Universal Beteiligungs und Servicegesellschaft mbH Has $16.39 Million Stake in Diamondback Energy, Inc. $FANG

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 38.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,287 shares of the oil and natural gas company’s stock after acquiring an additional 32,838 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Diamondback Energy were worth $16,390,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FANG. Uhlmann Price Securities LLC increased its holdings in shares of Diamondback Energy by 1.3% during the second quarter. Uhlmann Price Securities LLC now owns 5,090 shares of the oil and natural gas company’s stock worth $699,000 after buying an additional 67 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its stake in shares of Diamondback Energy by 5.6% in the first quarter. Mesirow Financial Investment Management Inc. now owns 1,414 shares of the oil and natural gas company’s stock valued at $226,000 after buying an additional 75 shares during the period. FourThought Financial Partners LLC raised its holdings in Diamondback Energy by 2.9% in the 1st quarter. FourThought Financial Partners LLC now owns 2,779 shares of the oil and natural gas company’s stock valued at $444,000 after buying an additional 78 shares during the last quarter. Biondo Investment Advisors LLC raised its holdings in Diamondback Energy by 0.3% in the 1st quarter. Biondo Investment Advisors LLC now owns 28,858 shares of the oil and natural gas company’s stock valued at $4,614,000 after buying an additional 80 shares during the last quarter. Finally, STF Management LP boosted its position in Diamondback Energy by 1.9% during the 2nd quarter. STF Management LP now owns 4,490 shares of the oil and natural gas company’s stock worth $617,000 after buying an additional 84 shares during the period. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on FANG shares. William Blair started coverage on shares of Diamondback Energy in a research report on Monday, August 25th. They issued an “outperform” rating for the company. Mizuho decreased their price objective on Diamondback Energy from $183.00 to $176.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Raymond James Financial cut their target price on Diamondback Energy from $221.00 to $212.00 and set a “strong-buy” rating on the stock in a report on Wednesday, August 20th. UBS Group upped their price target on Diamondback Energy from $171.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Finally, Melius Research initiated coverage on Diamondback Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $213.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $188.82.

Diamondback Energy Stock Performance

Shares of FANG opened at $149.58 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $42.86 billion, a P/E ratio of 10.39 and a beta of 0.99. The firm’s fifty day simple moving average is $142.96 and its two-hundred day simple moving average is $142.33. Diamondback Energy, Inc. has a 12 month low of $114.00 and a 12 month high of $186.07.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.14. The firm had revenue of $3.92 billion during 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 business’s revenue was up 48.4% compared to the same quarter last year. During the same period last year, the business posted $3.19 EPS. As a group, analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, November 13th. Diamondback Energy’s payout ratio is presently 27.80%.

About Diamondback Energy

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.