Cadence Wealth Management LLC Takes $1.03 Million Position in Matador Resources Company $MTDR

Cadence Wealth Management LLC purchased a new position in shares of Matador Resources Company (NYSE:MTDR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,643 shares of the energy company’s stock, valued at approximately $1,028,000. Matador Resources makes up approximately 0.5% of Cadence Wealth Management LLC’s holdings, making the stock its 28th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Matador Resources during the 2nd quarter valued at about $573,936,000. Wellington Management Group LLP raised its position in Matador Resources by 65.0% in the fourth quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company’s stock worth $144,558,000 after purchasing an additional 1,342,145 shares in the last quarter. Encompass Capital Advisors LLC bought a new position in Matador Resources during the fourth quarter worth about $53,249,000. Bank of New York Mellon Corp bought a new position in Matador Resources during the second quarter worth about $56,161,000. Finally, Value Holdings Management CO. LLC bought a new stake in shares of Matador Resources in the 2nd quarter valued at approximately $41,532,000. Institutional investors own 91.98% of the company’s stock.

Matador Resources News Roundup

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

• Positive Sentiment: CEO Joseph Wm. Foran purchased another 400 shares at an average price of $53.64, increasing his stake by 1.31%. The purchase follows several additional buys earlier in August, signaling management confidence in Matador’s valuation and outlook. Matador Resources CEO Purchases 400 Shares of Stock
• Positive Sentiment: Matador’s latest quarterly results were stronger than expected: earnings per share came in at $2.61 versus the $2.08 consensus estimate, while revenue reached $1.17 billion, up 32.5% year over year and above the $1.06 billion forecast. The company also declared a quarterly dividend of $0.375, equivalent to a $1.50 annual payout and an approximately 2.6% yield.
• Neutral Sentiment: Analyst sentiment remains broadly constructive but not decisive. Matador has a consensus “Moderate Buy” rating and an average price target of $66.07, while individual views range from Stephens’ $93 overweight target to Morgan Stanley’s $66 equal-weight target and Truist’s $59 buy target.
• Negative Sentiment: Zacks Research lowered estimates for Q3 2026 EPS to $0.99 from $1.44, Q4 2026 EPS to $1.26 from $1.41, FY2027 EPS to $6.87 from $7.33, and FY2028 EPS to $7.32 from $7.45. It also reduced Q2 and Q3 2027 forecasts, although it raised its Q4 2027 and Q1 2028 estimates modestly. The revisions suggest continuing uncertainty around Matador’s future earnings, likely related to commodity prices and operating conditions in the Permian Basin.

Insider Activity at Matador Resources

In related news, COO Glenn W. Stetson bought 500 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was bought at an average cost of $53.41 per share, with a total value of $26,705.00. Following the completion of the purchase, the chief operating officer owned 95,470 shares in the company, valued at approximately $5,099,052.70. The trade was a 0.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP William Thomas Elsener bought 850 shares of Matador Resources stock in a transaction dated Monday, August 10th. The shares were bought at an average price of $50.94 per share, for a total transaction of $43,299.00. Following the completion of the transaction, the executive vice president directly owned 114,879 shares of the company’s stock, valued at $5,851,936.26. This represents a 0.75% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 31,996 shares of company stock worth $1,675,663 in the last 90 days. Corporate insiders own 5.90% of the company’s stock.

Matador Resources Trading Up 0.2%

MTDR stock opened at $58.51 on Friday. The business has a fifty day moving average price of $51.46 and a 200 day moving average price of $54.43. Matador Resources Company has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 10.04 and a beta of 0.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.65 and a quick ratio of 0.62.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.53. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The business’s revenue was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.53 earnings per share. Analysts expect that Matador Resources Company will post 7.26 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, August 10th. This represents a $1.50 annualized dividend and a yield of 2.6%. Matador Resources’s dividend payout ratio is 25.73%.

Analyst Ratings Changes

Several equities analysts recently commented on MTDR shares. Zacks Research downgraded Matador Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Morgan Stanley cut their price objective on Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, June 29th. Truist Financial reduced their target price on shares of Matador Resources from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Wells Fargo & Company increased their target price on shares of Matador Resources from $63.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen raised shares of Matador Resources from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.07.

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.