Representative Gilbert Ray Cisneros, Jr. (D-California) has sold shares of Matador Resources Company (NYSE:MTDR). In a filing made public on February 13, 2024, Cisneros reported the sale of stock valued between $15,001 and $50,000 on January 9, 2024. The transaction was processed through his account titled “150 MAIN STREET TRUST > BANK OF AMERICA.”
On the same day, Matador Resources’ stock price fell by 0.9%, closing at $47.37. The trading volume reached 1,162,462 shares, which is lower than its average of 1,759,226 shares. Over the past year, the stock has fluctuated between a low of $35.19 and a high of $59.22. Currently, Matador Resources holds a market capitalization of approximately $5.89 billion, a price-to-earnings ratio of 7.57, and a beta of 1.14.
Analysts’ Perspectives on Matador Resources
Recent evaluations by investment analysts indicate a mixed outlook on Matador Resources. Royal Bank of Canada reduced its target price from $62.00 to $60.00, while maintaining an “outperform” rating in a report dated January 13, 2024. Similarly, BMO Capital Markets reaffirmed an “outperform” rating in a report published on December 18, 2023.
On the other hand, Morgan Stanley lowered its price objective from $56.00 to $52.00 with an “equal weight” rating as of January 23, 2024. Citigroup began coverage with a “buy” rating and a target price of $53.00 on December 8, 2023. Bank of America also adjusted its target from $55.00 to $50.00 while setting a “buy” rating in a report on November 3, 2023.
Overall, one analyst has assigned a “Strong Buy” rating, ten analysts have given a “Buy” rating, and four have suggested holding the stock. According to data from MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” with an average target price of $57.82.
Background on Representative Cisneros
Gil Cisneros represents California’s 31st Congressional District in the U.S. House of Representatives, having taken office on January 3, 2025. His current term is set to conclude on January 3, 2027. Cisneros is actively campaigning for re-election in the upcoming 2026 election.
Cisneros has a diverse background. He served as a supply officer in the U.S. Navy from 1994 to 2004 and holds multiple advanced degrees, including a bachelor’s in political science from George Washington University and a master’s in business administration from Regis University. He also earned a master’s in urban education policy from Brown University in 2015.
His career includes a stint as a logistics manager for Frito-Lay and significant philanthropic work following a lottery win in 2010, which enabled him to establish a scholarship program for local high school students. In 2021, he was appointed by President Joe Biden as Under Secretary of Defense for Personnel and Readiness.
Matador Resources Company specializes in the exploration, development, and production of oil, natural gas liquids, and natural gas. With a focus on upstream operations, the company employs advanced drilling techniques, primarily in the Permian Basin, known for its prolific oil production. Matador’s operations center around the Delaware Basin segment, with key holdings in various counties across Texas and New Mexico.
