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

Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran bought 6,000 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was bought at an average price of $53.94 per share, with a total value of $323,640.00. Following the acquisition, the chief executive officer now owns 39,379 shares in the company, valued at approximately $2,124,103.26. This trade represents a 17.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 stock was bought at an average price of $55.18 per share, with a total value of $110,360.00.

Matador Resources Trading Down 1.8 %

Shares of NYSE MTDR opened at $52.42 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $58.05 and a two-hundred day simple moving average of $55.79. The firm has a market cap of $6.54 billion, a PE ratio of 7.34 and a beta of 3.22. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Analysts expect that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 2.38%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 28th. Matador Resources’s payout ratio is presently 17.51%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Matador Resources by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company’s stock worth $706,375,000 after acquiring an additional 187,633 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Matador Resources by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,444,723 shares of the energy company’s stock worth $306,313,000 after acquiring an additional 30,184 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Matador Resources by 2.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock worth $136,009,000 after acquiring an additional 72,077 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Matador Resources by 25.9% in the 4th quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock worth $151,824,000 after acquiring an additional 555,245 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Matador Resources by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock worth $99,297,000 after acquiring an additional 36,921 shares in the last quarter. 91.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MTDR. TD Cowen raised their price target on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Stephens raised their price target on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company raised their price target on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price target on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research note on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.14.

Matador Resources Company Profile

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.