William Blair Investment Management LLC Purchases New Stake in Matador Resources Company $MTDR

Key Points

• William Blair Investment Management purchased 492,596 shares of Matador Resources in the second quarter, valued at approximately $24.5 million and representing a 0.40% stake. Institutional investors collectively own 91.98% of the company.
• Matador reported stronger-than-expected quarterly results, with EPS of $2.61 versus the $2.08 consensus and revenue of $1.17 billion, up 32.5% year over year. The company also declared a quarterly dividend of $0.375 per share, or $1.50 annually.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $66.07, although several firms recently reduced their targets and Zacks lowered forward earnings estimates.

William Blair Investment Management LLC purchased a new position in shares of Matador Resources Company (NYSE:MTDR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 492,596 shares of the energy company's stock, valued at approximately $24,521,000. William Blair Investment Management LLC owned 0.40% of Matador Resources as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC lifted its stake in shares of 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 purchasing an additional 358 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Matador Resources during the 1st quarter worth about $27,000. Measured Wealth Private Client Group LLC purchased a new stake in Matador Resources in the 3rd quarter valued at about $35,000. Center for Financial Planning Inc. acquired a new position in Matador Resources in the first quarter valued at about $41,000. Finally, Gilpin Wealth Management LLC acquired a new position in Matador Resources in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 91.98% of the company's stock.

Analysts Set New Price Targets

MTDR has been the subject of a number of research analyst reports. Mizuho raised shares of Matador Resources to a "strong-buy" rating in a research report on Friday, July 31st. Zacks Research cut Matador Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. Citigroup dropped their price objective on Matador Resources from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. Wall Street Zen upgraded Matador Resources from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Finally, Truist Financial lowered their target price on Matador Resources from $63.00 to $59.00 and set a "buy" rating for the company in a report on Monday, August 10th. One 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $66.07.

Insider Transactions at Matador Resources

In related news, COO Glenn W. Stetson acquired 500 shares of Matador Resources stock in a transaction on Tuesday, June 9th. The stock was purchased at an average cost of $53.41 per share, with a total value of $26,705.00. Following the purchase, the chief operating officer directly owned 95,470 shares in the company, valued at approximately $5,099,052.70. The trade was a 0.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William Thomas Elsener purchased 850 shares of the business's stock in a transaction dated Monday, August 10th. The shares were bought at an average price of $50.94 per share, with a total value of $43,299.00. Following the purchase, the executive vice president directly owned 114,879 shares of the company's stock, valued at approximately $5,851,936.26. The trade was a 0.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 31,996 shares of company stock worth $1,675,663. 5.90% of the stock is owned by corporate insiders.

More Matador Resources News

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 Price Performance

Matador Resources stock opened at $58.51 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.67. The company has a fifty day simple moving average of $51.46 and a 200-day simple moving average of $54.43. The stock has a market cap of $7.24 billion, a P/E ratio of 10.04 and a beta of 0.76. Matador Resources Company has a 12-month low of $37.14 and a 12-month high of $66.84.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, beating the consensus estimate 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 net margin of 19.85% and a return on equity of 13.18%. The firm's revenue was up 32.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.53 earnings per share. Equities analysts expect that Matador Resources Company will post 7.26 EPS for the current fiscal year.

Matador Resources Dividend Announcement

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

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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