Joseph Wm Foran Acquires 709 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran acquired 709 shares of Matador Resources stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $51.68 per share, with a total value of $36,641.12. Following the transaction, the chief executive officer owned 15,617 shares of the company’s stock, valued at $807,086.56. This trade represents a 4.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, August 10th, Joseph Wm Foran purchased 3,130 shares of Matador Resources stock. The stock was acquired at an average price of $51.04 per share, for a total transaction of $159,755.20.
• On Tuesday, June 9th, Joseph Wm Foran bought 2,000 shares of Matador Resources stock. The stock was acquired at an average cost of $53.07 per share, with a total value of $106,140.00.
• On Thursday, June 4th, Joseph Wm Foran purchased 2,000 shares of Matador Resources stock. The stock was bought at an average price 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 stock was bought at an average price of $52.70 per share, with a total value of $25,401.40.
• On Wednesday, May 27th, Joseph Wm Foran acquired 4,675 shares of Matador Resources stock. The shares were bought at an average cost of $52.36 per share, for a total transaction of $244,783.00.

Matador Resources Trading Up 0.6%

Shares of Matador Resources stock opened at $52.55 on Wednesday. Matador Resources Company has a 12-month low of $37.14 and a 12-month high of $66.84. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.67. The stock has a market cap of $6.50 billion, a PE ratio of 9.01 and a beta of 0.76. The company has a 50-day moving average of $51.29 and a two-hundred day moving average of $53.83.

Matador Resources (NYSE:MTDR) last released its quarterly 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. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The company’s revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.53 EPS. On average, research analysts anticipate that Matador Resources Company will post 7.11 EPS for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders 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 is Monday, August 10th. Matador Resources’s dividend payout ratio (DPR) is 25.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MTDR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Matador Resources in a research report on Friday. UBS Group raised their price target on shares of Matador Resources from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday. Morgan Stanley lowered their price target on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, June 29th. Wells Fargo & Company boosted their price objective 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. Finally, Zacks Research downgraded shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and an average price target of $65.29.

Hedge Funds Weigh In On Matador Resources

A number of large investors have recently bought and sold shares of MTDR. Jones Financial Companies Lllp increased its holdings in shares of Matador Resources by 1,104.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock worth $103,000 after buying an additional 1,845 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after acquiring an additional 690 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Matador Resources in the second quarter valued at $255,000. Arrowstreet Capital Limited Partnership purchased a new stake in Matador Resources during the second quarter valued at about $5,126,000. Finally, EverSource Wealth Advisors LLC grew its position in Matador Resources by 767.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock valued at $156,000 after acquiring an additional 2,885 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

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.