Diamondback Energy, Inc. (NASDAQ:FANG) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its position in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 969,515 shares of the oil and natural gas company's stock after acquiring an additional 93,691 shares during the quarter. Ameriprise Financial Inc. owned about 0.33% of Diamondback Energy worth $158,862,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FANG. Lakewood Asset Management LLC lifted its holdings in Diamondback Energy by 0.5% in the fourth quarter. Lakewood Asset Management LLC now owns 11,340 shares of the oil and natural gas company's stock valued at $1,858,000 after acquiring an additional 60 shares during the last quarter. Magnolia Capital Advisors LLC grew its holdings in shares of Diamondback Energy by 2.0% in the fourth quarter. Magnolia Capital Advisors LLC now owns 3,247 shares of the oil and natural gas company's stock valued at $532,000 after purchasing an additional 64 shares in the last quarter. Barden Capital Management Inc. increased its stake in Diamondback Energy by 1.5% during the 4th quarter. Barden Capital Management Inc. now owns 4,380 shares of the oil and natural gas company's stock worth $718,000 after buying an additional 64 shares during the period. Greenleaf Trust lifted its holdings in Diamondback Energy by 1.0% during the 4th quarter. Greenleaf Trust now owns 6,892 shares of the oil and natural gas company's stock worth $1,129,000 after buying an additional 66 shares in the last quarter. Finally, Buckhead Capital Management LLC raised its stake in shares of Diamondback Energy by 0.3% in the fourth quarter. Buckhead Capital Management LLC now owns 19,830 shares of the oil and natural gas company's stock valued at $3,249,000 after acquiring an additional 67 shares in the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Diamondback Energy

In related news, Director Frank D. Tsuru purchased 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 completion of the acquisition, the director now owns 5,730 shares of the company's stock, valued at $896,802.30. The trade was a 53.62 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by corporate insiders.

Diamondback Energy Stock Up 1.3 %

NASDAQ:FANG traded up $1.71 during mid-day trading on Friday, hitting $137.89. 1,944,484 shares of the company's stock were exchanged, compared to its average volume of 2,125,010. Diamondback Energy, Inc. has a one year low of $114.00 and a one year high of $214.50. The business has a fifty day moving average price of $141.07 and a 200 day moving average price of $159.24. The company has a market cap of $40.29 billion, a PE ratio of 7.89, a P/E/G ratio of 1.24 and a beta of 1.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The oil and natural gas company reported $4.54 EPS for the quarter, beating the consensus estimate of $3.67 by $0.87. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the previous year, the business earned $4.50 earnings per share. The business's revenue was up 81.8% on a year-over-year basis. Equities analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current 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 given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $4.00 annualized dividend and a dividend yield of 2.90%. Diamondback Energy's dividend payout ratio (DPR) is 24.46%.

Wall Street Analyst Weigh In

A number of research firms recently commented on FANG. Raymond James dropped their target price on shares of Diamondback Energy from $245.00 to $214.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, March 12th. Royal Bank of Canada started coverage on shares of Diamondback Energy in a research note on Friday, May 2nd. They set an "outperform" rating and a $180.00 price target on the stock. Mizuho raised their price target on Diamondback Energy from $201.00 to $204.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their target price on Diamondback Energy from $167.00 to $161.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Piper Sandler reduced their price objective on shares of Diamondback Energy from $240.00 to $234.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Diamondback Energy currently has an average rating of "Buy" and an average target price of $195.57.

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.