GF Fund Management CO. LTD. Invests $17.15 Million in Diamondback Energy, Inc. (NASDAQ:FANG)

GF Fund Management CO. LTD. purchased a new stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 104,693 shares of the oil and natural gas company's stock, valued at approximately $17,152,000.

Several other institutional investors have also made changes to their positions in FANG. QRG Capital Management Inc. lifted its holdings in Diamondback Energy by 38.4% in the 4th quarter. QRG Capital Management Inc. now owns 11,675 shares of the oil and natural gas company's stock worth $1,913,000 after purchasing an additional 3,238 shares during the last quarter. Swedbank AB lifted its holdings in shares of Diamondback Energy by 28.0% during the fourth 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 fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 43,148 shares of the oil and natural gas company's stock worth $7,069,000 after buying an additional 37,246 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in shares of Diamondback Energy by 38.2% during the fourth 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 last quarter. Finally, Candriam S.C.A. lifted its holdings in shares of Diamondback Energy by 27.4% during 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 institutional investors and hedge funds.

Insider Buying and Selling

In other news, President Hof Matthew Kaes Van't sold 10,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $142.69, for a total value of $1,426,900.00. Following the completion of the sale, the president now 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frank D. Tsuru bought 2,000 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $156.51 per share, with a total value of $313,020.00. Following the purchase, the director now 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. 0.70% of the stock is owned by company insiders.

Diamondback Energy Stock Performance

Shares of FANG traded up $1.63 on Tuesday, reaching $137.49. 1,787,061 shares of the company's stock traded hands, compared to its average volume of 2,151,879. 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 stock's 50 day simple moving average is $139.52 and its two-hundred day simple moving average is $156.07. Diamondback Energy, Inc. has a 52-week low of $114.00 and a 52-week high of $214.50. The stock has a market cap of $40.17 billion, a PE ratio of 7.87, a PEG ratio of 1.24 and a beta of 1.06.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.67 by $0.87. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.58 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The business's revenue for the quarter was up 81.8% on a year-over-year basis. During the same period last year, the business posted $4.50 earnings per share. On average, analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal 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 dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.91%. The ex-dividend date was Thursday, May 15th. Diamondback Energy's payout ratio is 24.46%.

Analyst Ratings Changes

Several research analysts recently commented on FANG shares. Wells Fargo & Company reduced their target price on Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Morgan Stanley decreased their price target on Diamondback Energy from $186.00 to $183.00 and set an "overweight" rating on the stock in a report on Friday. Raymond James restated a "strong-buy" rating on shares of Diamondback Energy in a report on Thursday, May 22nd. Citigroup upgraded Diamondback Energy from a "reduce" rating to a "buy" rating and lifted their price objective for the company from $157.00 to $180.00 in a report on Monday, April 7th. Finally, Williams Trading set a $190.00 target price on Diamondback Energy in a research report on Wednesday, March 5th. Two 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. Based on data from MarketBeat, Diamondback Energy has a consensus rating of "Buy" and an average price target of $193.09.

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.