BlackRock Inc. Takes Position in Matador Resources Company $MTDR

BlackRock Inc. acquired a new stake in Matador Resources Company (NYSE:MTDR - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,529,447 shares of the energy company's stock, valued at approximately $573,936,000. BlackRock Inc. owned about 9.28% of Matador Resources at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in Matador Resources during the 1st quarter worth approximately $27,000. Kestra Investment Management LLC increased its position in Matador Resources by 225.2% in the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company's stock valued at $25,000 after acquiring an additional 358 shares during the period. Center for Financial Planning Inc. bought a new position in shares of Matador Resources during the first quarter valued at $41,000. Altshuler Shaham Ltd raised its stake in shares of Matador Resources by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company's stock valued at $47,000 after acquiring an additional 201 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Matador Resources during the third quarter worth $35,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stephens lifted their target price on Matador Resources from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Tuesday, July 28th. UBS Group increased their price target on Matador Resources from $54.00 to $56.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Wall Street Zen upgraded Matador Resources from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Wells Fargo & Company lifted their price objective on Matador Resources from $63.00 to $79.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 13th. Finally, Morgan Stanley reduced their target price on Matador Resources from $75.00 to $66.00 and set an "equal weight" rating on the stock in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.07.

Insiders Place Their Bets

In other Matador Resources news, EVP William Thomas Elsener bought 850 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average price of $50.94 per share, with a total value of $43,299.00. Following the completion of the purchase, the executive vice president directly owned 114,879 shares of the company's stock, valued at approximately $5,851,936.26. This trade represents a 0.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Christopher P. Calvert bought 1,500 shares of the stock in a transaction on Friday, May 29th. The stock was acquired at an average price of $53.24 per share, with a total value of $79,860.00. Following the completion of the acquisition, the chief financial officer owned 41,500 shares of the company's stock, valued at $2,209,460. This represents a 3.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 31,996 shares of company stock valued at $1,675,663 over the last 90 days. 5.90% of the stock is owned by company insiders.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $58.51 on Monday. Matador Resources Company has a twelve month low of $37.14 and a twelve month high of $66.84. The firm has a fifty day simple moving average of $51.46 and a 200 day simple moving average of $54.51. The company has a market capitalization of $7.24 billion, a PE ratio of 10.04 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 - Get Free Report) last released its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.53. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. Matador Resources's revenue for the quarter was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.53 earnings per share. On average, sell-side analysts forecast that Matador Resources Company will post 7.26 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.50 annualized dividend and a dividend yield of 2.6%. Matador Resources's dividend payout ratio (DPR) is 25.73%.

Key Stories Impacting Matador Resources

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.

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.

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