DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 1,912 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 68.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 900 shares of the oil and natural gas company's stock after selling 1,912 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Diamondback Energy were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wintrust Investments LLC bought a new stake in Diamondback Energy during the fourth quarter valued at $28,000. R Squared Ltd bought a new position in shares of Diamondback Energy in the 4th quarter worth about $29,000. UMB Bank n.a. lifted its stake in shares of Diamondback Energy by 247.3% in 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 purchasing an additional 136 shares during the period. Key Financial Inc boosted its position 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 valued at $34,000 after purchasing an additional 188 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in Diamondback Energy during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 90.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Piper Sandler dropped their price target on Diamondback Energy from $234.00 to $225.00 and set an "overweight" rating on the stock in a research note on Tuesday. Wells Fargo & Company lowered their price objective on shares of Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Morgan Stanley reissued an "overweight" rating on shares of Diamondback Energy in a research note on Tuesday, April 15th. Citigroup upgraded shares of Diamondback Energy from a "reduce" rating to a "buy" rating and raised their price target for the stock from $157.00 to $180.00 in a report on Monday, April 7th. Finally, UBS Group dropped their price objective on shares of Diamondback Energy from $175.00 to $163.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Diamondback Energy presently has a consensus rating of "Buy" and a consensus price target of $194.09.

Diamondback Energy Stock Down 0.6%

Shares of FANG stock traded down $0.82 during trading hours on Friday, reaching $141.13. The company had a trading volume of 2,291,301 shares, compared to its average volume of 2,133,220. The company has a market cap of $41.23 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth 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, Inc. has a 12 month low of $114.00 and a 12 month high of $214.50. The business has a fifty day simple moving average of $141.32 and a 200-day simple moving average of $158.36.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share for the quarter, beating 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 business's revenue was up 81.8% on a year-over-year basis. During the same period last year, the business earned $4.50 EPS. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, May 15th. Diamondback Energy's payout ratio is currently 24.46%.

Insider Buying and Selling

In related news, President Hof Matthew Kaes Van't sold 10,000 shares of Diamondback Energy stock in a transaction on 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 sale, the president now directly owns 120,645 shares in the company, valued at approximately $17,214,835.05. This trade represents a 7.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank D. Tsuru acquired 2,000 shares of the business's stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $156.51 per share, for a total transaction of $313,020.00. Following the transaction, the director now owns 5,730 shares of the company's stock, valued at approximately $896,802.30. The trade was a 53.62% increase in their position. The disclosure for this purchase can be found here. 0.70% of the stock is owned by corporate insiders.

About Diamondback Energy

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.