3,068 Shares in Diamondback Energy, Inc. (NASDAQ:FANG) Purchased by MQS Management LLC

MQS Management LLC acquired a new position in Diamondback Energy, Inc. (NASDAQ:FANG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,068 shares of the oil and natural gas company’s stock, valued at approximately $491,000.

Several other large investors have also modified their holdings of the business. Demars Financial Group LLC bought a new stake in shares of Diamondback Energy during the 4th quarter worth approximately $638,050,000. Alyeska Investment Group L.P. purchased a new stake in Diamondback Energy in the fourth quarter worth $185,193,000. Price T Rowe Associates Inc. MD lifted its position in shares of Diamondback Energy by 11.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,136,645 shares of the oil and natural gas company’s stock worth $1,496,859,000 after purchasing an additional 928,429 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Diamondback Energy by 16,197.8% during the first quarter. GAMMA Investing LLC now owns 605,625 shares of the oil and natural gas company’s stock valued at $96,827,000 after purchasing an additional 601,909 shares during the period. Finally, Boston Partners grew its holdings in shares of Diamondback Energy by 12.4% in the fourth quarter. Boston Partners now owns 5,169,742 shares of the oil and natural gas company’s stock worth $849,202,000 after purchasing an additional 571,820 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Insider Activity

In related news, President Hof Matthew Kaes Van’t sold 10,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $142.69, for a total value of $1,426,900.00. Following the transaction, the president directly owned 120,645 shares of the company’s stock, valued at $17,214,835.05. This represents a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Diamondback Energy from $167.00 to $161.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. Scotiabank lifted their price target on shares of Diamondback Energy from $175.00 to $180.00 and gave the company a “sector outperform” rating in a research note on Friday. Morgan Stanley lowered their price target on Diamondback Energy from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. UBS Group dropped their price objective on Diamondback Energy from $175.00 to $163.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Finally, KeyCorp lowered their target price on Diamondback Energy from $216.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $193.35.

Diamondback Energy Stock Performance

Shares of FANG opened at $144.33 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.31. The firm has a market cap of $42.17 billion, a PE ratio of 8.83 and a beta of 1.05. Diamondback Energy, Inc. has a 12 month low of $114.00 and a 12 month high of $214.50. The stock has a fifty day moving average price of $141.09 and a 200-day moving average price of $149.46.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.87. Diamondback Energy had a return on equity of 11.22% and a net margin of 30.84%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter last year, the company earned $4.50 earnings per share. The company’s quarterly revenue was up 81.8% on a year-over-year basis. Equities research analysts predict that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $4.00 dividend on an annualized basis and a yield of 2.77%. Diamondback Energy’s payout ratio is 24.46%.

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.