Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran Purchases 9,500 Shares of Stock

by · The Cerbat Gem

Matador Resources Company (NYSE:MTDR – Get Free Report) CEO Joseph Wm Foran purchased 9,500 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were acquired at an average cost of $39.78 per share, for a total transaction of $377,910.00. Following the acquisition, the chief executive officer owned 17,525 shares of the company’s stock, valued at approximately $697,144.50. The trade was a 118.38% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Friday, October 31st, Joseph Wm Foran acquired 1,342 shares of Matador Resources stock. The stock was acquired at an average cost of $39.30 per share, with a total value of $52,740.60.
  • On Friday, September 12th, Joseph Wm Foran bought 2,000 shares of Matador Resources stock. The stock was acquired at an average price of $48.15 per share, for a total transaction of $96,300.00.
  • On Tuesday, August 19th, Joseph Wm Foran purchased 2,000 shares of Matador Resources stock. The shares were acquired at an average price of $46.25 per share, with a total value of $92,500.00.

Matador Resources Trading Down 0.6%

NYSE:MTDR opened at $39.24 on Tuesday. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 6.27 and a beta of 1.41. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.04. The business has a fifty day moving average of $45.28 and a 200-day moving average of $46.28.

Matador Resources (NYSE:MTDR – Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.14. The business had revenue of $939.02 million for the quarter, compared to analysts’ expectations of $893.22 million. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.89 earnings per share. Equities analysts predict that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 10th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. Matador Resources’s dividend payout ratio (DPR) is currently 23.96%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. AlphaQuest LLC lifted its position in shares of Matador Resources by 288.6% in the 3rd quarter. AlphaQuest LLC now owns 3,385 shares of the energy company’s stock valued at $152,000 after acquiring an additional 2,514 shares in the last quarter. Arizona State Retirement System raised its stake in Matador Resources by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 35,196 shares of the energy company’s stock valued at $1,581,000 after purchasing an additional 482 shares during the period. Hussman Strategic Advisors Inc. purchased a new stake in shares of Matador Resources in the third quarter valued at $1,887,000. Chilton Capital Management LLC acquired a new stake in shares of Matador Resources in the third quarter worth $241,000. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Matador Resources by 2.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 23,469 shares of the energy company’s stock worth $1,054,000 after buying an additional 531 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MTDR has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Matador Resources from $71.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Bank of America lowered their price target on Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday. Royal Bank Of Canada upped their price objective on Matador Resources from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. William Blair initiated coverage on Matador Resources in a report on Monday, August 25th. They set an “outperform” rating on the stock. Finally, Morgan Stanley dropped their price target on shares of Matador Resources from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.57.

Get Our Latest Research Report on MTDR

Matador Resources Company Profile

(Get Free Report)

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.

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