Joseph Wm Foran Purchases 482 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources Company (NYSE:MTDRGet Free Report) CEO Joseph Wm Foran bought 482 shares of the stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $52.70 per share, with a total value of $25,401.40. Following the completion of the purchase, the chief executive officer directly owned 7,479 shares of the company’s stock, valued at approximately $394,143.30. This represents a 6.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, May 27th, Joseph Wm Foran bought 4,675 shares of Matador Resources stock. The shares were acquired at an average price of $52.36 per share, with a total value of $244,783.00.

Matador Resources Stock Up 1.1%

Shares of Matador Resources stock opened at $56.62 on Thursday. The business has a 50-day moving average of $59.27 and a 200-day moving average of $50.82. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70. The company has a market capitalization of $7.03 billion, a PE ratio of 14.56 and a beta of 0.74. Matador Resources Company has a 1-year low of $37.14 and a 1-year high of $66.84.

Matador Resources (NYSE:MTDRGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.29. The business had revenue of $941.60 million during the quarter, compared to the consensus estimate of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The company’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same period last year, the firm earned $1.99 earnings per share. As a group, equities analysts forecast that Matador Resources Company will post 7.36 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, May 8th. Matador Resources’s dividend payout ratio (DPR) is 38.56%.

Matador Resources News Roundup

Here are the key news stories impacting Matador Resources this week:

Hedge Funds Weigh In On Matador Resources

Large investors have recently bought and sold shares of the business. Kestra Investment Management LLC lifted 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 worth $25,000 after acquiring an additional 358 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Matador Resources in the first quarter worth about $27,000. Rothschild Investment LLC lifted its holdings in Matador Resources by 5,927.3% in the third quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after acquiring an additional 652 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in Matador Resources in the third quarter worth about $35,000. Finally, Center for Financial Planning Inc. bought a new position in Matador Resources in the first quarter worth about $41,000. Institutional investors own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Zacks Research downgraded Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. UBS Group lifted their price target on Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Morgan Stanley lifted their price target on Matador Resources from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Roth Mkm reiterated a “neutral” rating and issued a $65.00 price target (up from $52.00) on shares of Matador Resources in a research note on Wednesday, April 8th. Finally, BMO Capital Markets lifted their price target on Matador Resources from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Matador Resources has an average rating of “Moderate Buy” and a consensus target price of $65.08.

Check Out Our Latest Analysis on Matador Resources

About Matador Resources

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Matador Resources (NYSE:MTDR)

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