Diamondback Energy, Inc. $FANG Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 233.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,673 shares of the oil and natural gas company’s stock after buying an additional 8,877 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Diamondback Energy were worth $1,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Diamondback Energy by 106.3% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the oil and natural gas company’s stock worth $28,000 after acquiring an additional 102 shares during the last quarter. Creekmur Asset Management LLC acquired a new stake in Diamondback Energy in the 2nd quarter worth approximately $28,000. Salomon & Ludwin LLC acquired a new stake in Diamondback Energy in the 3rd quarter worth approximately $31,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Diamondback Energy during the 2nd quarter worth approximately $29,000. Finally, Estabrook Capital Management acquired a new position in Diamondback Energy during the 2nd quarter valued at approximately $41,000. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Diamondback Energy

In other news, Director Charles Alvin Meloy sold 377,911 shares of Diamondback Energy stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $138.61, for a total transaction of $52,382,243.71. Following the completion of the transaction, the director directly owned 1,044,864 shares of the company’s stock, valued at $144,828,599.04. The trade was a 26.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is currently owned by company insiders.

Diamondback Energy Stock Performance

NASDAQ FANG opened at $154.02 on Monday. The firm has a market capitalization of $44.11 billion, a P/E ratio of 10.70 and a beta of 0.59. The stock has a 50-day simple moving average of $150.90 and a two-hundred day simple moving average of $145.72. 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, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $177.69.

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

Diamondback Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.6%. Diamondback Energy’s dividend payout ratio (DPR) is presently 27.80%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FANG shares. Susquehanna lowered their price objective on shares of Diamondback Energy to $188.00 and set a “positive” rating for the company in a research note on Monday, October 20th. Jefferies Financial Group reaffirmed a “hold” rating and set a $173.00 price target on shares of Diamondback Energy in a research report on Monday, January 19th. Evercore ISI boosted their price target on Diamondback Energy from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Morgan Stanley reduced their price objective on Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Mizuho decreased their target price on Diamondback Energy from $195.00 to $194.00 and set an “outperform” rating for the company in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.67.

Diamondback Energy Company Profile

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.