Joseph Wm Foran Purchases 3,130 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran acquired 3,130 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of $51.04 per share, with a total value of $159,755.20. Following the transaction, the chief executive officer owned 14,908 shares in the company, valued at $760,904.32. This represents a 26.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, August 11th, Joseph Wm Foran bought 709 shares of Matador Resources stock. The stock was bought at an average cost of $51.68 per share, with a total value of $36,641.12.
• On Tuesday, June 9th, Joseph Wm Foran purchased 2,000 shares of Matador Resources stock. The stock was purchased at an average price of $53.07 per share, for a total transaction 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.
• On Friday, May 29th, Joseph Wm Foran acquired 482 shares of Matador Resources stock. The shares were purchased at an average price of $52.70 per share, with a total value of $25,401.40.
• On Wednesday, May 27th, Joseph Wm Foran bought 4,675 shares of Matador Resources stock. The stock was purchased at an average cost of $52.36 per share, for a total transaction of $244,783.00.

Matador Resources Trading Up 0.6%

NYSE MTDR opened at $52.55 on Wednesday. Matador Resources Company has a 52 week low of $37.14 and a 52 week high of $66.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65. The stock’s 50 day moving average price is $51.29 and its two-hundred day moving average price is $53.83. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 9.01 and a beta of 0.76.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share for the quarter, topping 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 business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company earned $1.53 earnings per share. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. As a group, analysts anticipate that Matador Resources Company will post 7.11 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors 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 yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. Matador Resources’s dividend payout ratio (DPR) is presently 25.73%.

Hedge Funds Weigh In On Matador Resources

Several institutional investors have recently bought and sold shares of MTDR. Morningstar Investment Management LLC bought a new stake in Matador Resources in the first quarter valued at $2,630,000. Peterson Wealth Services lifted its holdings in shares of Matador Resources by 333.7% during the fourth quarter. Peterson Wealth Services now owns 51,356 shares of the energy company’s stock valued at $2,180,000 after acquiring an additional 39,516 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Matador Resources by 2.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,054,232 shares of the energy company’s stock valued at $44,742,000 after acquiring an additional 21,630 shares during the period. Copeland Capital Management LLC boosted its stake in shares of Matador Resources by 19.6% in the 4th quarter. Copeland Capital Management LLC now owns 1,426,505 shares of the energy company’s stock valued at $60,541,000 after purchasing an additional 233,423 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Matador Resources by 17.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 233,212 shares of the energy company’s stock valued at $9,898,000 after purchasing an additional 35,366 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Morgan Stanley decreased their price objective on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Monday, June 29th. Mizuho upgraded shares of Matador Resources to a “strong-buy” rating in a research report on Friday, July 31st. Zacks Research lowered Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, UBS Group boosted their price target on Matador Resources from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and an average target price of $65.29.

About Matador Resources

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.