William Thomas Elsener Acquires 850 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources Company (NYSE:MTDR) EVP William Thomas Elsener purchased 850 shares of Matador Resources stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $50.94 per share, with a total value of $43,299.00. Following the completion of the transaction, the executive vice president owned 114,879 shares of the company’s stock, valued at $5,851,936.26. The trade was a 0.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Matador Resources Stock Performance

Shares of MTDR stock traded down $0.17 during mid-day trading on Wednesday, hitting $52.45. 1,864,178 shares of the stock were exchanged, compared to its average volume of 1,897,608. The stock’s fifty day simple moving average is $51.29 and its two-hundred day simple moving average is $53.83. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65. Matador Resources Company has a 12-month low of $37.14 and a 12-month high of $66.84. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 9.00 and a beta of 0.76.

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

Matador Resources Announces Dividend

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

Key Headlines Impacting Matador Resources

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

• Positive Sentiment: CEO Joseph Wm. Foran bought 3,839 shares worth approximately $196,396 across August 10–11, increasing his direct position substantially. EVP William Thomas Elsener also purchased 850 shares for about $43,299. Insider buying can signal that company leadership views the current valuation as attractive. CEO insider purchase SEC filing EVP insider purchase SEC filing
• Positive Sentiment: UBS issued a bullish forecast calling for strong price appreciation in MTDR, adding support to the investment case. UBS forecast article
• Neutral Sentiment: A follow-up report on Matador’s second-quarter earnings call highlights five analyst questions, suggesting investors are focused on the company’s outlook and management commentary after its better-than-expected results. Matador Resources Q2 earnings call analysis
• Negative Sentiment: Citigroup lowered its price target from $68 to $60, reflecting more modest upside expectations, although it maintained a Buy rating. The revised target still implies approximately 14.4% potential appreciation from the referenced share price. Citigroup price target report
• Negative Sentiment: Truist issued a pessimistic forecast for Matador Resources, contrasting with UBS’s bullish view and contributing to uncertainty around the stock’s near-term valuation. Truist forecast article

Institutional Investors Weigh In On Matador Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of MTDR. BlackRock Inc. purchased a new stake in shares of Matador Resources during the 2nd quarter worth approximately $573,936,000. Wellington Management Group LLP increased its stake in Matador Resources by 65.0% in the 4th quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company’s stock valued at $144,558,000 after purchasing an additional 1,342,145 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in Matador Resources during the fourth quarter worth $53,249,000. Bank of New York Mellon Corp purchased a new stake in Matador Resources during the second quarter worth $56,161,000. Finally, Value Holdings Management CO. LLC purchased a new position in shares of Matador Resources in the second quarter valued at $41,532,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MTDR. Weiss Ratings restated a “hold (c)” rating on shares of Matador Resources in a research report on Friday. Zacks Research lowered shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Citigroup reduced their target price on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday. UBS Group increased their target price on shares of Matador Resources from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Truist Financial decreased their target price on shares of Matador Resources from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.29.

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.