Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran Buys 6,000 Shares

Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran acquired 6,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of $53.94 per share, for a total transaction of $323,640.00. Following the completion of the purchase, the chief executive officer now owns 39,379 shares in the company, valued at $2,124,103.26. This trade represents a 17.98 % 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 Friday, December 6th, Joseph Wm Foran bought 2,000 shares of Matador Resources stock. The shares were bought at an average cost of $55.18 per share, with a total value of $110,360.00.

Matador Resources Stock Performance

Shares of MTDR stock opened at $53.38 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 7.48 and a beta of 3.22. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The company’s 50-day moving average is $58.12 and its 200 day moving average is $55.81.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The firm had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. Sell-side analysts expect that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.3125 dividend. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.34%. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Altshuler Shaham Ltd bought a new stake in Matador Resources in the 4th quarter worth about $25,000. TCTC Holdings LLC lifted its stake in Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after acquiring an additional 175 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after acquiring an additional 256 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after acquiring an additional 207 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in shares of Matador Resources by 359.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after acquiring an additional 453 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MTDR. Mizuho cut their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Benchmark reissued a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. JPMorgan Chase & Co. reduced their price target on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. TD Cowen increased their price objective on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Truist Financial lifted their price objective on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.14.

About Matador Resources

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.