National Pension Service Purchases 2,005 Shares of Diamondback Energy, Inc. $FANG

National Pension Service raised its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 0.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 338,131 shares of the oil and natural gas company’s stock after purchasing an additional 2,005 shares during the period. National Pension Service’s holdings in Diamondback Energy were worth $46,459,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Uhlmann Price Securities LLC boosted its stake in Diamondback Energy by 1.3% in the second quarter. Uhlmann Price Securities LLC now owns 5,090 shares of the oil and natural gas company’s stock worth $699,000 after buying an additional 67 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in shares of Diamondback Energy by 5.6% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 1,414 shares of the oil and natural gas company’s stock valued at $226,000 after purchasing an additional 75 shares during the last quarter. FourThought Financial Partners LLC raised its position in Diamondback Energy by 2.9% in the 1st quarter. FourThought Financial Partners LLC now owns 2,779 shares of the oil and natural gas company’s stock worth $444,000 after purchasing an additional 78 shares during the period. Biondo Investment Advisors LLC lifted its stake in Diamondback Energy by 0.3% in the first quarter. Biondo Investment Advisors LLC now owns 28,858 shares of the oil and natural gas company’s stock worth $4,614,000 after purchasing an additional 80 shares during the last quarter. Finally, STF Management LP grew its stake in shares of Diamondback Energy by 1.9% during the second quarter. STF Management LP now owns 4,490 shares of the oil and natural gas company’s stock valued at $617,000 after buying an additional 84 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FANG has been the subject of several analyst reports. KeyCorp dropped their target price on Diamondback Energy from $180.00 to $176.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. William Blair assumed coverage on shares of Diamondback Energy in a report on Monday, August 25th. They issued an “outperform” rating on the stock. Evercore ISI raised their price target on shares of Diamondback Energy from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Melius Research started coverage on shares of Diamondback Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $213.00 price objective on the stock. Finally, Morgan Stanley dropped their target price on shares of Diamondback Energy from $186.00 to $184.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $188.55.

Diamondback Energy Trading Down 1.2%

NASDAQ FANG opened at $144.38 on Friday. The firm has a market capitalization of $41.37 billion, a PE ratio of 10.03 and a beta of 0.99. The stock’s 50 day moving average is $142.31 and its 200 day moving average is $141.97. Diamondback Energy, Inc. has a twelve month low of $114.00 and a twelve 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 announced its quarterly earnings data 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 return on equity of 9.57% and a net margin of 27.32%.The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter last year, the firm posted $3.19 earnings per share. The company’s revenue for the quarter was up 48.4% on a year-over-year basis. Research analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, November 13th. Diamondback Energy’s dividend payout ratio is 27.80%.

Diamondback Energy 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.