Leeward Investments LLC MA Purchases 2,333 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Leeward Investments LLC MA increased its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 4.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,796 shares of the oil and natural gas company's stock after purchasing an additional 2,333 shares during the period. Leeward Investments LLC MA's holdings in Diamondback Energy were worth $8,761,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. D.A. Davidson & CO. grew its stake in Diamondback Energy by 15.3% in the first 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 acquiring an additional 3,005 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Diamondback Energy by 1.9% in the first 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 acquiring an additional 310 shares during the period. Teacher Retirement System of Texas grew its stake in Diamondback Energy by 225.6% in the first quarter. Teacher Retirement System of Texas now owns 36,548 shares of the oil and natural gas company's stock valued at $5,843,000 after acquiring an additional 25,324 shares during the period. Rossby Financial LCC lifted its holdings in shares of Diamondback Energy by 21.3% in the first quarter. Rossby Financial LCC now owns 2,193 shares of the oil and natural gas company's stock valued at $351,000 after purchasing an additional 385 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Diamondback Energy by 39.9% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,601 shares of the oil and natural gas company's stock valued at $4,892,000 after purchasing an additional 8,721 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company's stock.

Diamondback Energy Trading Down 0.9%

Shares of Diamondback Energy stock traded down $1.22 during mid-day trading on Friday, hitting $140.75. 1,199,623 shares of the stock were exchanged, compared to its average volume of 2,276,925. The company has a 50-day simple moving average of $140.42 and a 200 day simple moving average of $150.04. 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, Inc. has a twelve month low of $114.00 and a twelve month high of $214.50. The stock has a market capitalization of $41.12 billion, a price-to-earnings ratio of 8.61 and a beta of 1.05.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last posted 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 analysts' consensus estimates of $3.67 by $0.87. The company 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 business's quarterly revenue was up 81.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.50 earnings per share. Research analysts forecast 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 was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Thursday, May 15th. Diamondback Energy's dividend payout ratio (DPR) is 24.46%.

Insider Activity

In related news, President Hof Matthew Kaes Van't sold 10,000 shares of Diamondback Energy stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FANG. UBS Group dropped their price target on Diamondback Energy from $175.00 to $163.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. KeyCorp lowered their target price on Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Barclays reduced their price target on Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Scotiabank reduced their price target on Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their price target on Diamondback Energy from $167.00 to $161.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $193.13.

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.