Nomura Holdings Inc. Has $1.04 Million Stock Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Nomura Holdings Inc. cut its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 71.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,349 shares of the oil and natural gas company's stock after selling 15,674 shares during the period. Nomura Holdings Inc.'s holdings in Diamondback Energy were worth $1,040,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FANG. QRG Capital Management Inc. grew its position in shares of Diamondback Energy by 38.4% during the fourth quarter. QRG Capital Management Inc. now owns 11,675 shares of the oil and natural gas company's stock worth $1,913,000 after buying an additional 3,238 shares in the last quarter. Swedbank AB increased its holdings in shares of Diamondback Energy by 28.0% during the 4th quarter. Swedbank AB now owns 198,283 shares of the oil and natural gas company's stock worth $32,485,000 after buying an additional 43,361 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Diamondback Energy by 631.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 43,148 shares of the oil and natural gas company's stock valued at $7,069,000 after acquiring an additional 37,246 shares in the last quarter. Tectonic Advisors LLC increased its stake in Diamondback Energy by 38.2% during the 4th quarter. Tectonic Advisors LLC now owns 31,467 shares of the oil and natural gas company's stock worth $5,155,000 after buying an additional 8,704 shares during the period. Finally, Candriam S.C.A. increased its stake in shares of Diamondback Energy by 27.4% in the fourth quarter. Candriam S.C.A. now owns 21,040 shares of the oil and natural gas company's stock worth $3,447,000 after buying an additional 4,529 shares during the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Diamondback Energy

In other news, President Hof Matthew Kaes Van't sold 10,000 shares of the 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 transaction, the president now owns 120,645 shares in the company, valued at $17,214,835.05. This represents a 7.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank D. Tsuru bought 2,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $156.51 per share, for a total transaction of $313,020.00. Following the completion of the purchase, the director now directly owns 5,730 shares in the company, valued at $896,802.30. The trade was a 53.62% increase in their position. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays dropped their price target on shares of Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Truist Financial lifted their price objective on Diamondback Energy from $238.00 to $242.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Wells Fargo & Company lowered their target price 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. Raymond James cut their price target on shares of Diamondback Energy from $245.00 to $214.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, March 12th. Finally, Citigroup raised Diamondback Energy from a "reduce" rating to a "buy" rating and raised their price target for the company from $157.00 to $180.00 in a report on Monday, April 7th. Two research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $194.09.

Diamondback Energy Trading Down 0.0%

Diamondback Energy stock traded down $0.02 during trading on Thursday, hitting $136.29. The company's stock had a trading volume of 1,928,929 shares, compared to its average volume of 2,142,146. The stock's fifty day moving average is $140.68 and its 200 day moving average is $157.33. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. Diamondback Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $214.50. The stock has a market capitalization of $39.82 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 1.24 and a beta of 1.06.

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 (EPS) 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 for the quarter was up 81.8% on a year-over-year basis. During the same quarter last year, the company earned $4.50 earnings per share. As a group, equities research analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be paid a $1.00 dividend. The ex-dividend date is Thursday, May 15th. This represents a $4.00 annualized dividend and a dividend yield of 2.93%. Diamondback Energy's payout ratio is currently 24.46%.

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.