Siemens Fonds Invest GmbH Has $261,000 Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Siemens Fonds Invest GmbH lessened its position in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 86.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,638 shares of the oil and natural gas company's stock after selling 10,791 shares during the period. Siemens Fonds Invest GmbH's holdings in Diamondback Energy were worth $261,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in Diamondback Energy by 11.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,136,645 shares of the oil and natural gas company's stock worth $1,496,859,000 after acquiring an additional 928,429 shares during the last quarter. Boston Partners increased its stake in shares of Diamondback Energy by 12.4% in the fourth quarter. Boston Partners now owns 5,169,742 shares of the oil and natural gas company's stock valued at $849,202,000 after buying an additional 571,820 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Diamondback Energy by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 4,710,165 shares of the oil and natural gas company's stock valued at $769,706,000 after buying an additional 91,605 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Diamondback Energy by 13.7% in the fourth quarter. Bank of New York Mellon Corp now owns 4,163,070 shares of the oil and natural gas company's stock valued at $682,036,000 after buying an additional 502,916 shares during the last quarter. Finally, Demars Financial Group LLC bought a new position in shares of Diamondback Energy in the fourth quarter valued at about $638,050,000. 90.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FANG. Barclays cut their price target on Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Citigroup raised Diamondback Energy from a "reduce" rating to a "buy" rating and lifted their price target for the company from $157.00 to $180.00 in a report on Monday, April 7th. Wells Fargo & Company cut their price target on Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Scotiabank cut their price target on Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. cut 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. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $193.09.

Diamondback Energy Stock Up 3.4%

Shares of FANG traded up $4.69 on Tuesday, hitting $142.28. The company's stock had a trading volume of 2,769,626 shares, compared to its average volume of 2,165,597. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. The firm's fifty day moving average price is $136.79 and its 200-day moving average price is $154.48. Diamondback Energy, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $214.50. The firm has a market capitalization of $41.57 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 1.24 and a beta of 1.06.

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 for the quarter, topping analysts' consensus estimates of $3.67 by $0.87. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the firm posted $4.50 EPS. The business's revenue was up 81.8% on a year-over-year basis. On average, equities research analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors 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 2.81%. The ex-dividend date was Thursday, May 15th. Diamondback Energy's dividend payout ratio (DPR) is currently 24.46%.

Insider Activity at Diamondback Energy

In related news, President Hof Matthew Kaes Van't sold 10,000 shares of the firm's stock in a transaction on 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 owns 120,645 shares of the company's stock, valued at approximately $17,214,835.05. This trade represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is owned by insiders.

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.