Diamondback Energy, Inc. (NASDAQ:FANG) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANGGet Rating) by 88.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 33,566 shares of the oil and natural gas company’s stock after acquiring an additional 15,792 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Diamondback Energy were worth $4,048,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FANG. Pacer Advisors Inc. raised its position in Diamondback Energy by 33,853.6% during the third quarter. Pacer Advisors Inc. now owns 787,383 shares of the oil and natural gas company’s stock worth $94,848,000 after acquiring an additional 785,064 shares during the period. FMR LLC grew its holdings in shares of Diamondback Energy by 9.8% during the second quarter. FMR LLC now owns 8,686,863 shares of the oil and natural gas company’s stock worth $1,052,413,000 after buying an additional 775,843 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Diamondback Energy during the first quarter worth $73,608,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Diamondback Energy by 29.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,272,920 shares of the oil and natural gas company’s stock worth $275,364,000 after buying an additional 512,463 shares in the last quarter. Finally, Merewether Investment Management LP purchased a new stake in shares of Diamondback Energy during the second quarter worth $55,257,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FANG has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of Diamondback Energy in a report on Wednesday, October 19th. They set a “hold” rating and a $159.00 target price for the company. Bank of America lowered shares of Diamondback Energy from a “neutral” rating to an “underperform” rating and set a $143.00 target price for the company. in a report on Monday, November 28th. They noted that the move was a valuation call. Piper Sandler upped their target price on shares of Diamondback Energy from $209.00 to $214.00 and gave the stock an “overweight” rating in a report on Thursday, November 17th. Mizuho reaffirmed a “buy” rating and set a $195.00 target price (down previously from $211.00) on shares of Diamondback Energy in a report on Tuesday, January 10th. Finally, Roth Capital upped their price objective on shares of Diamondback Energy from $150.00 to $182.00 in a report on Tuesday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $181.81.

Insider Transactions at Diamondback Energy

In other news, VP Matt Zmigrosky sold 2,012 shares of the stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $136.96, for a total transaction of $275,563.52. Following the sale, the vice president now owns 23,623 shares of the company’s stock, valued at $3,235,406.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Diamondback Energy Trading Up 0.8 %

Shares of FANG stock opened at $147.55 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.61 and a quick ratio of 0.58. The firm has a market cap of $25.97 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 0.28 and a beta of 2.00. The company has a 50-day moving average of $142.38 and a two-hundred day moving average of $136.51. Diamondback Energy, Inc. has a 1-year low of $103.71 and a 1-year high of $168.95.

Diamondback Energy (NASDAQ:FANGGet Rating) last announced its earnings results on Monday, November 7th. The oil and natural gas company reported $6.48 earnings per share for the quarter, missing the consensus estimate of $6.51 by ($0.03). The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Diamondback Energy had a return on equity of 28.49% and a net margin of 45.47%. On average, analysts predict that Diamondback Energy, Inc. will post 24.5 EPS for the current year.

Diamondback Energy Dividend Announcement

The firm also recently declared a None dividend, which was paid on Friday, November 25th. Stockholders of record on Thursday, November 17th were given a dividend of $2.26 per share. The ex-dividend date was Wednesday, November 16th. This represents a dividend yield of 4.7%. Diamondback Energy’s dividend payout ratio is presently 12.22%.

About Diamondback Energy

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Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.

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Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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