Legal & General Group Plc Makes New $6.65 Million Investment in Matador Resources Company $MTDR

Legal & General Group Plc purchased a new stake in Matador Resources Company (NYSE:MTDR) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 133,639 shares of the energy company’s stock, valued at approximately $6,653,000. Legal & General Group Plc owned about 0.11% of Matador Resources as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Great Lakes Advisors LLC purchased a new stake in Matador Resources during the second quarter valued at about $605,000. Quantbot Technologies LP purchased a new position in shares of Matador Resources in the 2nd quarter worth about $3,682,000. Morningstar Investment Management LLC acquired a new position in shares of Matador Resources in the 1st quarter valued at about $2,630,000. BlackRock Inc. purchased a new stake in shares of Matador Resources during the 2nd quarter worth about $573,936,000. Finally, Peterson Wealth Services increased its position in Matador Resources by 333.7% during the 4th quarter. Peterson Wealth Services now owns 51,356 shares of the energy company’s stock worth $2,180,000 after purchasing an additional 39,516 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. UBS Group raised their price target on shares of Matador Resources from $54.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Citigroup dropped their price objective on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. KeyCorp cut their target price on shares of Matador Resources from $73.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, August 13th. Truist Financial reduced their target price on shares of Matador Resources from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Finally, Wells Fargo & Company raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $79.00 to $77.00 in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.93.

Matador Resources Stock Up 0.5%

NYSE MTDR opened at $59.53 on Thursday. 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 Company has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. The business has a 50 day moving average price of $52.56 and a two-hundred day moving average price of $55.10. The stock has a market cap of $7.37 billion, a PE ratio of 10.21 and a beta of 0.79.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $1.53 earnings per share. The business’s quarterly revenue was up 32.5% on a year-over-year basis. As a group, sell-side analysts predict that Matador Resources Company will post 7.26 EPS for the current fiscal year.

Matador Resources Announces Dividend

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. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.50 annualized dividend and a yield of 2.5%. Matador Resources’s payout ratio is 25.73%.

Matador Resources News Summary

Here are the key news stories impacting Matador Resources this week:

• Positive Sentiment: Wells Fargo upgraded MTDR from “Equal Weight” to “Overweight.” The firm set a $77 price target, implying substantial potential upside from recent trading levels. Although the target was reduced from $79, the rating change suggests improved confidence in Matador’s relative performance and could support the stock.
• Positive Sentiment: CFO Christopher Calvert purchased 2,500 shares at an average price of $56.64, investing approximately $141,600 and increasing his holdings by 6.02%. Insider buying can be viewed as a vote of confidence in the company’s valuation and outlook. Christopher Calvert Purchases 2,500 Shares of Matador Resources Stock
• Neutral Sentiment: Zacks Research made mixed, modest changes to its long-term forecasts while retaining a “Hold” rating. Estimates increased for third-quarter 2027 EPS to $1.82 from $1.77, fiscal 2027 EPS to $6.90 from $6.87, and fiscal 2028 EPS to $7.35 from $7.32.
• Negative Sentiment: Zacks lowered estimates for fiscal 2026 EPS to $6.37 from $6.40, fourth-quarter 2026 EPS to $1.24 from $1.26, first-quarter 2027 EPS to $1.80 from $1.81, fourth-quarter 2027 EPS to $1.67 from $1.69, and second-quarter 2027 EPS to $1.60 from $1.61. These reductions point to near-term earnings pressure, despite the small upward revisions further out.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran bought 10,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of $52.16 per share, for a total transaction of $521,600.00. Following the completion of the purchase, the chief executive officer directly owned 25,617 shares of the company’s stock, valued at approximately $1,336,182.72. The trade was a 64.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Glenn W. Stetson bought 500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were acquired 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 owned 95,470 shares of the company’s stock, valued at approximately $5,099,052.70. The trade was a 0.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 25,644 shares of company stock worth $1,344,638. 5.90% of the stock is owned by corporate insiders.

Matador Resources 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.