American Century Companies Inc. Has $34.17 Million Stock Position in Matador Resources (NYSE:MTDR)

American Century Companies Inc. lifted its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 607,356 shares of the energy company's stock after buying an additional 21,466 shares during the quarter. American Century Companies Inc. owned about 0.49% of Matador Resources worth $34,170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in Matador Resources by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company's stock worth $70,914,000 after acquiring an additional 57,254 shares during the last quarter. Citigroup Inc. lifted its holdings in Matador Resources by 40.1% during the 3rd quarter. Citigroup Inc. now owns 138,580 shares of the energy company's stock worth $6,849,000 after purchasing an additional 39,630 shares during the last quarter. Cerity Partners LLC boosted its stake in Matador Resources by 42.8% in the 3rd quarter. Cerity Partners LLC now owns 69,082 shares of the energy company's stock valued at $3,414,000 after purchasing an additional 20,700 shares during the period. FMR LLC grew its holdings in Matador Resources by 162.9% in the 3rd quarter. FMR LLC now owns 478,795 shares of the energy company's stock valued at $23,662,000 after buying an additional 296,663 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Matador Resources during the 3rd quarter worth $891,000. Institutional investors own 91.98% of the company's stock.

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Wall Street Analyst Weigh In

MTDR has been the subject of a number of recent research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. TD Cowen boosted their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Truist Financial raised their target price on shares of Matador Resources from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Raymond James cut their price target on Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Finally, Wolfe Research upgraded Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price objective on the stock in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.79.

Matador Resources Price Performance

NYSE MTDR traded up $1.14 during trading on Wednesday, hitting $52.25. 1,123,665 shares of the company's stock were exchanged, compared to its average volume of 1,492,539. The company has a market cap of $6.54 billion, a PE ratio of 7.32 and a beta of 3.17. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Matador Resources has a fifty-two week low of $43.89 and a fifty-two week high of $71.08. The stock's 50 day moving average price is $53.57 and its two-hundred day moving average price is $54.92.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The company had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Research analysts expect that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.39%. This is a boost from Matador Resources's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 28th. Matador Resources's dividend payout ratio is presently 17.51%.

Insider Activity at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran acquired 6,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of $53.94 per share, for a total transaction of $323,640.00. Following the acquisition, the chief executive officer now directly owns 39,379 shares in the company, valued at $2,124,103.26. This represents a 17.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul W. Harvey bought 600 shares of Matador Resources stock in a transaction on Friday, February 21st. The shares were acquired at an average cost of $55.20 per share, for a total transaction of $33,120.00. Following the completion of the acquisition, the director now directly owns 27,917 shares in the company, valued at approximately $1,541,018.40. The trade was a 2.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 21,350 shares of company stock valued at $1,100,769 in the last 90 days. 6.10% of the stock is owned by corporate insiders.

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.