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Reynald Baribault, a director at Matador Resources Co (NYSE:MTDR), has purchased 300 shares of the company’s common stock, according to a recent SEC filing. The shares were acquired at a weighted average price of $46.60, resulting in a total transaction value of $13,980. The purchase comes as the stock trades near its 52-week low of $45.27, with InvestingPro analysis indicating the stock is currently undervalued. The shares were bought in multiple transactions at prices ranging from $45.38 to $46.84 per share. Following this purchase, Baribault’s indirect ownership now includes 116,118 shares, which are held by the Reynald A. Baribault Maritalized Revocable Living Trust, for which both he and his spouse serve as trustees. The $5.74 billion market cap company currently trades at an attractive P/E ratio of 6.37x while offering a dividend yield of 2.69%.
In addition to the indirect holdings, Baribault also directly owns 10,795 shares and holds 7,818 shares indirectly through the Sally K. Baribault Maritalized Revocable Living Trust. Furthermore, his Individual Retirement Account holds an additional 6,515 shares.
This filing highlights Baribault’s continued investment in Matador Resources, a company engaged in the exploration and production of crude petroleum and natural gas. The company has demonstrated strong performance with 23.61% revenue growth over the last twelve months. For deeper insights into MTDR’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Matador Resources Company has been the focus of several analyst updates following its recent earnings report and strategic announcements. Matador’s fourth-quarter earnings for 2024 surpassed consensus estimates for earnings and adjusted free cash flow, despite challenges in oil production volumes due to third-party constraints. The company reported oil production of 118.4 thousand barrels per day, slightly missing its guidance range. However, Matador raised its annual dividend by 25% to $1.25 per share, indicating confidence in its financial health and future cash flow.
JPMorgan increased its price target for Matador Resources to $76, maintaining an Overweight rating, and noted the company’s strategic use of advanced completion techniques to enhance production. Truist Securities also reiterated a Buy rating with an $80 price target, highlighting Matador’s operational efficiencies and promising 2025 guidance. Mizuho (NYSE:MFG) Securities raised its price target to $77, maintaining an Outperform rating, citing Matador’s strong initial production results and better-than-expected operational costs.
TD Cowen increased its price target to $75, emphasizing the company’s efficiency gains and strategic initiatives discussed in recent investor meetings. Analysts have noted Matador’s plans to reduce annual capital expenditure while maintaining strong production growth, with a focus on midstream operations and natural gas opportunities. These developments reflect a positive outlook from analysts on Matador Resources’ future performance in the energy sector.
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