Joseph Wm Foran Buys 2,000 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran purchased 2,000 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were bought at an average price of $48.15 per share, with a total value of $96,300.00. Following the purchase, the chief executive officer directly owned 8,025 shares of the company’s stock, valued at approximately $386,403.75. The trade was a 33.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, August 19th, Joseph Wm Foran purchased 2,000 shares of Matador Resources stock. The shares were bought at an average price of $46.25 per share, with a total value of $92,500.00.
• On Friday, August 1st, Joseph Wm Foran purchased 5,000 shares of Matador Resources stock. The shares were bought at an average price of $49.17 per share, with a total value of $245,850.00.

Matador Resources Price Performance

Matador Resources stock opened at $47.72 on Monday. Matador Resources Company has a 12 month low of $35.19 and a 12 month high of $64.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81. The business has a 50 day simple moving average of $49.23 and a 200-day simple moving average of $46.86. The stock has a market capitalization of $5.94 billion, a PE ratio of 6.99 and a beta of 1.49.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, July 22nd. The energy company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.29 by $0.24. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.The business had revenue of $895.31 million during the quarter, compared to analysts’ expectations of $892.86 million. During the same quarter in the prior year, the business earned $2.05 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts predict that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, August 15th. Matador Resources’s dividend payout ratio is 18.30%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TD Cowen upgraded Matador Resources to a “strong-buy” rating in a research report on Monday, July 7th. UBS Group cut their price objective on Matador Resources from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. Bank of America assumed coverage on Matador Resources in a research report on Monday, May 19th. They issued a “buy” rating and a $56.00 price objective for the company. Raymond James Financial increased their price objective on Matador Resources from $60.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, William Blair assumed coverage on Matador Resources in a research report on Monday, August 25th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and an average target price of $67.53.

Institutional Trading of Matador Resources

Several large investors have recently bought and sold shares of MTDR. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Matador Resources by 298.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. Kestra Investment Management LLC grew its holdings in 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 purchasing an additional 358 shares during the last quarter. MCF Advisors LLC acquired a new stake in shares of Matador Resources during the first quarter valued at $26,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Matador Resources by 93.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock valued at $26,000 after acquiring an additional 267 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Matador Resources by 182.0% during the second quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock valued at $27,000 after acquiring an additional 364 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

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.