American Century Companies Inc. Has $34.36 Million Stake in Matador Resources Company $MTDR

American Century Companies Inc. increased its stake in shares of Matador Resources Company (NYSE:MTDR) by 7.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 719,945 shares of the energy company’s stock after buying an additional 49,672 shares during the quarter. American Century Companies Inc. owned about 0.58% of Matador Resources worth $34,356,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its holdings in shares of Matador Resources by 71.7% during the 1st quarter. Allianz Asset Management GmbH now owns 10,300 shares of the energy company’s stock worth $526,000 after purchasing an additional 4,300 shares in the last quarter. Cetera Investment Advisers raised its stake in Matador Resources by 34.7% in the first quarter. Cetera Investment Advisers now owns 10,873 shares of the energy company’s stock valued at $555,000 after purchasing an additional 2,803 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Matador Resources by 6.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,013 shares of the energy company’s stock worth $1,687,000 after purchasing an additional 2,031 shares during the period. LPL Financial LLC lifted its position in Matador Resources by 21.7% during the first quarter. LPL Financial LLC now owns 81,175 shares of the energy company’s stock worth $4,147,000 after purchasing an additional 14,461 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Matador Resources during the first quarter worth about $471,000. Institutional investors own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MTDR. Morgan Stanley dropped their target price on shares of Matador Resources from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. Royal Bank Of Canada lifted their price objective on shares of Matador Resources from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Matador Resources in a research note on Tuesday, October 14th. William Blair assumed coverage on Matador Resources in a report on Monday, August 25th. They issued an “outperform” rating on the stock. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $55.00 price target (down previously from $63.00) on shares of Matador Resources in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and an average price target of $63.57.

Insiders Place Their Bets

In other Matador Resources news, Director Shelley F. Appel purchased 1,784 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were bought at an average price of $39.85 per share, for a total transaction of $71,092.40. Following the completion of the acquisition, the director owned 1,784 shares in the company, valued at approximately $71,092.40. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Christopher P. Calvert acquired 2,500 shares of Matador Resources stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of $39.44 per share, for a total transaction of $98,600.00. Following the purchase, the chief operating officer owned 40,000 shares of the company’s stock, valued at $1,577,600. The trade was a 6.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 41,726 shares of company stock worth $1,674,234 over the last quarter. 5.80% of the stock is currently owned by corporate insiders.

Matador Resources Stock Up 1.8%

Shares of MTDR opened at $42.40 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. Matador Resources Company has a 52 week low of $35.19 and a 52 week high of $64.04. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 6.77 and a beta of 1.35. The stock has a fifty day moving average of $42.18 and a 200-day moving average of $46.11.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.14. The business had revenue of $939.02 million for the quarter, compared to analyst estimates of $893.22 million. Matador Resources had a return on equity of 14.80% and a net margin of 20.46%.Matador Resources’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. As a group, sell-side analysts anticipate that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 10th will be paid a $0.375 dividend. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Matador Resources’s payout ratio is currently 23.96%.

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.