Matador Resources Co (NYSE:MTDR), an energy company with a market capitalization of $6.3 billion and current share price of $50.36, saw its Executive Vice President of Production, Glenn W. Stetson, recently acquire 500 shares of the company’s common stock, according to a recent SEC filing. According to InvestingPro analysis, the stock appears to be trading below its Fair Value, while offering a dividend yield of 2.48%. The shares were purchased at a price of $47.49 each, totaling $23,745. Following this transaction, Stetson holds 92,180 shares directly. This purchase includes shares acquired under the company’s Employee Stock Purchase Plan, which is exempt under Rule 16b-3. Additionally, Stetson’s holdings comprise restricted stock granted in previous years, with portions set to vest on future anniversaries of their grant dates. While the stock shows notable price volatility, InvestingPro data reveals the company maintains a modest P/E ratio of 7.03 and has demonstrated strong returns over the past five years. For deeper insights into Matador Resources’ valuation and performance metrics, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Matador Resources Company has reported several notable developments. The company announced its fourth-quarter earnings, revealing a slight miss in oil production volumes, which reached 118.4 thousand barrels of oil per day, just below the guidance range. Despite this, Matador raised its base dividend by 25% to $1.25 per share annually, signaling confidence in its free cash flow and production growth. Analysts have responded to these updates with varied assessments. JPMorgan increased its price target for Matador from $75 to $76, maintaining an Overweight rating, while Truist Securities reiterated a Buy rating with an $80 target, highlighting Matador’s strong fourth-quarter performance. Mizuho Securities also adjusted its price target from $73 to $77, retaining an Outperform rating, and noted operational cost improvements. JPMorgan, in a separate report, projected Matador’s 2025 production to exceed 200 thousand barrels of oil equivalent per day, with a positive outlook on free cash flow. TD Cowen raised its price target to $75, emphasizing Matador’s efficiency gains and strategic initiatives discussed in investor meetings. These developments reflect a generally optimistic view among analysts regarding Matador’s future performance.
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