Diamondback Energy, Inc. (NASDAQ:FANG) Shares Bought by BNP Paribas Arbitrage SNC

BNP Paribas Arbitrage SNC raised its position in Diamondback Energy, Inc. (NASDAQ:FANG – Get Rating) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,142 shares of the oil and natural gas company’s stock after acquiring an additional 12,151 shares during the quarter. BNP Paribas Arbitrage SNC owned approximately 0.08% of Diamondback Energy worth $16,400,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Atlas Private Wealth Advisors grew its position in shares of Diamondback Energy by 6.2% during the second quarter. Atlas Private Wealth Advisors now owns 7,229 shares of the oil and natural gas company’s stock worth $876,000 after buying an additional 423 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Diamondback Energy by 2.3% in the third quarter. The Manufacturers Life Insurance Company now owns 170,474 shares of the oil and natural gas company’s stock valued at $20,535,000 after purchasing an additional 3,877 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Diamondback Energy by 1.4% in the third quarter. Daiwa Securities Group Inc. now owns 14,867 shares of the oil and natural gas company’s stock valued at $1,791,000 after purchasing an additional 201 shares in the last quarter. Symmetry Partners LLC boosted its holdings in Diamondback Energy by 13.1% in the third quarter. Symmetry Partners LLC now owns 9,456 shares of the oil and natural gas company’s stock valued at $1,139,000 after purchasing an additional 1,098 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its holdings in Diamondback Energy by 12.0% in the second quarter. First Republic Investment Management Inc. now owns 702,275 shares of the oil and natural gas company’s stock valued at $85,081,000 after purchasing an additional 75,060 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Diamondback Energy

In related news, VP Matt Zmigrosky sold 2,012 shares of the stock in a transaction on Wednesday, December 21st. The stock was 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Diamondback Energy Stock Up 0.8 %

Diamondback Energy stock opened at $132.64 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 0.81. The firm has a market capitalization of $24.35 billion, a price-to-earnings ratio of 5.39, a price-to-earnings-growth ratio of 0.28 and a beta of 2.03. Diamondback Energy, Inc. has a fifty-two week low of $103.71 and a fifty-two week high of $168.95. The stock’s fifty day moving average is $142.38 and its two-hundred day moving average is $141.65.

Diamondback Energy (NASDAQ:FANG – Get Rating) last posted its quarterly earnings data on Tuesday, February 21st. The oil and natural gas company reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $5.20 by $0.09. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. Diamondback Energy had a return on equity of 29.29% and a net margin of 45.48%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $3.63 earnings per share. Analysts predict that Diamondback Energy, Inc. will post 22.24 EPS for the current fiscal year.

Diamondback Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, March 3rd were paid a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 8.90%. The ex-dividend date was Thursday, March 2nd. Diamondback Energy’s payout ratio is currently 12.99%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FANG. Wells Fargo & Company lowered their price target on Diamondback Energy from $181.00 to $174.00 and set an “overweight” rating for the company in a report on Wednesday, March 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $182.00 price objective on shares of Diamondback Energy in a research note on Wednesday, March 8th. Citigroup upped their price target on Diamondback Energy from $155.00 to $170.00 in a research note on Tuesday, November 22nd. Piper Sandler cut their price target on Diamondback Energy from $214.00 to $207.00 and set an “overweight” rating for the company in a research note on Tuesday, March 7th. Finally, Raymond James upped their price target on Diamondback Energy from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.65.

Diamondback Energy Profile

(Get Rating)

Diamondback Energy, Inc is an independent oil and natural gas company, which engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil, and natural gas reserves. It operates through the Upstream and Midstream Services segments. The Upstream segment focuses on the Permian Basin operations in West Texas.