Matador Resources (NYSE:MTDR) CEO Acquires $21,456.00 in Stock

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran purchased 400 shares of the company’s stock in a transaction on Monday, August 17th. The stock was acquired at an average cost of $53.64 per share, for a total transaction of $21,456.00. Following the completion of the purchase, the chief executive officer owned 31,017 shares of the company’s stock, valued at approximately $1,663,751.88. This trade represents a 1.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, August 13th, Joseph Wm Foran purchased 5,000 shares of Matador Resources stock. The shares were acquired at an average price of $51.44 per share, for a total transaction of $257,200.00.
• On Wednesday, August 12th, Joseph Wm Foran acquired 10,000 shares of Matador Resources stock. The shares were bought at an average cost of $52.16 per share, with a total value of $521,600.00.
• On Tuesday, August 11th, Joseph Wm Foran acquired 709 shares of Matador Resources stock. The stock was bought at an average price of $51.68 per share, with a total value of $36,641.12.
• On Monday, August 10th, Joseph Wm Foran bought 3,130 shares of Matador Resources stock. The shares were bought 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 shares were bought at an average cost of $53.07 per share, for a total transaction 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 purchased 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 purchased 4,675 shares of Matador Resources stock. The stock was bought at an average cost of $52.36 per share, with a total value of $244,783.00.

Matador Resources Stock Up 1.3%

Shares of NYSE MTDR traded up $0.74 during trading on Wednesday, hitting $57.98. 1,980,060 shares of the company traded hands, compared to its average volume of 1,907,646. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 9.94 and a beta of 0.76. The business’s fifty day moving average is $51.21 and its 200 day moving average is $54.22. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65. Matador Resources Company has a fifty-two week low of $37.14 and a fifty-two week high of $66.84.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.08 by $0.53. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted $1.53 EPS. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. Equities research analysts predict that Matador Resources Company will post 7.19 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be issued a $0.375 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.50 annualized dividend and a yield of 2.6%. Matador Resources’s dividend payout ratio is presently 25.73%.

Institutional Trading of Matador Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd lifted its stake in Matador Resources by 36.7% in the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after purchasing an additional 201 shares during the last quarter. Burford Brothers Inc. lifted its position in shares of Matador Resources by 0.8% in the 1st quarter. Burford Brothers Inc. now owns 26,798 shares of the energy company’s stock worth $1,693,000 after purchasing an additional 225 shares during the period. Fiduciary Trust Co increased its holdings in shares of Matador Resources by 2.2% in the 3rd quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company’s stock valued at $531,000 after acquiring an additional 253 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Matador Resources by 2.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,138 shares of the energy company’s stock worth $388,000 after purchasing an additional 254 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in Matador Resources by 3.5% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,233 shares of the energy company’s stock valued at $349,000 after acquiring an additional 278 shares during the last quarter. 91.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

MTDR has been the subject of several recent research reports. Stephens boosted their price objective on Matador Resources from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. KeyCorp cut their target price on Matador Resources from $73.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Citigroup reduced their price target on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Wells Fargo & Company boosted their price target on shares of Matador Resources from $63.00 to $79.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Finally, Zacks Research downgraded shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and an average price target of $66.07.

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.