resources from $69.00 to $67.00 and set an “outperform” rating for the company in a research report on Friday, October 10th. Finally, UBS Group cut their price target on Matador Resources from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.57.

About Matador Resources

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.