Insider Buying: Matador Resources (NYSE:MTDR) CEO Acquires 10,000 Shares of Stock

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran bought 10,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were acquired at an average cost of $52.16 per share, for a total transaction of $521,600.00. Following the acquisition, the chief executive officer directly owned 25,617 shares in the company, valued at approximately $1,336,182.72. This trade represents a 64.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Joseph Wm Foran also recently made the following trade(s):

• On Thursday, August 13th, Joseph Wm Foran purchased 5,000 shares of Matador Resources stock. The stock was bought at an average cost of $51.44 per share, with a total value of $257,200.00.
• On Tuesday, August 11th, Joseph Wm Foran purchased 709 shares of Matador Resources stock. The stock was bought at an average cost of $51.68 per share, with a total value of $36,641.12.
• On Monday, August 10th, Joseph Wm Foran purchased 3,130 shares of Matador Resources stock. The stock was bought at an average price of $51.04 per share, with a total value of $159,755.20.
• On Tuesday, June 9th, Joseph Wm Foran acquired 2,000 shares of Matador Resources stock. The shares were bought at an average price of $53.07 per share, for a total transaction of $106,140.00.
• On Thursday, June 4th, Joseph Wm Foran acquired 2,000 shares of Matador Resources stock. The shares were bought at an average cost of $56.25 per share, for a total transaction of $112,500.00.
• On Friday, May 29th, Joseph Wm Foran bought 482 shares of Matador Resources stock. The stock was bought at an average price of $52.70 per share, with a total value of $25,401.40.
• On Wednesday, May 27th, Joseph Wm Foran bought 4,675 shares of Matador Resources stock. The shares were bought at an average cost of $52.36 per share, with a total value of $244,783.00.

Matador Resources Trading Down 1.7%

Shares of MTDR opened at $51.59 on Friday. The business’s 50-day moving average price is $51.13 and its 200-day moving average price is $53.96. Matador Resources Company has a twelve month low of $37.14 and a twelve month high of $66.84. The stock has a market cap of $6.38 billion, a PE ratio of 8.85 and a beta of 0.76. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 0.67.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.53. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted $1.53 earnings per share. The company’s revenue for the quarter was up 32.5% on a year-over-year basis. On average, equities analysts forecast that Matador Resources Company will post 7.11 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. Matador Resources’s dividend payout ratio is 25.73%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MTDR shares. Zacks Research lowered shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Truist Financial lowered their price objective on Matador Resources from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday. KeyCorp reduced their target price on Matador Resources from $73.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday. Roth Capital upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Monday, June 22nd. Finally, Mizuho raised Matador Resources to a “strong-buy” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and a consensus target price of $66.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Investment Management LLC raised its position in Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after purchasing an additional 358 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Matador Resources during the 1st quarter valued at about $27,000. Measured Wealth Private Client Group LLC bought a new stake in Matador Resources in the 3rd quarter worth approximately $35,000. Center for Financial Planning Inc. purchased a new stake in Matador Resources in the first quarter worth approximately $41,000. Finally, Gilpin Wealth Management LLC bought a new position in Matador Resources during the fourth quarter valued at approximately $42,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources News Summary

Here are the key news stories impacting Matador Resources this week:

• Positive Sentiment: Analysts maintain an overall “Moderate Buy” rating on MTDR. Wells Fargo raised its price target from $63 to $79 while keeping an “equal weight” rating, implying substantial potential upside from the referenced $51.59 level. Wells Fargo price target update
• Positive Sentiment: Siebert Williams Shank & Co. reiterated a “Buy” rating, reinforcing the bullish analyst view. The broader consensus target is approximately $65.29. Siebert Williams Shank rating
• Positive Sentiment: Matador’s Delaware Basin expansion remains a key growth driver. Its Permian acreage and associated infrastructure could support production growth and improve the value of future development. Delaware Basin expansion analysis
• Positive Sentiment: Management buying provides an additional confidence signal: CEO Joseph Wm. Foran purchased 3,130 shares for about $159,755 and another 709 shares for about $36,641, while EVP William Elsener bought 850 shares for roughly $43,299. Matador Resources insider buying
• Positive Sentiment: The company recently reported a strong second quarter, beating earnings and revenue estimates, with revenue up 32.5% year over year. Its quarterly dividend equates to $1.50 annually, or roughly a 2.9% yield based on the referenced price.
• Neutral Sentiment: KeyCorp lowered its target from $73 to $68 but retained an “overweight” rating, highlighting disagreement over valuation and the outlook for oil and gas prices. KeyCorp price target update

Matador Resources Company Profile

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.