Matador Resources (NYSE:MTDR) CEO Buys $256,800.00 in Stock

Matador Resources Company (NYSE:MTDR) CEO Joseph Foran acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was bought at an average price of $51.36 per share, with a total value of $256,800.00. Following the purchase, the chief executive officer directly owned 9,772 shares in the company, valued at approximately $501,889.92. This trade represents a 104.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, August 26th, Joseph Foran acquired 555 shares of Matador Resources stock. The shares were bought at an average cost of $54.49 per share, with a total value of $30,241.95.
• On Monday, August 17th, Joseph Foran bought 400 shares of Matador Resources stock. The shares were purchased at an average price of $53.64 per share, for a total transaction of $21,456.00.
• On Thursday, August 13th, Joseph Foran bought 5,000 shares of Matador Resources stock. The shares were purchased at an average price of $51.44 per share, for a total transaction of $257,200.00.
• On Wednesday, August 12th, Joseph Foran bought 10,000 shares of Matador Resources stock. The stock was purchased at an average cost of $52.16 per share, for a total transaction of $521,600.00.
• On Tuesday, August 11th, Joseph Foran purchased 709 shares of Matador Resources stock. The stock was purchased at an average price of $51.68 per share, with a total value of $36,641.12.

Matador Resources Stock Down 0.1%

Shares of Matador Resources stock opened at $50.38 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 0.67. Matador Resources Company has a 52-week low of $37.74 and a 52-week high of $66.84. The company has a market capitalization of $6.23 billion, a P/E ratio of 8.69 and a beta of 0.93. The company has a 50 day moving average of $56.21 and a 200 day moving average of $54.51.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, November 3rd. The energy company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.23. Matador Resources had a net margin of 18.60% and a return on equity of 14.32%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm posted $1.36 EPS. The company’s quarterly revenue was up 33.9% compared to the same quarter last year. As a group, research analysts forecast that Matador Resources Company will post 8.34 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Tuesday, November 10th will be issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, November 10th. This is an increase from Matador Resources’s previous quarterly dividend of $0.3750. Matador Resources’s dividend payout ratio (DPR) is presently 25.86%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in shares of Matador Resources in the third quarter valued at about $25,000. Center for Financial Planning Inc. acquired a new stake in shares of Matador Resources during the first quarter worth about $41,000. Harbor Investment Advisory LLC acquired a new stake in shares of Matador Resources during the second quarter worth about $44,000. Altshuler Shaham Ltd grew its holdings in shares of Matador Resources by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after buying an additional 201 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Matador Resources during the second quarter worth about $54,000. 91.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. KeyCorp upped their target price on Matador Resources from $68.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 15th. Wells Fargo & Company cut their price target on Matador Resources from $77.00 to $76.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 14th. Stifel Nicolaus started coverage on Matador Resources in a research note on Thursday, September 10th. They issued a “buy” rating and a $66.00 price objective for the company. Weiss Ratings cut Matador Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Truist Financial increased their price objective on Matador Resources from $65.00 to $66.00 and gave the company a “buy” rating in a report on Thursday. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $68.50.

About Matador Resources

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas. Its operations are focused primarily on the Delaware Basin in southeastern New Mexico and West Texas.

Alongside its exploration and production business, Matador provides midstream services through its subsidiary San Mateo Midstream. These activities include gathering and processing natural gas and handling produced water, supporting the company’s operations and serving other producers in the region.

Matador was founded in 2003 and is headquartered in Dallas, Texas.