Diamondback Energy Inc (NASDAQ:FANG) Shares Purchased by Natixis Advisors L.P.
Natixis Advisors L.P. increased its stake in shares of Diamondback Energy Inc (NASDAQ:FANG) by 21.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 57,660 shares of the oil and natural gas company’s stock after purchasing an additional 10,371 shares during the period. Natixis Advisors L.P.’s holdings in Diamondback Energy were worth $6,283,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of FANG. Archford Capital Strategies LLC raised its position in Diamondback Energy by 1,100.0% in the second quarter. Archford Capital Strategies LLC now owns 240 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 220 shares during the period. Berman Capital Advisors LLC grew its stake in shares of Diamondback Energy by 180.8% in the first quarter. Berman Capital Advisors LLC now owns 292 shares of the oil and natural gas company’s stock valued at $29,000 after buying an additional 188 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Diamondback Energy in the second quarter valued at $32,000. Manchester Capital Management LLC purchased a new stake in shares of Diamondback Energy in the 1st quarter valued at $34,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in shares of Diamondback Energy in the 2nd quarter valued at $44,000. 99.30% of the stock is owned by hedge funds and other institutional investors.
In other Diamondback Energy news, CFO Hof Matthew Kaes Van’t sold 1,500 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $107.47, for a total value of $161,205.00. Following the transaction, the chief financial officer now directly owns 27,465 shares in the company, valued at $2,951,663.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Travis D. Stice purchased 4,186 shares of the company’s stock in a transaction on Friday, August 9th. The stock was bought at an average price of $95.55 per share, for a total transaction of $399,972.30. The disclosure for this purchase can be found here. Insiders sold 11,500 shares of company stock worth $1,199,165 in the last three months. 0.47% of the stock is currently owned by corporate insiders.
Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, August 6th. The oil and natural gas company reported $1.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.04). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. Diamondback Energy had a net margin of 26.92% and a return on equity of 6.50%. Diamondback Energy’s revenue for the quarter was up 93.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 earnings per share. As a group, equities research analysts predict that Diamondback Energy Inc will post 7.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 16th were issued a $0.188 dividend. This represents a $0.75 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, August 15th. Diamondback Energy’s dividend payout ratio (DPR) is presently 12.78%.
Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Diamondback Energy from $155.00 to $149.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 14th. BidaskClub raised Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Roth Capital cut their price target on shares of Diamondback Energy from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Royal Bank of Canada reissued a “buy” rating and set a $156.00 price target on shares of Diamondback Energy in a research report on Sunday, August 11th. Finally, Northland Securities reissued a “buy” rating and issued a $150.00 price objective on shares of Diamondback Energy in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. Diamondback Energy presently has an average rating of “Buy” and an average price target of $152.95.
Diamondback Energy Profile
Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily 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.
Further Reading: Understanding Stock Ratings
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