Diamondback Energy, Inc. $FANG Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 5,358.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,428 shares of the oil and natural gas company’s stock after purchasing an additional 170,251 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Diamondback Energy were worth $31,878,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cedar Mountain Advisors LLC bought a new stake in Diamondback Energy during the first quarter valued at approximately $26,000. Meeder Asset Management Inc. purchased a new position in Diamondback Energy in the 2nd quarter worth approximately $28,000. Burkett Financial Services LLC purchased a new position in Diamondback Energy in the 3rd quarter worth approximately $32,000. Global Assets Advisory LLC bought a new position in shares of Diamondback Energy in the 1st quarter worth $40,000. Finally, J.Safra Asset Management Corp bought a new position in shares of Diamondback Energy in the 2nd quarter worth $41,000. 90.01% of the stock is owned by hedge funds and other institutional investors.

Diamondback Energy Trading Down 1.9%

Shares of FANG opened at $197.14 on Friday. The firm has a market cap of $55.20 billion, a price-to-earnings ratio of 38.43 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.47. Diamondback Energy, Inc. has a fifty-two week low of $137.03 and a fifty-two week high of $216.90. The firm has a 50 day moving average price of $197.29 and a 200-day moving average price of $194.38.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 EPS for the quarter, beating the consensus estimate of $6.08 by $0.40. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. The company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the firm earned $2.38 EPS. The firm’s quarterly revenue was up 51.2% compared to the same quarter last year. As a group, equities research analysts forecast that Diamondback Energy, Inc. will post 21.04 earnings per share for the current year.

Diamondback Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, August 13th. Diamondback Energy’s dividend payout ratio (DPR) is 85.77%.

Wall Street Analyst Weigh In

FANG has been the topic of several research reports. Morgan Stanley raised their price objective on shares of Diamondback Energy from $216.00 to $222.00 and gave the company an “equal weight” rating in a research report on Thursday, October 15th. Jefferies Financial Group reiterated a “hold” rating and issued a $215.00 target price (up from $205.00) on shares of Diamondback Energy in a research report on Sunday, October 11th. Wall Street Zen raised Diamondback Energy from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. JPMorgan Chase & Co. increased their target price on Diamondback Energy from $211.00 to $233.00 in a research note on Wednesday, August 5th. Finally, Roth Capital raised their price target on Diamondback Energy from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $226.71.

Insider Transactions at Diamondback Energy

In other news, Director Charles Meloy sold 33,333 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $183.74, for a total value of $6,124,605.42. Following the completion of the sale, the director owned 759,864 shares of the company’s stock, valued at approximately $139,617,411.36. The trade was a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Travis D. Stice sold 75,000 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $204.31, for a total value of $15,323,250.00. Following the completion of the sale, the director directly owned 49,727 shares of the company’s stock, valued at approximately $10,159,723.37. This trade represents a 60.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 141,666 shares of company stock worth $28,061,456 over the last ninety days. Insiders own 0.64% of the company’s stock.

About Diamondback Energy

Diamondback Energy, Inc is an independent oil and natural gas company engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. The company’s operations are concentrated in the Permian Basin of West Texas and southeastern New Mexico, particularly the Midland and Delaware Basins.

Diamondback produces crude oil, natural gas and natural gas liquids from horizontal wells and related infrastructure. Its activities include drilling and completing wells, operating gathering and processing assets, and managing midstream services that support production.