American Century Companies Inc. Has $33.48 Million Holdings in Matador Resources (NYSE:MTDR)

American Century Companies Inc. lifted its position in shares of Matador Resources (NYSE:MTDR) by 2.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 561,671 shares of the energy company’s stock after purchasing an additional 15,835 shares during the quarter. American Century Companies Inc. owned 0.45% of Matador Resources worth $33,476,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Denver PWM LLC acquired a new position in Matador Resources during the second quarter worth $27,000. Covestor Ltd raised its holdings in shares of Matador Resources by 121.4% in the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after acquiring an additional 227 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Matador Resources in the 1st quarter worth about $34,000. Lindbrook Capital LLC lifted its position in Matador Resources by 84.3% in the 1st quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock valued at $40,000 after acquiring an additional 273 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Matador Resources by 191.8% during the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock valued at $47,000 after purchasing an additional 466 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Price Performance

Matador Resources stock opened at $51.96 on Wednesday. The business’s 50 day simple moving average is $57.09 and its 200 day simple moving average is $61.05. Matador Resources has a 12 month low of $48.22 and a 12 month high of $71.08. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 7.08 and a beta of 3.27. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The firm had revenue of $847.14 million for the quarter, compared to analysts’ expectations of $822.55 million. During the same quarter in the prior year, the firm earned $1.42 EPS. The business’s revenue for the quarter was up 32.8% compared to the same quarter last year. Sell-side analysts forecast that Matador Resources will post 7.83 EPS for the current year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were paid a $0.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.54%. Matador Resources’s payout ratio is 10.96%.

Insider Activity

In other Matador Resources news, CAO Robert T. Macalik acquired 500 shares of Matador Resources stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $54.50 per share, for a total transaction of $27,250.00. Following the purchase, the chief accounting officer now owns 29,300 shares of the company’s stock, valued at $1,596,850. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Robert T. Macalik bought 500 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $54.50 per share, for a total transaction of $27,250.00. Following the purchase, the chief accounting officer now directly owns 29,300 shares in the company, valued at $1,596,850. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian J. Willey purchased 1,500 shares of the stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $50.50 per share, for a total transaction of $75,750.00. Following the completion of the acquisition, the chief financial officer now owns 1,500 shares of the company’s stock, valued at approximately $75,750. The disclosure for this purchase can be found here. Insiders have acquired a total of 12,300 shares of company stock valued at $634,615 over the last quarter. Company insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

MTDR has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on Matador Resources from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, July 29th. TD Cowen lifted their price objective on shares of Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Matador Resources in a report on Thursday, July 25th. Mizuho cut their price target on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Matador Resources from $83.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $77.17.

About Matador Resources

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.