Matador Resources EVP Robert Macalik buys $60,750 in stock

Published 02/05/2025, 12:36
Matador Resources EVP Robert Macalik buys $60,750 in stock

In a recent transaction, Robert T. Macalik, the Executive Vice President and Chief Accounting Officer of Matador Resources Co (NYSE:MTDR), acquired 1,500 shares of the company’s common stock. The shares were purchased on May 1, 2025, at a price of $40.50 per share, totaling $60,750. This purchase was made through Macalik’s Individual Retirement Account, bringing his total direct and indirect holdings to 141,305 shares. The timing is notable as the stock has declined over 20% in the past six months, though InvestingPro analysis suggests the shares are currently trading below their Fair Value.

The filing also disclosed that Macalik’s total stock ownership includes shares acquired through Matador’s Employee Stock Purchase Plan and restricted stock grants. These transactions are part of the company’s standard equity compensation practices. The company has demonstrated strong shareholder returns, with a dividend growth of 56% over the last twelve months. InvestingPro subscribers can access 8 additional key insights about Matador’s financial health and growth prospects through the comprehensive Pro Research Report, available exclusively on the platform.

In other recent news, Matador Resources Company 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 reported revenue of $909.9 million, which was below the expected $959.65 million. Matador Resources has been actively managing its financial health by repaying $190 million in debt and has increased its dividends six times over the past four years. The company is also projecting a 17% increase in oil production by the end of the year, with the second quarter expected to be a record in terms of production.

Additionally, Matador Resources has authorized a $400 million share buyback and is considering the possibility of a midstream initial public offering (IPO). Analyst firms such as KeyBanc Capital Markets and JPMorgan have shown interest in the company’s midstream expansion opportunities and share buyback strategy. Despite the mixed earnings results, Matador Resources continues to maintain strong insider ownership, ranging between 6.5% and 7%. The company is exploring various strategies to enhance shareholder value, including potential acquisitions and further dividend increases.

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