3,933 Diamondback Energy, Inc. $FANG Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 15.1% in the 3rd quarter, Holdings Channel reports. The fund owned 29,987 shares of the oil and natural gas company’s stock after buying an additional 3,933 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Diamondback Energy were worth $5,512,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Transamerica Financial Advisors LLC boosted its stake in Diamondback Energy by 21.0% during the second quarter. Transamerica Financial Advisors LLC now owns 294 shares of the oil and natural gas company’s stock worth $52,000 after acquiring an additional 51 shares in the last quarter. Capital Advisors Inc. OK grew its holdings in Diamondback Energy by 2.9% in the second quarter. Capital Advisors Inc. OK now owns 1,929 shares of the oil and natural gas company’s stock worth $339,000 after purchasing an additional 54 shares during the period. Rehmann Capital Advisory Group grew its holdings in Diamondback Energy by 4.9% in the second quarter. Rehmann Capital Advisory Group now owns 1,251 shares of the oil and natural gas company’s stock worth $220,000 after purchasing an additional 59 shares during the period. Wedbush Securities Inc. grew its holdings in Diamondback Energy by 1.5% in the second quarter. Wedbush Securities Inc. now owns 4,979 shares of the oil and natural gas company’s stock worth $875,000 after purchasing an additional 72 shares during the period. Finally, Wealth Intelligence LLC increased its stake in shares of Diamondback Energy by 3.0% during the third quarter. Wealth Intelligence LLC now owns 2,444 shares of the oil and natural gas company’s stock valued at $449,000 after purchasing an additional 72 shares in the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FANG has been the subject of a number of analyst reports. Roth Capital raised their target price on shares of Diamondback Energy from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. UBS Group boosted their price target on Diamondback Energy from $243.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $240.00 price target on shares of Diamondback Energy in a research report on Wednesday, October 14th. Wall Street Zen upgraded Diamondback Energy from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. Finally, Stephens restated an “outperform” rating on shares of Diamondback Energy in a research note on Tuesday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $226.71.

Diamondback Energy Trading Down 0.7%

NASDAQ:FANG opened at $200.93 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. Diamondback Energy, Inc. has a 12 month low of $137.03 and a 12 month high of $216.90. The company has a market cap of $56.27 billion, a PE ratio of 39.17 and a beta of 0.55. The company has a 50 day simple moving average of $197.33 and a two-hundred day simple moving average of $194.36.

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

Diamondback Energy Announces Dividend

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

Insider Buying and Selling at Diamondback Energy

In related news, Director Travis Stice sold 75,000 shares of Diamondback Energy stock in a transaction on Friday, September 11th. The stock was 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 owned 49,727 shares of the company’s stock, valued at $10,159,723.37. The trade was a 60.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles Meloy sold 33,333 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $183.74, for a total value of $6,124,605.42. Following the sale, the director owned 759,864 shares of the company’s stock, valued at approximately $139,617,411.36. This trade represents a 4.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 141,666 shares of company stock valued at $28,061,456 in the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

Diamondback Energy Profile

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.