UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 794,608 shares of the oil and natural gas company's stock after buying an additional 84,754 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.27% of Diamondback Energy worth $130,181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FANG. Wintrust Investments LLC bought a new position in shares of Diamondback Energy during the fourth quarter valued at about $28,000. R Squared Ltd bought a new position in shares of Diamondback Energy during the 4th quarter worth approximately $29,000. UMB Bank n.a. grew its holdings in shares of Diamondback Energy by 247.3% in the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company's stock valued at $31,000 after acquiring an additional 136 shares in the last quarter. Key Financial Inc increased its position in shares of Diamondback Energy by 940.0% during the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company's stock valued at $34,000 after acquiring an additional 188 shares during the last quarter. Finally, Ancora Advisors LLC boosted its position in Diamondback Energy by 182.9% in the fourth quarter. Ancora Advisors LLC now owns 232 shares of the oil and natural gas company's stock worth $38,000 after purchasing an additional 150 shares during the last quarter. 90.01% of the stock is owned by institutional investors.

Diamondback Energy Price Performance

Shares of FANG stock traded down $1.21 during trading on Wednesday, hitting $136.28. The company had a trading volume of 1,902,021 shares, compared to its average volume of 2,150,886. Diamondback Energy, Inc. has a 52 week low of $114.00 and a 52 week high of $214.50. The stock has a market capitalization of $39.82 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth 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. The stock's 50-day moving average is $139.10 and its two-hundred day moving average is $155.94.

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 for the quarter, beating 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 firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $3.58 billion. During the same quarter last year, the company posted $4.50 EPS. The business's quarterly revenue was up 81.8% on a year-over-year basis. As a group, analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Thursday, May 15th. Diamondback Energy's payout ratio is currently 24.46%.

Insider Activity

In other Diamondback Energy news, Director Frank D. Tsuru bought 2,000 shares of Diamondback Energy stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $156.51 per share, with a total value of $313,020.00. Following the acquisition, the director now owns 5,730 shares in the company, valued at approximately $896,802.30. This trade represents a 53.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Hof Matthew Kaes Van't sold 10,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $142.69, for a total transaction of $1,426,900.00. Following the completion of the sale, the president now directly owns 120,645 shares of the company's stock, valued at $17,214,835.05. This represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

FANG has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Piper Sandler lowered their price objective on Diamondback Energy from $234.00 to $225.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Mizuho cut their target price on shares of Diamondback Energy from $186.00 to $179.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Bank of America boosted their price target on shares of Diamondback Energy from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Morgan Stanley dropped their price target on shares of Diamondback Energy from $186.00 to $183.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus 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.