Legal & General Group Plc Acquires Shares of 133,639 Matador Resources Company $MTDR

Legal & General Group Plc acquired a new position in shares of Matador Resources Company (NYSE:MTDR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 133,639 shares of the energy company’s stock, valued at approximately $6,653,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Matador Resources in the 2nd quarter valued at about $573,936,000. Wellington Management Group LLP grew its stake in Matador Resources by 65.0% in the fourth quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company’s stock worth $144,558,000 after purchasing an additional 1,342,145 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in Matador Resources in the fourth quarter worth about $53,249,000. Bank of New York Mellon Corp bought a new stake in Matador Resources in the second quarter valued at about $56,161,000. Finally, Value Holdings Management CO. LLC bought a new stake in Matador Resources in the second quarter valued at about $41,532,000. Institutional investors own 91.98% of the company’s stock.

Insider Activity at Matador Resources

In other news, CFO Christopher P. Calvert acquired 2,500 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was acquired at an average price of $56.64 per share, for a total transaction of $141,600.00. Following the completion of the acquisition, the chief financial officer directly owned 44,000 shares in the company, valued at $2,492,160. This represents a 6.02% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP William Thomas Elsener purchased 850 shares of the company’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $50.94 per share, for a total transaction of $43,299.00. Following the completion of the transaction, the executive vice president owned 114,879 shares of the company’s stock, valued at $5,851,936.26. This represents a 0.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 25,644 shares of company stock worth $1,344,638. 5.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stephens increased their target price on Matador Resources from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Roth Capital upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a report on Monday, June 22nd. UBS Group upped their price target on Matador Resources from $54.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Zacks Research cut Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Wells Fargo & Company raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $79.00 to $77.00 in a report on Wednesday. One 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 company’s stock. According to MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and an average target price of $65.93.

Key Matador Resources News

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.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $59.53 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.65 and a quick ratio of 0.62. The firm has a market capitalization of $7.37 billion, a PE ratio of 10.21 and a beta of 0.79. Matador Resources Company has a 1-year low of $37.14 and a 1-year high of $66.84. The business’s fifty day moving average price is $52.56 and its two-hundred day moving average price is $55.10.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.53. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.06 billion. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 earnings per share. On average, research analysts expect that Matador Resources Company will post 7.26 EPS for the current 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 paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, August 10th. Matador Resources’s payout ratio is currently 25.73%.

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.