Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran Acquires 2,000 Shares

Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $48.55 per share, for a total transaction of $97,100.00. Following the purchase, the chief executive officer now owns 43,379 shares of the company’s stock, valued at $2,106,050.45. This represents a 4.83 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, February 21st, Joseph Wm Foran purchased 6,000 shares of Matador Resources stock. The stock was bought at an average price of $53.94 per share, with a total value of $323,640.00.
• On Friday, December 6th, Joseph Wm Foran acquired 2,000 shares of Matador Resources stock. The stock was bought at an average cost of $55.18 per share, with a total value of $110,360.00.

Matador Resources Stock Performance

MTDR stock opened at $47.70 on Tuesday. The firm has a 50-day simple moving average of $58.01 and a two-hundred day simple moving average of $55.71. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 6.68 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million. On average, equities analysts forecast that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 2.62%. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources’s payout ratio is presently 17.51%.

Wall Street Analyst Weigh In

MTDR has been the subject of several analyst reports. Morgan Stanley assumed coverage on shares of Matador Resources in a report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 target price for the company. Benchmark reissued a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a research note on Friday, January 17th. TD Cowen upped their target price on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company raised their price target on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Finally, Truist Financial upped their price objective on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.14.

Institutional Trading of Matador Resources

Several large investors have recently made changes to their positions in the business. Altshuler Shaham Ltd acquired a new position in Matador Resources during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC raised its stake in shares of Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after buying an additional 256 shares during the period. TCTC Holdings LLC increased its holdings in Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after acquiring an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after purchasing an additional 207 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of Matador Resources by 359.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after purchasing an additional 453 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

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.