Matador Resources (NYSE: MTDR), a U.S.-based energy company, recently saw a small change in its shareholder structure. Ameriprise Financial Inc. lowered its position by 4.7% in the fourth quarter of 2024. According to the latest Securities and Exchange Commission (SEC) filing, Ameriprise sold 12,388 shares, leaving it with 252,193 shares valued at over $14 million.
Other institutional investors also made moves during the same period. TCTC Holdings LLC increased its stake by 53.8%, now owning 500 shares worth $28,000. MassMutual Private Wealth & Trust FSB raised its holding by 68.3%, holding 510 shares. Atria Investments Inc grew its shares by 3.1% to 8,188 shares valued at $461,000. EverSource Wealth Advisors LLC doubled its holdings, owning 492 shares. The Arizona State Retirement System added 280 shares, now owning more than 34,400 shares worth nearly $2 million. Overall, institutional investors and hedge funds hold nearly 92% of Matador Resources’ stock.
Several financial analysts updated their price targets for Matador Resources recently. Royal Bank of Canada lowered its price target from $70 to $62 but kept an outperform rating. Wells Fargo cut its target from $86 to $80 with an overweight rating. KeyCorp reduced its target to $60, also maintaining an overweight rating. UBS Group started coverage with a neutral rating and a $47 target. Mizuho slightly lowered its price target to $73 and kept an outperform rating. The average analyst rating is moderate buy with a target price around $70.33.
Matador Resources stock closed recently at $44.49. The company’s market value is about $5.57 billion. Its price-to-earnings ratio stands at 6.23, which may indicate undervaluation. The beta of 1.47 shows the stock has moderate price volatility. The company reported quarterly earnings per share of $1.99, beating expectations of $1.74. Revenue rose 28.7% to $1.01 billion, also exceeding forecasts. Net margin was above 25%, and return on equity was over 18%. Analysts predict an earnings per share of 8.53 for the current fiscal year.
Matador Resources recently announced a quarterly dividend of $0.3125 per share, payable on June 6, 2025. The dividend yield is 2.81% and the payout ratio is low at 16.78%, suggesting the dividend is sustainable. The company also authorized a $400 million share repurchase program, allowing it to buy back up to 7.8% of its stock. This move often signals management believes the stock is undervalued and aims to boost shareholder value.
Insiders have been buying shares recently. CEO Joseph Wm Foran purchased 6,000 shares in February at an average price of $53.94. Executive Vice President William Thomas Elsener bought 750 shares in May at about $40 each. Over the past three months, insiders acquired more than 36,000 shares and now own about 6.1% of the company’s stock.
Matador Resources is an independent energy company focusing on oil and natural gas exploration, production, and acquisition in the United States. It mainly operates in the Delaware Basin in Southeast New Mexico and West Texas. The company has two business segments: Exploration and Production, and Midstream operations.
