IFM Investors Pty Ltd Has $7.86 Million Stock Position in Diamondback Energy, Inc. (NASDAQ:FANG)

IFM Investors Pty Ltd grew its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 7.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,603 shares of the oil and natural gas company's stock after buying an additional 3,357 shares during the quarter. IFM Investors Pty Ltd's holdings in Diamondback Energy were worth $7,862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. OneDigital Investment Advisors LLC raised its holdings in shares of Diamondback Energy by 2.8% in the 1st quarter. OneDigital Investment Advisors LLC now owns 8,786 shares of the oil and natural gas company's stock valued at $1,405,000 after purchasing an additional 238 shares during the period. Goehring & Rozencwajg Associates LLC raised its holdings in shares of Diamondback Energy by 2.1% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 69,684 shares of the oil and natural gas company's stock valued at $11,044,000 after purchasing an additional 1,441 shares during the period. Leeward Investments LLC MA raised its holdings in shares of Diamondback Energy by 4.4% in the 1st quarter. Leeward Investments LLC MA now owns 54,796 shares of the oil and natural gas company's stock valued at $8,761,000 after purchasing an additional 2,333 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Diamondback Energy by 15.3% in the 1st quarter. D.A. Davidson & CO. now owns 22,617 shares of the oil and natural gas company's stock valued at $3,616,000 after purchasing an additional 3,005 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Diamondback Energy by 1.9% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,331 shares of the oil and natural gas company's stock valued at $2,611,000 after purchasing an additional 310 shares during the period. 90.01% of the stock is owned by institutional investors.

Insider Activity

In related news, President Hof Matthew Kaes Van't sold 10,000 shares of the stock in a transaction that occurred 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 sale, the president owned 120,645 shares in the company, valued at approximately $17,214,835.05. This trade represents a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company's stock.

Diamondback Energy Stock Performance

Shares of FANG traded down $1.22 during mid-day trading on Friday, hitting $140.75. 1,199,623 shares of the company's stock were exchanged, compared to its average volume of 2,283,012. Diamondback Energy, Inc. has a 52 week low of $114.00 and a 52 week high of $214.50. The stock's 50-day simple moving average is $140.42 and its 200-day simple moving average is $150.00. The firm has a market cap of $41.12 billion, a price-to-earnings ratio of 8.61 and a beta of 1.05. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of 0.31.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last posted its quarterly 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. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.58 billion. Diamondback Energy had a net margin of 30.84% and a return on equity of 11.22%. The firm's revenue for the quarter was up 81.8% on a year-over-year basis. During the same quarter last year, the business posted $4.50 EPS. On average, equities research analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Dividend Announcement

The company also recently declared 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. The ex-dividend date was Thursday, May 15th. This represents a $4.00 annualized dividend and a dividend yield of 2.84%. Diamondback Energy's dividend payout ratio is 24.46%.

Wall Street Analyst Weigh In

FANG has been the topic of a number of research analyst reports. Scotiabank dropped their target price on shares of Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Citigroup raised shares of Diamondback Energy from a "reduce" rating to a "buy" rating and upped their target price for the company from $157.00 to $180.00 in a report on Monday, April 7th. Susquehanna dropped their target price on shares of Diamondback Energy from $219.00 to $194.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. KeyCorp lowered their price target on shares of Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Finally, Morgan Stanley lowered their price target on shares of Diamondback Energy from $186.00 to $183.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Two equities 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 MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $193.13.

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.