40,807 Shares in Diamondback Energy, Inc. $FANG Purchased by Nykredit A S

Nykredit A S acquired a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 40,807 shares of the oil and natural gas company’s stock, valued at approximately $7,173,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Cedar Mountain Advisors LLC purchased a new stake in shares of Diamondback Energy in the first quarter worth approximately $26,000. JPL Wealth Management LLC purchased a new position in Diamondback Energy during the third quarter valued at approximately $26,000. Wellington Shields & Co. LLC grew its position in Diamondback Energy by 264.7% during the fourth quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 135 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Diamondback Energy in the 2nd quarter valued at approximately $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Diamondback Energy in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Wall Street Analyst Weigh In

FANG has been the subject of a number of research reports. Mizuho lifted their target price on shares of Diamondback Energy from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Sanford C. Bernstein increased their price objective on Diamondback Energy from $237.00 to $241.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Wolfe Research reissued an “outperform” rating and set a $206.00 price objective on shares of Diamondback Energy in a research report on Tuesday, August 4th. Citigroup reduced their price objective on Diamondback Energy from $221.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded Diamondback Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Four analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $222.21.

Diamondback Energy Trading Down 1.8%

Shares of NASDAQ:FANG opened at $199.22 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $55.79 billion, a PE ratio of 38.83 and a beta of 0.43. Diamondback Energy, Inc. has a 1 year low of $134.30 and a 1 year high of $216.90. The firm has a fifty day moving average price of $195.00 and a 200 day moving average price of $191.70.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share for the quarter, beating the consensus estimate of $6.08 by $0.40. Diamondback Energy had a return on equity of 10.10% and a net margin of 8.58%.The company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period last year, the company earned $2.38 earnings per share. The business’s revenue was up 51.2% compared to the same quarter last year. Analysts expect that Diamondback Energy, Inc. will post 20.14 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 13th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.2%. The ex-dividend date was Thursday, August 13th. Diamondback Energy’s payout ratio is 85.77%.

Insider Buying and Selling

In other Diamondback Energy news, Director Mark Lawrence Plaumann sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $196.50, for a total transaction of $98,250.00. Following the completion of the sale, the director owned 13,437 shares of the company’s stock, valued at $2,640,370.50. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles Meloy sold 33,333 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $198.41, for a total value of $6,613,600.53. Following the transaction, the director owned 818,197 shares in the company, valued at approximately $162,338,466.77. This trade represents a 3.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 117,167 shares of company stock valued at $22,305,309 in the last ninety days. Company insiders own 0.64% of the company’s stock.

Diamondback Energy Profile

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.