Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 89,615 shares of the oil and natural gas company's stock, valued at approximately $14,682,000.

A number of other hedge funds have also modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in shares of Diamondback Energy by 11.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,136,645 shares of the oil and natural gas company's stock worth $1,496,859,000 after acquiring an additional 928,429 shares during the last quarter. Boston Partners increased its stake in Diamondback Energy by 12.4% in the 4th quarter. Boston Partners now owns 5,169,742 shares of the oil and natural gas company's stock valued at $849,202,000 after buying an additional 571,820 shares during the period. Geode Capital Management LLC increased its stake in Diamondback Energy by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 4,710,165 shares of the oil and natural gas company's stock valued at $769,706,000 after buying an additional 91,605 shares during the period. Bank of New York Mellon Corp increased its stake in Diamondback Energy by 13.7% in the 4th quarter. Bank of New York Mellon Corp now owns 4,163,070 shares of the oil and natural gas company's stock valued at $682,036,000 after buying an additional 502,916 shares during the period. Finally, Demars Financial Group LLC acquired a new position in Diamondback Energy in the 4th quarter valued at $638,050,000. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Hof Matthew Kaes Van't sold 10,000 shares of the company's 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 completion of the transaction, the president now owns 120,645 shares of the company's stock, valued at $17,214,835.05. This represents a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.70% of the company's stock.

Diamondback Energy Price Performance

FANG stock traded up $4.69 during trading on Tuesday, hitting $142.28. The stock had a trading volume of 2,769,626 shares, compared to its average volume of 2,165,597. The company's 50 day moving average price is $136.79 and its two-hundred day moving average price is $154.48. Diamondback Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $214.50. The stock has a market cap of $41.57 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45.

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 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 during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the company posted $4.50 EPS. The firm's revenue for the quarter was up 81.8% on a year-over-year basis. On average, sell-side analysts forecast that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Thursday, May 15th. Diamondback Energy's dividend payout ratio is currently 24.46%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Mizuho dropped their price objective on shares of Diamondback Energy from $186.00 to $179.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Evercore ISI began coverage on shares of Diamondback Energy in a research report on Tuesday, May 6th. They set an "outperform" rating and a $165.00 target price on the stock. Piper Sandler decreased their target price on shares of Diamondback Energy from $234.00 to $225.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. JPMorgan Chase & Co. decreased their target price on shares of Diamondback Energy from $167.00 to $161.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Finally, Raymond James restated a "strong-buy" rating on shares of Diamondback Energy in a research report on Thursday, May 22nd. Two research 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 stock. According to data from MarketBeat, 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.