Matador Resources (NYSE:MTDR – Get Free Report) CEO Joseph Wm Foran purchased 2,500 shares of the business’s stock in a transaction on Monday, September 9th. The stock was acquired at an average price of $49.97 per share, with a total value of $124,925.00. Following the purchase, the chief executive officer now directly owns 40,251 shares in the company, valued at approximately $2,011,342.47. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Joseph Wm Foran also recently made the following trade(s):
- On Friday, September 6th, Joseph Wm Foran bought 2,500 shares of Matador Resources stock. The shares were bought at an average cost of $51.47 per share, with a total value of $128,675.00.
- On Friday, August 2nd, Joseph Wm Foran purchased 2,000 shares of Matador Resources stock. The stock was acquired at an average price of $55.96 per share, for a total transaction of $111,920.00.
Matador Resources Price Performance
Matador Resources stock opened at $49.84 on Friday. Matador Resources has a 1 year low of $48.22 and a 1 year high of $71.08. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 6.83 and a beta of 3.27. The firm has a 50-day moving average of $57.26 and a two-hundred day moving average of $61.15. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82.
Matador Resources Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Thursday, August 15th. Matador Resources’s dividend payout ratio (DPR) is 10.96%.
Institutional Investors Weigh In On Matador Resources
Several hedge funds have recently modified their holdings of MTDR. Denver PWM LLC purchased a new stake in shares of Matador Resources during the 2nd quarter worth $27,000. Covestor Ltd grew its stake in Matador Resources by 121.4% in the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after purchasing an additional 227 shares during the last quarter. Rise Advisors LLC bought a new position in Matador Resources in the first quarter worth about $34,000. Lindbrook Capital LLC lifted its position in shares of Matador Resources by 84.3% during the first quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock valued at $40,000 after buying an additional 273 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Matador Resources by 47.5% in the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after buying an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.
Wall Street Analysts Forecast Growth
MTDR has been the topic of several recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $75.00 target price on shares of Matador Resources in a research report on Thursday, July 25th. Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $80.00 to $84.00 in a research report on Thursday, July 25th. JPMorgan Chase & Co. dropped their target price on Matador Resources from $83.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday. TD Cowen increased their price target on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Truist Financial lowered their target price on shares of Matador Resources from $91.00 to $86.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and an average target price of $78.08.
View Our Latest Analysis on Matador Resources
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.
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