Matador Resources (NYSE:MTDR) CEO Purchases $323,640.00 in Stock

Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran purchased 6,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of $53.94 per share, for a total transaction of $323,640.00. Following the purchase, the chief executive officer now owns 39,379 shares of the company’s stock, valued at $2,124,103.26. This represents a 17.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 acquired at an average price of $55.18 per share, for a total transaction of $110,360.00.

Matador Resources Trading Down 0.7 %

NYSE MTDR opened at $52.08 on Thursday. The stock has a market cap of $6.50 billion, a PE ratio of 7.29 and a beta of 3.22. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The company’s 50-day moving average price is $58.03 and its 200-day moving average price is $55.76. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR) last issued its 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). 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%. Equities research analysts forecast that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.3125 per share. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

Institutional Investors Weigh In On Matador Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates raised its holdings in shares of Matador Resources by 8.3% in the third quarter. Raymond James & Associates now owns 217,895 shares of the energy company’s stock valued at $10,768,000 after acquiring an additional 16,681 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in Matador Resources during the 3rd quarter valued at about $202,000. Signaturefd LLC raised its holdings in shares of Matador Resources by 26.8% in the 3rd quarter. Signaturefd LLC now owns 2,685 shares of the energy company’s stock valued at $133,000 after purchasing an additional 568 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Matador Resources by 43.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,517 shares of the energy company’s stock valued at $520,000 after purchasing an additional 3,181 shares in the last quarter. Finally, Boston Trust Walden Corp purchased a new stake in shares of Matador Resources in the 3rd quarter worth approximately $51,788,000. 91.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on MTDR. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a research report on Wednesday, January 15th. Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price for the company in a report on Friday, January 3rd. Morgan Stanley assumed coverage on Matador Resources in a report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Mizuho cut their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently 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.