5. Matador Resources Company (NYSE:MTDR)
Number of Hedge Fund Holders: 38
P/E Ratio: 7.48
Matador Resources Company (NYSE:MTDR) is an energy company with a focus on the exploration, development, and production of oil and natural gas. It has a major presence in the Delaware Basin, though it also operates in the Eagle Ford and Haynesville Shale, where it oversees midstream operations that support its energy production.
For Q4 ending December 31, 2024, Matador Resources Company (NYSE:MTDR) reported record operational performance. The company posted its highest-ever quarterly average daily production of 201,116 barrels of oil equivalent (BOE), marking a 30% increase from Q4 2023. The company also reported great results for natural gas and oil production. Oil production surged by 34% to 118,440 barrels per day, while natural gas production rose 26% to 496.1 million cubic feet per day. Matador’s total proved reserves also grew by 33% to 611.5 million BOE, demonstrating strong asset value growth.
Additionally, Matador Resources Company’s (NYSE:MTDR) batch drilling strategy allowed the company to save almost $30 million to $50 million. The company also lowered its cost per completed lateral foot by 11% to $910 due to operational efficiencies such as ‘U-Turn’ wells and ‘simul-frac’ completions. The company was also able to expand its footprint by acquiring nearly 50,000 net acres in 2024, bringing its total Delaware Basin acreage to 200,000 net acres and increasing its inventory of net drilling locations by 22%.
Matador displayed its commitment to shareholder returns with a 25% dividend increase, raising its annual dividend from $1.00 to $1.25 per share. This marks the sixth dividend increase in four years, highlighting both its strong financial position and its dedication to rewarding shareholders.
Matador Resources Company (NYSE:MTDR)’s year-over-year expansion and efficiency measures reflect a solid growth trajectory. The company has a strong asset base and strategic development plans, positioning it as a compelling investment in the energy sector.
