MUFG Securities EMEA plc raised its holdings in Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) by 514.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,135 shares of the oil and natural gas company’s stock after purchasing an additional 18,533 shares during the quarter. MUFG Securities EMEA plc’s holdings in Diamondback Energy were worth $3,328,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of FANG. Cresset Asset Management LLC increased its stake in Diamondback Energy by 37.5% in the second quarter. Cresset Asset Management LLC now owns 4,726 shares of the oil and natural gas company’s stock valued at $649,000 after purchasing an additional 1,288 shares during the period. Jump Financial LLC acquired a new position in Diamondback Energy in the second quarter valued at $2,301,000. Cerity Partners LLC increased its stake in Diamondback Energy by 13.5% in the second quarter. Cerity Partners LLC now owns 51,104 shares of the oil and natural gas company’s stock valued at $7,022,000 after purchasing an additional 6,069 shares during the period. AXA S.A. increased its stake in Diamondback Energy by 8.5% in the second quarter. AXA S.A. now owns 52,355 shares of the oil and natural gas company’s stock valued at $7,194,000 after purchasing an additional 4,103 shares during the period. Finally, Sei Investments Co. increased its stake in Diamondback Energy by 37.1% in the second quarter. Sei Investments Co. now owns 154,582 shares of the oil and natural gas company’s stock valued at $21,239,000 after purchasing an additional 41,866 shares during the period. 90.01% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Diamondback Energy news, CAO Teresa L. Dick sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $207.00, for a total value of $1,035,000.00. Following the sale, the chief accounting officer owned 92,755 shares of the company’s stock, valued at $19,200,285. This represents a 5.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jere W. Thompson III sold 750 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $182.47, for a total transaction of $136,852.50. Following the completion of the sale, the chief financial officer directly owned 19,975 shares in the company, valued at $3,644,838.25. This trade represents a 3.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 174,321 shares of company stock valued at $32,090,475. 0.64% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Report on Diamondback Energy
Diamondback Energy Trading Up 3.9%
Shares of FANG opened at $199.03 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average is $195.45 and its two-hundred day moving average is $172.34. Diamondback Energy, Inc. has a twelve month low of $134.30 and a twelve month high of $214.51. The firm has a market capitalization of $55.99 billion, a P/E ratio of 231.43 and a beta of 0.42.
Diamondback Energy (NASDAQ:FANG – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.49. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the prior year, the firm earned $4.54 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts predict that Diamondback Energy, Inc. will post 19.54 earnings per share for the current fiscal year.
Diamondback Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.2%. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, May 14th. Diamondback Energy’s payout ratio is currently 511.63%.
Diamondback Energy Company Profile
Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.
Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.
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