Matador Resources chairman and CEO Joseph Foran buys $778,800 in stock By Investing.com

Joseph Wm Foran, Chairman and Chief Executive Officer of Matador Resources Co (), recently increased his holdings in the company through open market purchases totaling $778,800. The transactions occurred over two days in mid-August 2026, with prices ranging from $51.44 to $52.16 per share.

On August 12, 2026, Mr. Foran acquired 10,000 shares of common stock at a weighted average price of $52.16 per share. These shares were purchased in multiple transactions with prices between $51.88 and $52.45. The following day, August 13, 2026, he purchased an additional 5,000 shares at a weighted average price of $51.44 per share, with individual transaction prices ranging from $51.29 to $51.74. Some of these acquisitions include shares obtained through the company’s Employee Stock Purchase Plan.

Following these transactions, Mr. Foran directly holds 30,617 shares of Matador Resources common stock. The purchases come as the stock has delivered a 24% year-to-date return and currently trades at a P/E ratio of 8.83. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, suggesting potential upside for investors. The company, with a market capitalization of $6.39 billion, offers shareholders a dividend yield of 2.91%. His indirect beneficial ownership includes a substantial number of shares held through various family trusts and partnerships. These include 534,381 shares held by the Foran 2012 Savings Trust, 499,032 shares by the Foran 2012 Security Trust, and 1,105,913 shares by Sage Resources, Ltd., a family-owned limited partnership.

Additionally, Mr. Foran indirectly holds 1,137,182 shares through the LRF 2011 Non-GST Trust, WJF 2011 Non-GST Trust, JNF 2011 Non-GST Trust, SIF 2011 Non-GST Trust, and MCF 2011 Non-GST Trust (collectively, the “2011 Non-GST Trusts”). He also holds 1,347,912 shares through the LRF 2020 Non-GST Trust, WJF 2020 Non-GST Trust, SIF 2020 Non-GST Trust, and MCF 2020 Non-GST Trust (collectively, the “2020 Non-GST Trusts”). Further indirect holdings are distributed across several GRATs (Grantor Retained Annuity Trusts), including 35,123 shares each in the JWF 2024-2 GRAT and NNF 2024-2 GRAT, 46,787 shares each in the JWF 2025-1 GRAT and NNF 2025-1 GRAT, 92,009 shares each in the JWF 2025-2 GRAT and NNF 2025-2 GRAT, and 238,200 shares each in the JWF 2026-1 GRAT and NNF 2026-1 GRAT. Mr. Foran disclaims beneficial ownership of these indirectly held shares, except to the extent of his pecuniary interest.InvestingPro Tips highlight that Matador has raised its dividend for 5 consecutive years, with dividend growth of 20% over the last twelve months. The company has also delivered strong returns over the last five years. Investors seeking deeper insights can access Matador’s comprehensive Pro Research Report, one of 1,400+ available on InvestingPro, which transforms complex Wall Street data into clear, actionable intelligence through intuitive visuals and expert analysis.

In other recent news, Matador Resources reported second-quarter 2026 earnings and revenue that exceeded Wall Street expectations. The company achieved adjusted earnings of $2.61 per share on revenue of $1.19 billion, surpassing analysts’ estimates of $2.23 per share and $1.06 billion, respectively. Matador Resources also generated near-record free cash flow, reduced its debt, and raised its production outlook. Following the release of these results, UBS raised its price target for Matador Resources to $56 from $54, maintaining a Neutral rating due to the company’s strong execution in the second quarter. In contrast, KeyBanc lowered its price target to $68 from $73, citing concerns about higher leverage with expectations of net debt reaching $5.1 billion by year-end 2026. Despite the differing analyst perspectives, these developments highlight the company’s recent financial performance and strategic adjustments.

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