Diamondback Energy, Inc. (NASDAQ:FANG) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FANG. Grove Bank & Trust grew its holdings in Diamondback Energy by 65.0% in the first quarter. Grove Bank & Trust now owns 203 shares of the oil and natural gas company's stock worth $32,000 after purchasing an additional 80 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Diamondback Energy by 6.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,439 shares of the oil and natural gas company's stock worth $236,000 after purchasing an additional 82 shares in the last quarter. Center for Financial Planning Inc. grew its stake in Diamondback Energy by 6.4% during the 1st quarter. Center for Financial Planning Inc. now owns 1,449 shares of the oil and natural gas company's stock worth $232,000 after buying an additional 87 shares during the last quarter. Pinnacle Bancorp Inc. raised its stake in Diamondback Energy by 95.7% in the first quarter. Pinnacle Bancorp Inc. now owns 180 shares of the oil and natural gas company's stock valued at $29,000 after buying an additional 88 shares during the last quarter. Finally, Shelton Wealth Management LLC boosted its holdings in Diamondback Energy by 1.1% in the first quarter. Shelton Wealth Management LLC now owns 9,124 shares of the oil and natural gas company's stock worth $1,459,000 after acquiring an additional 97 shares in the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.

Diamondback Energy Trading Down 2.1%

NASDAQ:FANG traded down $2.98 during trading hours on Monday, hitting $137.92. The company had a trading volume of 1,717,277 shares, compared to its average volume of 2,280,749. Diamondback Energy, Inc. has a 1 year low of $114.00 and a 1 year high of $214.50. The company has a market cap of $40.30 billion, a P/E ratio of 8.44 and a beta of 1.05. The company has a 50-day moving average of $140.42 and a 200 day moving average of $149.97. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.31.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly 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. Diamondback Energy had a net margin of 30.84% and a return on equity of 11.22%. The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $3.58 billion. During the same quarter in the previous year, the company posted $4.50 EPS. The company's revenue was up 81.8% compared to the same quarter last year. Sell-side analysts expect that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Dividend Announcement

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 yield of 2.90%. The ex-dividend date of this dividend was Thursday, May 15th. Diamondback Energy's dividend payout ratio is presently 24.46%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FANG shares. UBS Group cut their price target on shares of Diamondback Energy from $175.00 to $163.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Bank of America upped their target price on Diamondback Energy from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Mizuho reduced their target price on Diamondback Energy from $186.00 to $179.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Wells Fargo & Company boosted their price target on Diamondback Energy from $207.00 to $208.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Finally, Barclays cut their price target on Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $193.13.

Insiders Place Their Bets

In other Diamondback Energy news, President Hof Matthew Kaes Van't sold 10,000 shares of Diamondback Energy stock in a transaction on 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 sale, the president owned 120,645 shares in the company, valued at $17,214,835.05. The trade was 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 available through the SEC website. Insiders own 0.48% of the company's stock.

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.