UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $130.18 Million Stake in Diamondback Energy, Inc. (NASDAQ:FANG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 794,608 shares of the oil and natural gas company's stock after acquiring an additional 84,754 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.27% of Diamondback Energy worth $130,181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Merit Financial Group LLC lifted its holdings in shares of Diamondback Energy by 18.0% in the 4th quarter. Merit Financial Group LLC now owns 2,315 shares of the oil and natural gas company's stock valued at $379,000 after buying an additional 353 shares during the period. UMB Bank n.a. lifted its holdings in shares of Diamondback Energy by 247.3% in the 4th quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company's stock valued at $31,000 after buying an additional 136 shares during the period. Simon Quick Advisors LLC acquired a new position in shares of Diamondback Energy in the 4th quarter valued at about $202,000. SG Americas Securities LLC lifted its holdings in shares of Diamondback Energy by 155.6% in the 4th quarter. SG Americas Securities LLC now owns 43,043 shares of the oil and natural gas company's stock valued at $7,052,000 after buying an additional 26,204 shares during the period. Finally, Secure Asset Management LLC lifted its holdings in shares of Diamondback Energy by 16.9% in the 4th quarter. Secure Asset Management LLC now owns 11,185 shares of the oil and natural gas company's stock valued at $1,832,000 after buying an additional 1,613 shares during the period. Institutional investors and hedge funds own 90.01% of the company's stock.

Diamondback Energy Stock Up 1.2%

Shares of FANG traded up $1.63 during mid-day trading on Tuesday, hitting $137.49. 1,787,061 shares of the company's stock were exchanged, compared to its average volume of 2,151,879. The firm has a fifty day moving average of $139.52 and a two-hundred day moving average of $156.07. Diamondback Energy, Inc. has a twelve month low of $114.00 and a twelve month high of $214.50. The stock has a market cap of $40.17 billion, a price-to-earnings ratio of 7.87, a P/E/G ratio of 1.24 and a beta of 1.06. The company has a quick ratio of 0.42, a current ratio of 0.45 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 EPS for the quarter, topping the consensus estimate of $3.67 by $0.87. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the prior year, the business posted $4.50 EPS. Diamondback Energy's quarterly revenue was up 81.8% on a year-over-year basis. On average, sell-side analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, May 15th. Diamondback Energy's payout ratio is 24.46%.

Insider Transactions at Diamondback Energy

In other Diamondback Energy news, President Hof Matthew Kaes Van't sold 10,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were 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 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 can be accessed through this hyperlink. Also, Director Frank D. Tsuru acquired 2,000 shares of the stock in a transaction on Friday, February 28th. The stock was bought at an average price of $156.51 per share, with a total value of $313,020.00. Following the transaction, the director now directly owns 5,730 shares in the company, valued at approximately $896,802.30. This represents a 53.62% increase in their position. The disclosure for this purchase can be found here. 0.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FANG has been the subject of a number of analyst reports. Barclays reduced their price target on Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Mizuho reduced their price target on Diamondback Energy from $186.00 to $179.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Truist Financial upped their price target on Diamondback Energy from $238.00 to $242.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Morgan Stanley reduced their price target on Diamondback Energy from $186.00 to $183.00 and set an "overweight" rating for the company in a report on Friday. Finally, Wells Fargo & Company reduced their price target on Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $193.09.

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.