Heartland Advisors Inc. bought a new stake in Matador Resources Company (NYSE:MTDR – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 134,318 shares of the energy company’s stock, valued at approximately $6,686,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MTDR. Jones Financial Companies Lllp boosted its stake in Matador Resources by 1,104.8% in the first quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock valued at $103,000 after acquiring an additional 1,845 shares in the last quarter. Geneos Wealth Management Inc. increased its position 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 purchasing an additional 690 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Matador Resources during the second quarter worth about $255,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Matador Resources in the 2nd quarter valued at about $5,126,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Matador Resources by 767.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock valued at $156,000 after purchasing an additional 2,885 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about 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 Trading Up 0.2%
Matador Resources (NYSE:MTDR – Get Free Report) last issued its earnings results on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.08 by $0.53. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm earned $1.53 EPS. The business’s revenue was up 32.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Matador Resources Company will post 7.26 earnings per share for the current fiscal year.
Matador Resources Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.50 dividend on an annualized basis and a yield of 2.6%. Matador Resources’s payout ratio is currently 25.73%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on MTDR shares. Truist Financial dropped their price target on Matador Resources from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Mizuho upgraded Matador Resources to a “strong-buy” rating in a research note on Friday, July 31st. Zacks Research downgraded Matador Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen upgraded shares of Matador Resources from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Morgan Stanley cut their target price on shares of 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 issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.07.
Get Our Latest Analysis on Matador Resources
Insider Activity at Matador Resources
In other news, CFO Christopher P. Calvert purchased 1,500 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $53.24 per share, with a total value of $79,860.00. Following the purchase, the chief financial officer directly owned 41,500 shares of the company’s stock, valued at $2,209,460. The trade was a 3.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Glenn W. Stetson purchased 500 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average cost of $53.41 per share, for a total transaction 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. This represents a 0.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 31,996 shares of company stock valued at $1,675,663. 5.90% of the stock is owned by corporate insiders.
About Matador Resources
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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