Diamondback Energy (FANG) Stake Lowered by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Diamondback Energy (NASDAQ:FANG) by 4.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,231 shares of the oil and natural gas company’s stock after selling 2,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Diamondback Energy were worth $5,596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Castleark Management LLC lifted its holdings in shares of Diamondback Energy by 127.1% in the 4th quarter. Castleark Management LLC now owns 113,983 shares of the oil and natural gas company’s stock valued at $14,390,000 after buying an additional 63,801 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in Diamondback Energy by 25.7% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 15,287 shares of the oil and natural gas company’s stock worth $1,930,000 after purchasing an additional 3,126 shares during the last quarter. Gradient Investments LLC acquired a new position in Diamondback Energy during the fourth quarter worth $517,000. California Public Employees Retirement System raised its holdings in Diamondback Energy by 12.5% during the fourth quarter. California Public Employees Retirement System now owns 209,415 shares of the oil and natural gas company’s stock worth $26,439,000 after purchasing an additional 23,254 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Diamondback Energy by 33.7% during the fourth quarter. Sei Investments Co. now owns 157,323 shares of the oil and natural gas company’s stock worth $19,863,000 after purchasing an additional 39,657 shares during the last quarter.

Several equities analysts recently issued reports on FANG shares. Stifel Nicolaus set a $167.00 price objective on Diamondback Energy and gave the stock a “buy” rating in a report on Wednesday, March 28th. BidaskClub raised Diamondback Energy from a “hold” rating to a “buy” rating in a report on Friday, March 30th. ValuEngine raised Diamondback Energy from a “hold” rating to a “buy” rating in a report on Tuesday, May 1st. Zacks Investment Research cut Diamondback Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Finally, Stephens reaffirmed a “buy” rating and set a $159.00 price objective on shares of Diamondback Energy in a report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $142.04.

Diamondback Energy stock opened at $123.82 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 0.77 and a beta of 0.84. Diamondback Energy has a fifty-two week low of $82.77 and a fifty-two week high of $137.44.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, May 8th. The oil and natural gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.05. The company had revenue of $480.20 million during the quarter, compared to the consensus estimate of $445.78 million. Diamondback Energy had a return on equity of 10.65% and a net margin of 35.09%. Diamondback Energy’s revenue was up 104.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 earnings per share. research analysts anticipate that Diamondback Energy will post 6.76 EPS for the current year.

The firm also recently disclosed a special dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Monday, May 21st will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, May 18th.

In other news, insider Michael L. Hollis sold 3,000 shares of Diamondback Energy stock in a transaction on Monday, April 16th. The stock was sold at an average price of $118.80, for a total value of $356,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Teresa L. Dick sold 2,500 shares of Diamondback Energy stock in a transaction on Monday, March 5th. The shares were sold at an average price of $130.97, for a total value of $327,425.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,431 shares of company stock valued at $17,070,232. Company insiders own 0.41% of the company’s stock.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.

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

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