Matador Resources (NYSE:MTDR - Get Free Report) CEO Joseph Wm Foran bought 2,000 shares of the company's stock in a transaction dated Friday, December 6th. The shares were purchased at an average cost of $55.18 per share, with a total value of $110,360.00. Following the acquisition, the chief executive officer now directly owns 42,251 shares of the company's stock, valued at approximately $2,331,410.18. This represents a 4.97 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Matador Resources Stock Performance
NYSE:MTDR opened at $56.22 on Wednesday. The stock has a market cap of $7.01 billion, a P/E ratio of 7.45 and a beta of 3.26. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock's 50-day moving average is $55.26 and its 200-day moving average is $56.41. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08.
Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.11. The company had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 earnings per share. Equities research analysts anticipate that Matador Resources will post 7.5 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were paid a $0.25 dividend. This is a positive change from Matador Resources's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, November 15th. Matador Resources's payout ratio is currently 13.25%.
Hedge Funds Weigh In On Matador Resources
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Denver PWM LLC acquired a new position in Matador Resources in the second quarter valued at approximately $27,000. True Wealth Design LLC acquired a new position in Matador Resources in the third quarter valued at approximately $37,000. Avior Wealth Management LLC lifted its stake in Matador Resources by 329.0% in the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company's stock valued at $41,000 after buying an additional 635 shares during the period. Quarry LP lifted its stake in Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company's stock valued at $46,000 after buying an additional 251 shares during the period. Finally, Covestor Ltd lifted its stake in Matador Resources by 154.8% in the third quarter. Covestor Ltd now owns 1,060 shares of the energy company's stock valued at $52,000 after buying an additional 644 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Stephens boosted their price target on Matador Resources from $78.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Truist Financial dropped their price target on Matador Resources from $86.00 to $75.00 and set a "buy" rating for the company in a research note on Monday, September 30th. Mizuho dropped their price target on Matador Resources from $85.00 to $74.00 and set an "outperform" rating for the company in a research note on Monday, September 16th. JPMorgan Chase & Co. dropped 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, KeyCorp dropped their price target on Matador Resources from $76.00 to $72.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.08.
Read 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.
Further Reading
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