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Brian J. Willey, Executive Vice President and Chief Financial Officer of Matador Resources Co (NYSE:MTDR), recently acquired 1,000 shares of the company’s common stock, according to a recent SEC filing. The shares were purchased at $49.43 each, totaling $49,430. The purchase comes as the stock trades near its 52-week low, with InvestingPro analysis indicating the stock is currently undervalued.
Following this acquisition, Willey holds a total of 2,950 shares through his 401(k) account. Additionally, he has direct ownership of 91,151 shares, which includes shares acquired through the company’s Employee Stock Purchase Plan and 2,667 shares of restricted stock granted in February 2023. These restricted shares are set to vest on the third anniversary of the grant date. Willey also holds 3,760 shares in his Individual Retirement Account. The insider purchase comes as Matador maintains strong fundamentals with a P/E ratio of 6.75 and impressive dividend growth of 56.25% over the past year.
This recent purchase reflects Willey’s ongoing investment in Matador Resources, a company involved in crude petroleum and natural gas. With a market cap of nearly $6 billion and strong profitability metrics, Matador has demonstrated resilience in the energy sector. For deeper insights into MTDR’s valuation and growth prospects, access the comprehensive research report available on InvestingPro.
In other recent news, Matador Resources Company reported its fourth-quarter earnings, revealing a slight miss in oil production targets, with volumes reaching 118.4 thousand barrels of oil per day, just below the expected range. Despite this, the company raised its base dividend by 25% to $1.25 per share annually, indicating confidence in future cash flow and production growth. Analysts have responded positively, with JPMorgan increasing its price target to $76, maintaining an Overweight rating, and projecting significant free cash flow for fiscal year 2025. Truist Securities reiterated a Buy rating with an $80 price target, praising Matador’s performance that surpassed consensus estimates for earnings and free cash flow.
Mizuho (NYSE:MFG) Securities also raised its price target to $77, citing operational efficiencies and strong initial production results from new wells. The firm retained an Outperform rating, highlighting Matador’s potential for oil growth. TD Cowen increased its price target to $75, maintaining a Buy rating, following discussions with Matador executives about efficiency gains and strategic initiatives. The company’s strategic management of capital expenditures and midstream operations has been a focal point for analysts, contributing to a positive outlook. These developments reflect a general optimism among analysts regarding Matador Resources’ future performance and growth potential.
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