Matador Resources (NYSE:MTDR) CEO Buys $23,297.04 in Stock

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran bought 468 shares of the company’s stock in a transaction on Friday, February 27th. The stock was bought at an average cost of $49.78 per share, for a total transaction of $23,297.04. Following the completion of the acquisition, the chief executive officer directly owned 2,322 shares of the company’s stock, valued at approximately $115,589.16. This represents a 25.24% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Matador Resources Price Performance

Shares of NYSE:MTDR opened at $54.10 on Tuesday. The business has a fifty day moving average price of $45.16 and a 200-day moving average price of $44.48. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.79 and a quick ratio of 0.75. The company has a market capitalization of $6.72 billion, a PE ratio of 8.87 and a beta of 1.07. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $54.25.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.71 by $0.16. The company had revenue of $847.99 million for the quarter, compared to the consensus estimate of $811.13 million. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. Matador Resources’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 EPS. As a group, equities analysts expect that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 27th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.50 annualized dividend and a dividend yield of 2.8%. Matador Resources’s dividend payout ratio (DPR) is 24.59%.

Analyst Upgrades and Downgrades

Several analysts have commented on MTDR shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Matador Resources in a research note on Friday, January 9th. Mizuho upped their price target on Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, December 12th. KeyCorp reissued an “overweight” rating on shares of Matador Resources in a research report on Friday, December 19th. Citigroup began coverage on shares of Matador Resources in a report on Monday, December 8th. They set a “buy” rating and a $53.00 price target on the stock. Finally, Bank of America reduced their price target on shares of Matador Resources from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and an average price target of $57.82.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MTDR. Jones Financial Companies Lllp increased its holdings in Matador Resources by 1,104.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock worth $103,000 after acquiring an additional 1,845 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after purchasing an additional 690 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Matador Resources during the 2nd quarter valued at $255,000. Envestnet Asset Management Inc. lifted its stake in shares of Matador Resources by 8.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 329,226 shares of the energy company’s stock valued at $15,711,000 after buying an additional 24,323 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of Matador Resources by 4.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,062 shares of the energy company’s stock valued at $862,000 after buying an additional 732 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

About Matador Resources

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.