DekaBank Deutsche Girozentrale Has $3.12 Million Stock Position in Diamondback Energy Inc (NASDAQ:FANG)

DekaBank Deutsche Girozentrale reduced its stake in Diamondback Energy Inc (NASDAQ:FANG) by 22.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,343 shares of the oil and natural gas company’s stock after selling 7,292 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Diamondback Energy were worth $3,124,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ranger Investment Management L.P. purchased a new position in shares of Diamondback Energy during the 4th quarter worth about $25,000. Berman Capital Advisors LLC raised its holdings in shares of Diamondback Energy by 180.8% in the 1st quarter. Berman Capital Advisors LLC now owns 292 shares of the oil and natural gas company’s stock valued at $29,000 after purchasing an additional 188 shares in the last quarter. Manchester Capital Management LLC bought a new stake in shares of Diamondback Energy in the 1st quarter valued at about $34,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Diamondback Energy by 136.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 400 shares of the oil and natural gas company’s stock worth $37,000 after acquiring an additional 231 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in shares of Diamondback Energy by 114.4% during the 4th quarter. Rehmann Capital Advisory Group now owns 401 shares of the oil and natural gas company’s stock worth $37,000 after acquiring an additional 214 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

FANG has been the topic of several recent research reports. Williams Capital reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Diamondback Energy in a report on Wednesday, May 8th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $148.00 target price on shares of Diamondback Energy in a research report on Monday, March 11th. ValuEngine upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Morgan Stanley raised their price objective on shares of Diamondback Energy from $152.00 to $153.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Finally, Bank of America raised their price objective on shares of Diamondback Energy from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Three investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and three have given a strong buy rating to the company’s stock. Diamondback Energy currently has a consensus rating of “Buy” and a consensus price target of $159.04.

In other news, VP Russell Pantermuehl sold 5,000 shares of Diamondback Energy stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $107.28, for a total value of $536,400.00. Following the transaction, the vice president now directly owns 112,107 shares of the company’s stock, valued at approximately $12,026,838.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Hof Matthew Kaes Van’t sold 1,500 shares of Diamondback Energy stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $107.47, for a total transaction of $161,205.00. Following the completion of the transaction, the chief financial officer now directly owns 27,465 shares in the company, valued at $2,951,663.55. The disclosure for this sale can be found here. Insiders sold a total of 11,500 shares of company stock worth $1,258,505 over the last ninety days. Corporate insiders own 0.47% of the company’s stock.

Diamondback Energy stock traded up $1.48 during trading on Friday, reaching $108.97. The stock had a trading volume of 999,612 shares, compared to its average volume of 1,828,346. Diamondback Energy Inc has a 52-week low of $85.19 and a 52-week high of $140.78. The firm has a 50 day moving average of $104.07. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.59 and a current ratio of 0.62. The stock has a market capitalization of $17.94 billion, a PE ratio of 18.56, a PEG ratio of 0.65 and a beta of 0.83.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Tuesday, May 7th. The oil and natural gas company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.03. Diamondback Energy had a net margin of 27.05% and a return on equity of 6.81%. The company had revenue of $864.00 million for the quarter, compared to analysts’ expectations of $893.16 million. During the same quarter last year, the company earned $1.64 earnings per share. The firm’s revenue for the quarter was up 80.4% on a year-over-year basis. As a group, sell-side analysts expect that Diamondback Energy Inc will post 8.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 28th were issued a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.69%. This is a boost from Diamondback Energy’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, May 24th. Diamondback Energy’s payout ratio is presently 12.78%.

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.

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Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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