Diamondback Energy, Inc. $FANG Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,783 shares of the oil and natural gas company’s stock after purchasing an additional 2,627 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Diamondback Energy were worth $10,275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Woodmont Investment Counsel LLC lifted its holdings in Diamondback Energy by 1,123.0% in the second quarter. Woodmont Investment Counsel LLC now owns 43,515 shares of the oil and natural gas company’s stock valued at $5,979,000 after acquiring an additional 39,957 shares during the period. True North Advisors LLC purchased a new position in shares of Diamondback Energy in the 1st quarter valued at about $327,000. Nuveen LLC purchased a new position in shares of Diamondback Energy in the 1st quarter valued at about $230,039,000. Vantage Investment Partners LLC lifted its stake in shares of Diamondback Energy by 4.4% in the second quarter. Vantage Investment Partners LLC now owns 83,184 shares of the oil and natural gas company’s stock valued at $11,429,000 after purchasing an additional 3,476 shares during the period. Finally, Swedbank AB boosted its holdings in Diamondback Energy by 3.9% during the second quarter. Swedbank AB now owns 207,823 shares of the oil and natural gas company’s stock worth $28,555,000 after buying an additional 7,732 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Stock Down 0.6%

Shares of NASDAQ:FANG opened at $148.69 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $42.60 billion, a P/E ratio of 10.33 and a beta of 0.99. The stock’s fifty day simple moving average is $143.15 and its 200-day simple moving average is $142.37. Diamondback Energy, Inc. has a 52-week low of $114.00 and a 52-week high of $186.07.

Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.14. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.48 billion. Diamondback Energy had a net margin of 27.32% and a return on equity of 9.57%. Diamondback Energy’s revenue was up 48.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.19 earnings per share. As a group, equities research analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors 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 2.7%. The ex-dividend date is Thursday, November 13th. Diamondback Energy’s payout ratio is presently 27.80%.

Analyst Ratings Changes

A number of research analysts have issued reports on FANG shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $173.00 target price on shares of Diamondback Energy in a report on Friday, October 10th. Mizuho lowered their price target on Diamondback Energy from $183.00 to $176.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. UBS Group lifted their price objective on Diamondback Energy from $171.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Susquehanna decreased their target price on Diamondback Energy to $188.00 and set a “positive” rating on the stock in a research report on Monday, October 20th. Finally, Barclays dropped their price target on Diamondback Energy from $185.00 to $178.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Two investment 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 stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $188.82.

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.