Diamondback Energy, Inc. $FANG Stake Boosted by Waterloo Capital L.P.

Waterloo Capital L.P. increased its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 25.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 13,970 shares of the oil and natural gas company’s stock after acquiring an additional 2,876 shares during the period. Waterloo Capital L.P.’s holdings in Diamondback Energy were worth $1,919,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Diamondback Energy in the 1st quarter worth about $230,039,000. Adage Capital Partners GP L.L.C. bought a new stake in Diamondback Energy during the 1st quarter valued at $77,622,000. Wellington Management Group LLP boosted its position in Diamondback Energy by 27.3% during the 1st quarter. Wellington Management Group LLP now owns 1,950,160 shares of the oil and natural gas company’s stock worth $311,792,000 after acquiring an additional 418,431 shares during the period. Vanguard Group Inc. grew its stake in shares of Diamondback Energy by 1.7% in the second quarter. Vanguard Group Inc. now owns 23,325,287 shares of the oil and natural gas company’s stock worth $3,204,894,000 after purchasing an additional 388,512 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Diamondback Energy by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 4,642,218 shares of the oil and natural gas company’s stock worth $637,841,000 after purchasing an additional 384,971 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Stock Up 0.1%

FANG stock opened at $146.44 on Monday. The company has a 50 day moving average of $143.49 and a two-hundred day moving average of $142.65. The company has a market cap of $41.96 billion, a price-to-earnings ratio of 10.18 and a beta of 0.99. Diamondback Energy, Inc. has a 12-month low of $114.00 and a 12-month high of $186.07. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 0.35.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, November 3rd. The oil and natural gas company reported $3.08 EPS for the quarter, beating the consensus estimate of $2.94 by $0.14. Diamondback Energy had a net margin of 27.32% and a return on equity of 9.57%. The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the previous year, the company posted $3.19 EPS. Diamondback Energy’s revenue was up 48.4% on a year-over-year basis. On average, equities analysts anticipate that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, November 13th. Diamondback Energy’s dividend payout ratio (DPR) is presently 27.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FANG shares. William Blair started coverage on shares of Diamondback Energy in a research note on Monday, August 25th. They set an “outperform” rating on the stock. Roth Capital set a $162.00 price target on shares of Diamondback Energy and gave the company a “buy” rating in a report on Tuesday, November 4th. Evercore ISI lifted their price objective on shares of Diamondback Energy from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Wells Fargo & Company increased their price objective on Diamondback Energy from $160.00 to $169.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Finally, UBS Group raised their price objective on Diamondback Energy from $171.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $188.77.

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.