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matador resources sees insider buying and institutional investment growth

EVP Glenn W. Stetson acquired 1,000 shares of Matador Resources at $53.06 each, increasing his ownership by 1.10% to 91,680 shares valued at $4.86 million. Institutional investors have significantly increased their stakes, with 91.98% of the stock now held by hedge funds. Matador recently reported Q4 earnings of $1.83 per share, missing estimates, and announced a dividend increase to $0.3125 per share.

Matador Resources increases 2024 oil production forecast in Permian Basin

Matador Resources Co. has raised its 2024 oil production forecast, now expecting to produce between 98,500 and 101,500 barrels per day, reflecting a 5% increase from earlier estimates. This adjustment highlights the continued growth of oil production in the western Permian Basin, the most active oil field in the U.S.
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