Two top C-suite executives buying stock simultaneously with no plan-driven pattern is a strong conviction signal. The CFO's $142K purchase is particularly notable as CFOs rarely make large open-market buys. Monitor for any upcoming corporate catalyst (earnings, asset sale, or operational update) that may have prompted this cluster.
Price Chart
Executive Summary
Matador Resources CEO Joseph Foran and CFO Christopher Calvert made open-market purchases totaling $172K, with the CFO's $142K buy being the larger transaction. This insider buying cluster follows a strong historical pattern where prior MTDR insider buys generated positive returns, and the purchases occur without any apparent 10b5-1 plan or routine pattern.
Key Financial Metrics
Key Facts
- CEO Joseph Foran purchased 555 shares at $54.49 for $30K on 2026-08-26
- EVP and CFO Christopher Calvert purchased 2,500 shares at $56.64 for $142K on 2026-08-27
- Total insider buying cluster value: $172K, all open-market purchases
- Both purchases are by C-suite executives (CEO and CFO), the strongest insider signal per academic literature
- No 10b5-1 plan or routine pattern detected — these are discretionary open-market buys
Financial Impact
$172K in open-market purchases by CEO and CFO; market cap not provided but likely <0.1% of cap given MTDR's ~$5B+ market cap
Risk Factors
- Absolute dollar amount is modest relative to company size — may be routine portfolio rebalancing
- Oil and gas sector is commodity-price sensitive; insider buys don't hedge macro risk
- Historical outperformance may not repeat if market conditions change
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MTDR-1788176162230 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 4d ago | 8-K | $56.79 | awaiting T+60 | — | $59.96 (+5.58%) |
Oct 5, 2026 21d ago | 8-K | $53.01 | awaiting T+60 | — | $59.96 (+13.11%) |
Aug 31, 2026 8w ago | Insider Cluster | $58.01 | awaiting T+60 | — | $59.96 (+3.36%) |
Aug 14, 2026 10w ago | Insider Cluster | $53.69 | awaiting T+60 | — | $59.96 (+11.68%) |
Aug 12, 2026 10w ago | Insider Cluster | $52.51 | awaiting T+60 | — | $59.96 (+14.19%) |
Jul 24, 2026 13w ago | 8-K | $50.81 $57.38 | ▲ +12.93% | ▲ +9.64% | $59.96 (+18.01%) |
Jun 17, 2026 18w ago | Insider Cluster | $49.56 $61.18 | ▲ +23.45% | ▲ +21.55% | $59.96 (+20.98%) |
Jun 16, 2026 18w ago | 8-K | $50.40 $61.05 | ▲ +21.13% | ▲ +17.98% | $59.96 (+18.97%) |
Jun 11, 2026 19w ago | Institutional Cluster | $53.62 $59.15 | ▲ +10.31% | ▲ +5.92% | $59.96 (+11.82%) |
Jun 11, 2026 19w ago | Insider Cluster | $53.62 $59.15 | ▲ +10.31% | ▲ +5.92% | $59.96 (+11.82%) |
US Market Status
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