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In a recent transaction, Joseph Wm. Foran, Chairman and CEO of Matador Resources Co (NYSE:MTDR), purchased 5,000 shares of the company’s common stock. The acquisition, dated April 30, 2025, was made at a weighted average price of $39.21 per share, with prices ranging from $39.17 to $39.25. This purchase amounts to a total investment of approximately $196,050. The timing is notable as the stock has declined about 23% over the past six months, and according to InvestingPro analysis, the stock appears undervalued at current levels.
Following this transaction, Foran now directly owns 55,756 shares. The shares were acquired as part of the company’s Employee Stock Purchase Plan, which is exempt under specific regulatory rules. The company currently offers a 3.2% dividend yield and has raised its dividend for four consecutive years, as noted by InvestingPro’s analysis, which includes 8 additional key insights about the stock’s potential.
Foran also holds additional shares indirectly through various trusts and family-owned entities, with his total indirect holdings spanning several trusts and partnerships. With a P/E ratio of 5.25 and strong profitability metrics, including a 79.8% gross profit margin, Matador Resources continues to demonstrate solid financial performance despite recent market volatility.
In other recent news, Matador Resources reported its first-quarter earnings for 2025, exceeding analyst expectations with an earnings per share (EPS) of $1.99, surpassing the forecasted $1.84. However, the company reported revenue of $909.9 million, falling short of the anticipated $959.65 million. Despite the earnings beat, Matador Resources’ stock price saw a decline in after-hours trading. The company made significant strides in debt reduction, repaying $190 million, and has continued its trend of increasing dividends, having done so six times in the past four years. Matador Resources is projecting a 17% increase in oil production by the end of the year and anticipates a record second quarter for production. The company has also authorized a $400 million share buyback and is exploring options for a potential midstream IPO. Analysts from firms like KeyBanc and JPMorgan have shown interest in Matador’s operational plans and midstream expansion opportunities.
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