American Century Companies Boosts Stake in Granite Ridge Resources

Investment firm increases holding in oil and gas exploration company by 12.9% in Q3

Mar. 12, 2026 at 7:04am

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American Century Companies Inc. increased its stake in Granite Ridge Resources, Inc. (NYSE:GRNT) by 12.9% in the third quarter, according to a recent SEC filing. The investment firm now owns approximately 2.66 million shares, or 2.03% of the company's outstanding stock, worth around $14.4 million.

Why it matters

This transaction highlights the continued institutional interest in Granite Ridge Resources, a Permian Basin-focused oil and gas exploration and production company. The increase in American Century's position suggests they see potential upside in the company's operations and future performance.

The details

According to the SEC filing, American Century Companies acquired an additional 303,059 shares of Granite Ridge Resources during the third quarter. This brings their total holdings to 2,661,098 shares, or roughly 2.03% of the company's outstanding stock. The shares were purchased at an average price of $5.41 per share, for a total investment of around $14.4 million.

  • American Century Companies increased its stake in Granite Ridge Resources during the third quarter of 2026.

The players

American Century Companies Inc.

An investment management firm that oversees over $200 billion in assets under management.

Granite Ridge Resources, Inc.

A Permian Basin-focused oil and gas exploration and production company.

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The takeaway

This transaction demonstrates the continued institutional investor interest in Granite Ridge Resources as the company looks to capitalize on opportunities in the Permian Basin. The increase in American Century's stake suggests they see long-term potential in the company's operations and growth prospects.