Glenn W. Stetson, EVP and COO at Matador Resources Co (MTDR), bought 500 shares at $53.94 ($27K) on 2026-05-28, disclosed to the SEC on 2026-06-01.
EVP Glenn Stetson purchased 500 shares for $26,970, signaling confidence in the company's operational strategy. This buy comes as the stock has pulled back 14% over the last month despite a strong 1-year run.
The stock is currently trading at $53.61, down 5.28% over the past five days and 14.02% over the last month, sitting 19.75% below its 52-week high of $66.80.
Catalysts include Morgan Stanley raising the price target to $75 on May 22 and the company's May 25 announcement of a $1.1B Delaware Basin acreage acquisition.
The stock faces risks from elevated short interest at 8.94% and sensitivity to crude price fluctuations, as noted in the May 24 report regarding softer oil prices.
Something here stands out, but not much.
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