Mufg Securities Americas Inc. Purchases Shares of 2,759 Diamondback Energy, Inc. (NASDAQ:FANG)

Mufg Securities Americas Inc. purchased a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,759 shares of the oil and natural gas company’s stock, valued at approximately $452,000.

Several other hedge funds have also made changes to their positions in the business. Wintrust Investments LLC acquired a new position in Diamondback Energy in the fourth quarter valued at $28,000. R Squared Ltd acquired a new position in shares of Diamondback Energy during the 4th quarter valued at about $29,000. UMB Bank n.a. increased its stake in shares of Diamondback Energy by 247.3% during the 4th quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock valued at $31,000 after acquiring an additional 136 shares during the last quarter. Key Financial Inc lifted its holdings in shares of Diamondback Energy by 940.0% during the 4th quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company’s stock worth $34,000 after acquiring an additional 188 shares during the period. Finally, Ancora Advisors LLC boosted its position in shares of Diamondback Energy by 182.9% in the fourth quarter. Ancora Advisors LLC now owns 232 shares of the oil and natural gas company’s stock worth $38,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Williams Trading set a $190.00 price target on shares of Diamondback Energy in a research report on Wednesday, March 5th. Wells Fargo & Company dropped their price objective on Diamondback Energy from $215.00 to $207.00 and set an “overweight” rating for the company in a report on Monday, April 21st. UBS Group reduced their target price on Diamondback Energy from $175.00 to $163.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada initiated coverage on Diamondback Energy in a research note on Friday, May 2nd. They set an “outperform” rating and a $180.00 price target for the company. Finally, Evercore ISI began coverage on Diamondback Energy in a report on Tuesday, May 6th. They issued an “outperform” rating and a $165.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Diamondback Energy has a consensus rating of “Buy” and a consensus target price of $194.09.

Diamondback Energy Stock Performance

NASDAQ:FANG opened at $141.95 on Friday. The firm has a 50-day moving average of $141.32 and a two-hundred day moving average of $158.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The stock has a market cap of $41.47 billion, a P/E ratio of 8.13, a PEG ratio of 1.24 and a beta of 1.06. Diamondback Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $214.50.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 EPS for the quarter, topping the consensus estimate of $3.67 by $0.87. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The company’s revenue was up 81.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.50 earnings per share. On average, research analysts expect that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Thursday, May 15th. Diamondback Energy’s dividend payout ratio (DPR) is currently 24.46%.

Insider Buying and Selling

In related news, Director Frank D. Tsuru acquired 2,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $156.51 per share, with a total value of $313,020.00. Following the acquisition, the director now directly owns 5,730 shares in the company, valued at approximately $896,802.30. The trade was a 53.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Hof Matthew Kaes Van’t sold 10,000 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $142.69, for a total transaction of $1,426,900.00. Following the completion of the sale, the president now directly owns 120,645 shares of the company’s stock, valued at $17,214,835.05. The trade was a 7.65% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Diamondback Energy Company Profile

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.