Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran Acquires 468 Shares

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran acquired 468 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was acquired at an average cost of $49.78 per share, with a total value of $23,297.04. Following the purchase, the chief executive officer directly owned 2,322 shares in the company, valued at $115,589.16. This represents a 25.24% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Matador Resources Price Performance

Shares of NYSE:MTDR opened at $54.10 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 0.57. The stock has a market cap of $6.72 billion, a PE ratio of 8.87 and a beta of 1.07. The company’s fifty day moving average is $45.16 and its 200 day moving average is $44.48. Matador Resources Company has a 52 week low of $35.19 and a 52 week high of $54.25.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.16. The firm had revenue of $847.99 million for the quarter, compared to analysts’ expectations of $811.13 million. Matador Resources had a return on equity of 12.36% and a net margin of 20.54%.The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period last year, the firm earned $1.83 earnings per share. Research analysts anticipate 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 will be paid on Tuesday, March 10th. Investors of record on Friday, February 27th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, February 27th. Matador Resources’s dividend payout ratio (DPR) is presently 24.59%.

Analyst Upgrades and Downgrades

MTDR has been the topic of several analyst reports. Morgan Stanley decreased their target price on shares of Matador Resources from $56.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. KeyCorp reaffirmed an “overweight” rating on shares of Matador Resources in a research note on Friday, December 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of Matador Resources in a research note on Friday, January 9th. TD Cowen upgraded Matador Resources to a “strong-buy” rating in a report on Monday, February 9th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Matador Resources in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Matador Resources has an average rating of “Moderate Buy” and a consensus price target of $57.82.

Institutional Trading of Matador Resources

Several institutional investors and hedge funds have recently bought and sold shares of MTDR. MidFirst Bank bought a new position in shares of Matador Resources in the 4th quarter worth about $214,000. Invesco Ltd. grew its holdings in Matador Resources by 45.9% in the fourth quarter. Invesco Ltd. now owns 594,849 shares of the energy company’s stock worth $25,245,000 after purchasing an additional 187,178 shares during the period. XTX Topco Ltd bought a new position in shares of Matador Resources during the fourth quarter valued at approximately $340,000. Virtus Investment Advisers LLC purchased a new position in shares of Matador Resources during the fourth quarter valued at approximately $165,000. Finally, Wellington Management Group LLP boosted its position in shares of Matador Resources by 65.0% in the 4th quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company’s stock worth $144,558,000 after purchasing an additional 1,342,145 shares in the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Company Profile

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.