Asset Management One Co. Ltd. Has $12.29 Million Stock Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Asset Management One Co. Ltd. raised its holdings in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 4.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,887 shares of the oil and natural gas company's stock after purchasing an additional 3,578 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Diamondback Energy were worth $12,293,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wintrust Investments LLC acquired a new stake in shares of Diamondback Energy in the 4th quarter valued at $28,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Diamondback Energy in the 4th quarter valued at $33,000. Grove Bank & Trust boosted its holdings in shares of Diamondback Energy by 65.0% in the 1st quarter. Grove Bank & Trust now owns 203 shares of the oil and natural gas company's stock valued at $32,000 after purchasing an additional 80 shares in the last quarter. Ancora Advisors LLC boosted its holdings in shares of Diamondback Energy by 182.9% in the 4th quarter. Ancora Advisors LLC now owns 232 shares of the oil and natural gas company's stock valued at $38,000 after purchasing an additional 150 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in shares of Diamondback Energy in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 90.01% of the company's stock.

Diamondback Energy Trading Down 0.8%

NASDAQ:FANG traded down $1.10 during trading hours on Friday, hitting $139.77. 2,781,282 shares of the company were exchanged, compared to its average volume of 2,265,561. The stock has a market capitalization of $40.84 billion, a price-to-earnings ratio of 8.55 and a beta of 1.06. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a one year low of $114.00 and a one year high of $214.50. The company has a fifty day simple moving average of $139.91 and a 200 day simple moving average of $150.94.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.87. Diamondback Energy had a return on equity of 11.22% and a net margin of 30.84%. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same period last year, the company earned $4.50 EPS. Diamondback Energy's revenue for the quarter was up 81.8% compared to the same quarter last year. Sell-side analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a dividend of $1.00 per share. The ex-dividend date was Thursday, May 15th. This represents a $4.00 dividend on an annualized basis and a yield of 2.86%. Diamondback Energy's payout ratio is currently 24.46%.

Insiders Place Their Bets

In other Diamondback Energy news, President Hof Matthew Kaes Van't sold 10,000 shares of the stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FANG shares. Royal Bank Of Canada started coverage on Diamondback Energy in a report on Friday, May 2nd. They issued an "outperform" rating and a $180.00 target price on the stock. Morgan Stanley reduced their target price on Diamondback Energy from $186.00 to $183.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Citigroup upgraded Diamondback Energy from a "reduce" rating to a "buy" rating and increased their price target for the company from $157.00 to $180.00 in a research note on Monday, April 7th. Bank of America increased their price target on Diamondback Energy from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Barclays dropped their price target on Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Diamondback Energy presently has a consensus rating of "Buy" and a consensus target price of $193.13.

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.