Cadence Wealth Management LLC Takes $1.03 Million Position in Matador Resources Company $MTDR

Posted by Geri Gentry on Aug 23rd, 2026

Cadence Wealth Management LLC purchased a new stake in Matador Resources Company (NYSE:MTDR – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 20,643 shares of the energy company’s stock, valued at approximately $1,028,000. Matador Resources comprises about 0.5% of Cadence Wealth Management LLC’s holdings, making the stock its 28th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in shares of Matador Resources by 1,104.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock valued at $103,000 after purchasing an additional 1,845 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Matador Resources by 361.3% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after buying an additional 690 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Matador Resources during the second quarter worth approximately $255,000. Arrowstreet Capital Limited Partnership acquired a new position in Matador Resources in the second quarter valued at approximately $5,126,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Matador Resources by 767.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock valued at $156,000 after buying an additional 2,885 shares during the period. 91.98% of the stock is owned by institutional investors.

Key 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.

Wall Street Analyst Weigh In

A number of research firms have commented on MTDR. Mizuho raised shares of Matador Resources to a “strong-buy” rating in a report on Friday, July 31st. KeyCorp reduced their price target on Matador Resources from $73.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. 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. Wall Street Zen upgraded Matador Resources from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Truist Financial reduced their target price on Matador Resources from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.07.

Get Our Latest Stock Analysis on Matador Resources

Insiders Place Their Bets

In other Matador Resources news, EVP William Thomas Elsener acquired 850 shares of the business’s stock in a transaction dated 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 directly owned 114,879 shares in the company, valued at approximately $5,851,936.26. This represents a 0.75% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Glenn W. Stetson acquired 500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was bought at an average cost of $53.41 per share, for a total transaction of $26,705.00. Following the completion of the transaction, the chief operating officer directly owned 95,470 shares of the company’s stock, valued at approximately $5,099,052.70. This trade represents a 0.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 31,996 shares of company stock worth $1,675,663 over the last ninety days. 5.90% of the stock is currently owned by corporate insiders.

Matador Resources Stock Up 0.2%

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 company 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 1-year low of $37.14 and a 1-year high of $66.84.

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, topping the consensus estimate of $2.08 by $0.53. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company posted $1.53 earnings per share. Matador Resources’s revenue was up 32.5% on a year-over-year basis. Research analysts anticipate that Matador Resources Company will post 7.26 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, August 10th. Matador Resources’s dividend payout ratio is presently 25.73%.

About Matador Resources

(Free Report)

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.