American Century Companies Inc. Has $34.24 Million Holdings in Matador Resources Company $MTDR

Key Points

• American Century Companies Inc. increased its stake in Matador Resources by 10.4% during the first quarter, owning approximately $34.24 million worth of shares after acquiring an additional 62,917 shares.
• Several institutional investors have shown interest in Matador Resources, with institutional ownership now at 91.98%, reflecting a trend of increased investment in the company.
• Matador Resources recently announced a quarterly dividend of $0.3125 per share, which represents an annualized yield of 2.7%, indicating the company's ongoing commitment to return value to shareholders.

American Century Companies Inc. raised its position in shares of Matador Resources Company (NYSE:MTDR - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 670,273 shares of the energy company's stock after buying an additional 62,917 shares during the period. American Century Companies Inc. owned about 0.54% of Matador Resources worth $34,244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MTDR. D.A. Davidson & CO. bought a new position in Matador Resources in the 1st quarter valued at $263,000. GAMMA Investing LLC increased its stake in shares of Matador Resources by 42.8% in the first quarter. GAMMA Investing LLC now owns 2,698 shares of the energy company's stock valued at $138,000 after buying an additional 809 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Matador Resources in the first quarter valued at about $885,000. Delphi Management Inc. MA lifted its position in Matador Resources by 118.6% during the 1st quarter. Delphi Management Inc. MA now owns 23,302 shares of the energy company's stock worth $1,190,000 after buying an additional 12,642 shares in the last quarter. Finally, OneDigital Investment Advisors LLC bought a new stake in Matador Resources during the 1st quarter worth about $200,000. 91.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Joseph Wm Foran acquired 5,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $49.17 per share, for a total transaction of $245,850.00. Following the transaction, the chief executive officer directly owned 6,606 shares in the company, valued at approximately $324,817.02. This represents a 311.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 5.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MTDR. KeyCorp boosted their target price on shares of Matador Resources from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Raymond James Financial boosted their price objective on shares of Matador Resources from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. UBS Group dropped their price objective on shares of Matador Resources from $49.00 to $48.00 and set a "neutral" rating for the company in a research report on Wednesday. Bank of America assumed coverage on shares of Matador Resources in a research report on Monday, May 19th. They issued a "buy" rating and a $56.00 price objective for the company. Finally, Mizuho dropped their price objective on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Matador Resources has a consensus rating of "Moderate Buy" and a consensus target price of $67.60.

Matador Resources Trading Up 4.2%

Shares of NYSE MTDR traded up $1.9330 during mid-day trading on Friday, hitting $48.2730. The company's stock had a trading volume of 1,222,721 shares, compared to its average volume of 1,612,955. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 7.07 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81. Matador Resources Company has a one year low of $35.19 and a one year high of $64.04. The company's fifty day simple moving average is $49.40 and its 200-day simple moving average is $47.57.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.24. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The company had revenue of $895.31 million for the quarter, compared to analyst estimates of $892.86 million. During the same quarter last year, the firm earned $2.05 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.25 annualized dividend and a yield of 2.6%. Matador Resources's dividend payout ratio (DPR) is presently 18.30%.

Matador Resources Company Profile

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.