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Joseph Wm. Foran, Chairman and CEO of Matador Resources Co (NYSE:MTDR), recently acquired a significant amount of the company’s stock. According to a filing with the Securities and Exchange Commission, Foran purchased 2,500 shares of Matador Resources’ common stock on May 5. The shares were bought at an average price of $39.93, bringing the total transaction value to approximately $99,825. The purchase comes as the company, currently valued at nearly $5 billion, trades at an attractive P/E ratio of 5.4x and has demonstrated strong profitability in recent quarters. InvestingPro analysis suggests the stock is currently trading below its Fair Value.
Following this transaction, Foran’s direct ownership in Matador Resources increased, with a total of 58,256 shares now held. The purchase reflects Foran’s continued investment in the company, which is based in Dallas, Texas. Notably, the company has shown impressive dividend growth of over 56% in the past year. For deeper insights into insider trading patterns and comprehensive valuation metrics, check out the detailed Pro Research Report available on InvestingPro.
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, compared to the forecasted $1.84. However, the company fell short on revenue, posting $909.9 million against a forecast of $959.65 million. Matador Resources has taken significant steps to strengthen its financial position by repaying $190 million in debt and increasing dividends six times over the past four years. The company has also authorized a $400 million share buyback and is exploring the potential of a midstream initial public offering (IPO). Analysts from KeyBanc Capital Markets and JPMorgan have shown interest in Matador’s midstream expansion opportunities and its strategic approach to growth amid market volatility. Matador Resources anticipates a record second quarter for oil production and projects a 17% increase in oil production by the end of the year. The company continues to focus on operational flexibility and maintaining a balanced growth strategy, as highlighted by its executives during the earnings call.
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