Allianz SE Has $40,000 Stock Holdings in Diamondback Energy, Inc. $FANG

Allianz SE trimmed its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 77.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 290 shares of the oil and natural gas company’s stock after selling 1,020 shares during the period. Allianz SE’s holdings in Diamondback Energy were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of FANG. Apollon Wealth Management LLC lifted its position in shares of Diamondback Energy by 36.4% in the first quarter. Apollon Wealth Management LLC now owns 4,556 shares of the oil and natural gas company’s stock worth $728,000 after purchasing an additional 1,217 shares in the last quarter. Dakota Wealth Management increased its stake in Diamondback Energy by 58.9% in the 1st quarter. Dakota Wealth Management now owns 2,720 shares of the oil and natural gas company’s stock valued at $435,000 after buying an additional 1,008 shares during the period. Graypoint LLC increased its stake in Diamondback Energy by 19.8% in the 1st quarter. Graypoint LLC now owns 2,353 shares of the oil and natural gas company’s stock valued at $376,000 after buying an additional 389 shares during the period. Kingsview Wealth Management LLC lifted its position in Diamondback Energy by 13.5% in the 1st quarter. Kingsview Wealth Management LLC now owns 56,766 shares of the oil and natural gas company’s stock worth $9,076,000 after buying an additional 6,764 shares in the last quarter. Finally, Auxano Advisors LLC boosted its stake in shares of Diamondback Energy by 41.6% during the 1st quarter. Auxano Advisors LLC now owns 3,846 shares of the oil and natural gas company’s stock valued at $615,000 after buying an additional 1,129 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.

Diamondback Energy Stock Performance

FANG opened at $149.20 on Friday. The company has a market cap of $42.75 billion, a PE ratio of 10.37 and a beta of 0.99. The stock has a 50-day moving average of $142.52 and a 200-day moving average of $142.05. Diamondback Energy, Inc. has a 52-week low of $114.00 and a 52-week high of $186.07. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 0.62.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.14. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same period last year, the business earned $3.19 EPS. The firm’s revenue was up 48.4% compared to the same quarter last year. As a group, equities research analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be given a $1.00 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.7%. Diamondback Energy’s dividend payout ratio (DPR) is currently 27.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Susquehanna dropped their price target on shares of Diamondback Energy to $188.00 and set a “positive” rating on the stock in a research note on Monday, October 20th. Wall Street Zen upgraded Diamondback Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley cut their price target on Diamondback Energy from $186.00 to $184.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. Barclays reduced their price target on Diamondback Energy from $185.00 to $178.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Finally, Roth Capital set a $162.00 price objective on Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Diamondback Energy has a consensus rating of “Buy” and a consensus target price of $188.55.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, 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.