Procore signs multi-year strategic collaboration agreement with AWS
William Thomas Elsener, Executive Vice President of Reservoir Engineering at Matador Resources Co (NYSE:MTDR), recently purchased 750 shares of the company’s common stock. The shares were acquired on May 1, 2025, at a price of $40.10 each, totaling $30,075. Following this transaction, Elsener holds a total of 111,197 shares directly. The purchase comes as Matador, currently valued at $5 billion, trades significantly below its InvestingPro Fair Value, with the stock down nearly 28% year-to-date.
The acquisition was made under Matador’s Employee Stock Purchase Plan, which is exempt under Rule 16b-3. Additionally, Elsener’s holdings include 2,667 shares of restricted stock granted on February 16, 2023, which are set to vest on the third anniversary of the grant date. Despite recent market volatility, Matador maintains strong fundamentals with a healthy 80% gross profit margin and has consistently raised its dividend for four consecutive years. Discover more insights about MTDR and 1,400+ other stocks with comprehensive InvestingPro Research Reports.
In other recent news, Matador Resources reported its first-quarter earnings for 2025, surpassing 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. Despite the earnings beat, Matador Resources repaid $190 million in debt and continued its trend of increasing dividends, which it has done six times over the past four years. The company is projecting a 17% increase in oil production by the end of the year, with the second quarter expected to set a record in terms of production. Matador has also authorized a $400 million share buyback and is exploring the possibility of a midstream IPO. Analysts have noted these developments, with KeyBanc Capital Markets and JPMorgan analysts inquiring about the company’s midstream expansion opportunities and future growth plans. Matador Resources continues to maintain strong insider ownership, between 6.5% and 7%, as it navigates the challenges and opportunities in the current market environment.
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