Czech National Bank Has $6.86 Million Stock Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Czech National Bank lifted its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 5.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,921 shares of the oil and natural gas company's stock after purchasing an additional 2,403 shares during the quarter. Czech National Bank's holdings in Diamondback Energy were worth $6,862,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in FANG. Rhumbline Advisers increased its stake in Diamondback Energy by 3.7% in the first quarter. Rhumbline Advisers now owns 353,765 shares of the oil and natural gas company's stock valued at $56,560,000 after purchasing an additional 12,534 shares during the last quarter. Bowman & Co S.C. grew its position in Diamondback Energy by 18.5% in the 1st quarter. Bowman & Co S.C. now owns 4,662 shares of the oil and natural gas company's stock valued at $745,000 after buying an additional 727 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Diamondback Energy by 19.8% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,602 shares of the oil and natural gas company's stock worth $416,000 after purchasing an additional 430 shares in the last quarter. Fulcrum Capital LLC lifted its holdings in Diamondback Energy by 6.5% in the first quarter. Fulcrum Capital LLC now owns 30,402 shares of the oil and natural gas company's stock valued at $4,861,000 after acquiring an additional 1,844 shares during the period. Finally, Somerset Trust Co grew its position in Diamondback Energy by 24.5% during the first quarter. Somerset Trust Co now owns 5,943 shares of the oil and natural gas company's stock worth $950,000 after buying an additional 1,171 shares during the period. Institutional investors and hedge funds own 90.01% of the company's stock.

Insider Buying and Selling

In other Diamondback Energy news, President Hof Matthew Kaes Van't sold 10,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $142.69, for a total value of $1,426,900.00. Following the completion of the transaction, the president now directly owns 120,645 shares of the company's stock, valued at approximately $17,214,835.05. The trade was a 7.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Evercore ISI started coverage on Diamondback Energy in a report on Tuesday, May 6th. They set an "outperform" rating and a $165.00 price objective for the company. Barclays reduced their target price on shares of Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their price objective on shares of Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. lowered their price target on Diamondback Energy from $167.00 to $161.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Finally, Truist Financial upped their price target on shares of Diamondback Energy from $238.00 to $242.00 and gave the stock a "buy" rating in a research 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's stock. According to MarketBeat.com, Diamondback Energy presently has an average rating of "Buy" and an average target price of $193.09.

Diamondback Energy Stock Down 1.4%

FANG traded down $1.90 during midday trading on Thursday, hitting $137.45. 2,058,765 shares of the company's stock traded hands, compared to its average volume of 2,167,957. The stock's fifty day simple moving average is $136.43 and its 200-day simple moving average is $154.37. Diamondback Energy, Inc. has a one year low of $114.00 and a one year high of $214.50. The company has a market cap of $40.16 billion, a PE ratio of 7.87, 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 (NASDAQ:FANG - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.67 by $0.87. The company had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $3.58 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The business's quarterly revenue was up 81.8% compared to the same quarter last year. During the same period in the prior year, the company earned $4.50 earnings per share. As a group, equities analysts anticipate that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Thursday, May 15th. Diamondback Energy's dividend payout ratio (DPR) is 24.46%.

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.