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

Key Points

• Matador Resources EVP William Thomas Elsener bought 850 shares at an average price of $50.94, investing $43,299 and increasing his holdings to 114,879 shares.
• Matador reported better-than-expected quarterly results, with EPS of $2.61 versus the $2.08 consensus estimate and revenue of $1.17 billion, up 32.5% year over year.
• The company declared a quarterly dividend of $0.375 per share, equivalent to an annualized $1.50 payout and a 2.9% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $65.29.

Matador Resources Company (NYSE:MTDR - Get Free Report) EVP William Thomas Elsener acquired 850 shares of Matador Resources stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $50.94 per share, for a total transaction of $43,299.00. Following the completion of the acquisition, the executive vice president owned 114,879 shares in the company, valued at $5,851,936.26. This trade represents a 0.75% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Matador Resources Trading Down 0.3%

MTDR stock traded down $0.17 during mid-day trading on Wednesday, hitting $52.45. 1,864,178 shares of the company were exchanged, compared to its average volume of 1,897,608. Matador Resources Company has a 12-month low of $37.14 and a 12-month high of $66.84. The firm has a market capitalization of $6.49 billion, a P/E ratio of 9.00 and a beta of 0.76. The business has a fifty day simple moving average of $51.29 and a 200-day simple moving average of $53.83. 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 issued its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.08 by $0.53. The firm 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 business's revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.53 EPS. On average, equities research analysts predict that Matador Resources Company will post 7.11 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The business 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 $0.375 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.50 dividend on an annualized basis and a yield of 2.9%. Matador Resources's dividend payout ratio (DPR) is 25.73%.

Analyst Upgrades and Downgrades

MTDR has been the topic of a number of analyst reports. Zacks Research lowered Matador Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Mizuho upgraded shares of Matador Resources to a "strong-buy" rating in a research note on Friday, July 31st. Morgan Stanley decreased their price target on shares of Matador Resources from $75.00 to $66.00 and set an "equal weight" rating for the company in a research note on Monday, June 29th. Stephens boosted their price target on shares of Matador Resources from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Tuesday, July 28th. Finally, Truist Financial dropped their price objective on shares of Matador Resources from $63.00 to $59.00 and set a "buy" rating on the stock in a research report on Monday. One 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 stock. Based on data from MarketBeat.com, Matador Resources currently has an average rating of "Moderate Buy" and an average target price of $65.29.

Matador Resources News Roundup

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 Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MTDR. Elevation Point Wealth Partners LLC acquired a new stake in shares of Matador Resources during the 2nd quarter worth about $425,000. Commerce Bank purchased a new position in Matador Resources in the second quarter valued at approximately $390,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Matador Resources during the second quarter worth approximately $1,160,000. Cadence Wealth Management LLC acquired a new stake in Matador Resources during the second quarter worth approximately $1,028,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Matador Resources during the 2nd quarter worth approximately $3,682,000. Hedge funds and other institutional investors own 91.98% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source