American Century Companies Inc. Acquires 180,612 Shares of Matador Resources Company $MTDR

American Century Companies Inc. lifted its stake in shares of Matador Resources Company (NYSE:MTDR) by 25.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 900,557 shares of the energy company’s stock after acquiring an additional 180,612 shares during the quarter. American Century Companies Inc. owned approximately 0.72% of Matador Resources worth $40,462,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MTDR. Vanguard Group Inc. boosted its position in Matador Resources by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 14,780,888 shares of the energy company’s stock valued at $664,105,000 after acquiring an additional 101,613 shares in the last quarter. LSV Asset Management grew its stake in Matador Resources by 5.9% during the 3rd quarter. LSV Asset Management now owns 3,532,303 shares of the energy company’s stock valued at $158,706,000 after purchasing an additional 197,528 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in Matador Resources by 143.1% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,556,472 shares of the energy company’s stock worth $121,995,000 after buying an additional 1,505,000 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Matador Resources by 30.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,302,587 shares of the energy company’s stock valued at $62,159,000 after buying an additional 305,352 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Matador Resources by 64.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,100,805 shares of the energy company’s stock worth $49,459,000 after buying an additional 431,010 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday. TD Cowen raised Matador Resources to a “strong-buy” rating in a report on Monday, February 9th. BMO Capital Markets reiterated an “outperform” rating on shares of Matador Resources in a research report on Thursday, December 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Matador Resources in a report on Friday, January 9th. Finally, Mizuho raised their target price on Matador Resources from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $58.82.

Matador Resources Price Performance

Matador Resources stock opened at $56.37 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.75 and a current ratio of 0.79. Matador Resources Company has a one year low of $35.19 and a one year high of $56.55. The company has a market cap of $7.00 billion, a P/E ratio of 9.24 and a beta of 1.07. The business has a fifty day moving average of $46.20 and a two-hundred day moving average of $44.73.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.71 by $0.16. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The firm had revenue of $847.99 million during the quarter, compared to analysts’ expectations of $811.13 million. During the same quarter last year, the business earned $1.83 earnings per share. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. As a group, analysts predict that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. Matador Resources’s payout ratio is 24.59%.

Matador Resources Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.