Siemens Fonds Invest GmbH Sells 10,791 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Siemens Fonds Invest GmbH lessened its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 86.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,638 shares of the oil and natural gas company's stock after selling 10,791 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Diamondback Energy were worth $261,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new stake in Diamondback Energy in the fourth quarter valued at approximately $161,000. PFG Investments LLC increased its position in Diamondback Energy by 60.0% in the 4th quarter. PFG Investments LLC now owns 2,025 shares of the oil and natural gas company's stock valued at $332,000 after buying an additional 759 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Diamondback Energy by 14.1% during the fourth quarter. Blue Trust Inc. now owns 3,501 shares of the oil and natural gas company's stock valued at $604,000 after buying an additional 433 shares during the last quarter. KBC Group NV grew its position in Diamondback Energy by 30.2% in the 4th quarter. KBC Group NV now owns 18,888 shares of the oil and natural gas company's stock worth $3,095,000 after purchasing an additional 4,376 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Diamondback Energy by 4.2% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 3,159 shares of the oil and natural gas company's stock worth $518,000 after buying an additional 128 shares during the last quarter. 90.01% of the stock is owned by institutional investors.

Insider Transactions at Diamondback Energy

In other news, President Hof Matthew Kaes Van't sold 10,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were 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 of the company's stock, valued at $17,214,835.05. The trade was a 7.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on FANG. KeyCorp cut their price target on shares of Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Williams Trading set a $190.00 target price on Diamondback Energy in a report on Wednesday, March 5th. Bank of America upped their price target on Diamondback Energy from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Royal Bank of Canada initiated coverage on Diamondback Energy in a report on Friday, May 2nd. They set an "outperform" rating and a $180.00 price target for the company. Finally, 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 report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Diamondback Energy currently has a consensus rating of "Buy" and a consensus target price of $193.09.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG traded down $2.82 during mid-day trading on Friday, reaching $134.99. The stock had a trading volume of 4,362,783 shares, compared to its average volume of 2,165,804. The business's 50 day moving average price is $137.66 and its 200 day moving average price is $155.21. Diamondback Energy, Inc. has a 1 year low of $114.00 and a 1 year high of $214.50. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. The company has a market cap of $39.44 billion, a P/E ratio of 7.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06.

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 for the quarter, beating the consensus estimate of $3.67 by $0.87. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.58 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. Diamondback Energy's revenue was up 81.8% compared to the same quarter last year. During the same period last year, the firm earned $4.50 earnings per share. Research analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Thursday, May 15th. Diamondback Energy's dividend payout ratio (DPR) is currently 24.46%.

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.