Diamondback Energy, Inc. (NASDAQ:FANG) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 Securities & Exchange Commission. The fund owned 794,608 shares of the oil and natural gas company's stock after acquiring an additional 84,754 shares during the period. 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 hedge funds also recently added to or reduced their stakes in the company. USS Investment Management Ltd purchased a new stake in Diamondback Energy during the 4th quarter valued at $2,352,000. Voloridge Investment Management LLC raised its stake in Diamondback Energy by 131.7% during the 4th quarter. Voloridge Investment Management LLC now owns 195,550 shares of the oil and natural gas company's stock valued at $32,037,000 after buying an additional 111,140 shares during the last quarter. Waverly Advisors LLC raised its stake in Diamondback Energy by 150.7% during the 4th quarter. Waverly Advisors LLC now owns 3,610 shares of the oil and natural gas company's stock valued at $591,000 after buying an additional 2,170 shares during the last quarter. Williams Jones Wealth Management LLC. raised its stake in Diamondback Energy by 45.0% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 10,789 shares of the oil and natural gas company's stock valued at $1,768,000 after buying an additional 3,350 shares during the last quarter. Finally, Woodline Partners LP grew its position in shares of Diamondback Energy by 722.7% during the 4th quarter. Woodline Partners LP now owns 344,783 shares of the oil and natural gas company's stock valued at $56,486,000 after acquiring an additional 302,874 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FANG. Barclays cut their price objective on shares of Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company cut their price objective on shares of Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Williams Trading set a $190.00 price objective on shares of Diamondback Energy in a research report on Wednesday, March 5th. Morgan Stanley dropped their target price on shares of Diamondback Energy from $186.00 to $183.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Finally, Piper Sandler cut their price objective on Diamondback Energy from $234.00 to $225.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $193.09.

Diamondback Energy Stock Up 0.4%

NASDAQ FANG traded up $0.51 during midday trading on Thursday, hitting $136.79. 929,663 shares of the company traded hands, compared to its average volume of 2,149,588. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The company has a market cap of $39.97 billion, a PE ratio of 7.84, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. The company's 50-day simple moving average is $138.66 and its 200-day simple moving average is $155.81. Diamondback Energy, Inc. has a 52 week low of $114.00 and a 52 week high of $214.50.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.87. The business had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $3.58 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The business's revenue for the quarter was up 81.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.50 EPS. As a group, equities research analysts forecast 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. Stockholders of record on Thursday, May 15th were issued 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 2.92%. Diamondback Energy's dividend payout ratio is presently 24.46%.

Insider Activity

In other Diamondback Energy news, Director Frank D. Tsuru acquired 2,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $156.51 per share, for a total transaction 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Hof Matthew Kaes Van't sold 10,000 shares of the stock in a transaction on 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 sale, the president now owns 120,645 shares of the company's stock, valued at approximately $17,214,835.05. This represents a 7.65% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

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.