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In a recent transaction, Brian J. Willey, Executive Vice President and Chief Financial Officer of Matador Resources Co (NYSE:MTDR), purchased 450 shares of the company’s common stock. The shares were acquired at a price of $53.06 each, leading to a total transaction value of approximately $23,877. The purchase comes as the stock has declined 7.7% over the past week, trading near $52.51.
Following this acquisition, Willey holds a total of 1,950 shares in his 401(k) account. Additionally, he maintains direct ownership of 91,151 shares, which includes shares acquired through the company’s Employee Stock Purchase Plan and restricted stock grants. Furthermore, Willey holds 3,760 shares in his Individual Retirement Account. According to InvestingPro, the company offers a 2.4% dividend yield and has shown strong revenue growth of 23.6% in the last twelve months.
This transaction highlights Willey’s continued investment in Matador Resources, a company engaged in the crude petroleum and natural gas industry, headquartered in Dallas, Texas. Trading at a P/E ratio of 7.38, InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in their comprehensive Pro Research Report covering 1,400+ US equities.
In other recent news, Matador Resources Company reported its fourth-quarter earnings, which revealed a slight miss in oil production volumes, reaching 118.4 thousand barrels of oil per day, just below the company’s guidance range. Despite this, the company exceeded expectations for earnings and adjusted free cash flow, as noted by Truist Securities, which maintained a Buy rating with an $80 price target. Matador also announced a 25% increase in its base dividend to $1.25 per share annually, reflecting confidence in its free cash flow and production growth.
JPMorgan raised its price target for Matador to $76, maintaining an Overweight rating, citing long-term growth and capital efficiency. Mizuho (NYSE:MFG) Securities also adjusted its price target to $77, keeping an Outperform rating, and highlighted Matador’s operational cost improvements and strong initial production results from recent wells. TD Cowen echoed a positive sentiment, raising its price target to $75 and maintaining a Buy rating, following discussions with Matador executives about future performance and strategic initiatives.
Matador’s guidance for the first quarter of 2025 anticipates a sequential decline in oil production, attributed to the timing of well completions, but the company expects an increase in volumes in the second quarter. The company’s operational efficiencies and strategic investments, particularly in midstream and natural gas opportunities, are seen as positive indicators for future growth. Analyst firms remain optimistic about Matador’s prospects, with expectations of continued success in the energy sector.
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