Janus Henderson Group PLC Increases Stock Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Janus Henderson Group PLC lifted its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 52.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,957 shares of the oil and natural gas company's stock after purchasing an additional 27,983 shares during the quarter. Janus Henderson Group PLC's holdings in Diamondback Energy were worth $13,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Demars Financial Group LLC bought a new stake in Diamondback Energy during the fourth quarter worth approximately $638,050,000. Raymond James Financial Inc. acquired a new position in Diamondback Energy during the fourth quarter worth about $298,327,000. Alyeska Investment Group L.P. acquired a new stake in Diamondback Energy in the 4th quarter valued at about $185,193,000. Price T Rowe Associates Inc. MD boosted its position in shares of Diamondback Energy by 11.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,136,645 shares of the oil and natural gas company's stock valued at $1,496,859,000 after purchasing an additional 928,429 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in shares of Diamondback Energy by 30.5% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 2,817,554 shares of the oil and natural gas company's stock worth $461,600,000 after purchasing an additional 658,644 shares during the last quarter. Institutional investors own 90.01% of the company's stock.

Diamondback Energy Price Performance

Diamondback Energy stock traded down $1.00 during mid-day trading on Tuesday, reaching $138.35. The company had a trading volume of 1,098,714 shares, compared to its average volume of 2,134,910. The business has a fifty day simple moving average of $141.10 and a 200 day simple moving average of $157.61. The company has a market cap of $40.42 billion, a P/E ratio of 7.92, a P/E/G ratio of 1.24 and a beta of 1.06. Diamondback Energy, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $214.50. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.67 by $0.87. The business had revenue of $4.05 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.50 EPS. On average, equities research analysts predict that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be issued a $1.00 dividend. The ex-dividend date is Thursday, May 15th. This represents a $4.00 dividend on an annualized basis and a yield of 2.89%. Diamondback Energy's payout ratio is 24.46%.

Insider Buying and Selling

In other Diamondback Energy news, President Hof Matthew Kaes Van't sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the president now directly owns 120,645 shares in the company, valued at approximately $17,214,835.05. This represents a 7.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank D. Tsuru bought 2,000 shares of Diamondback Energy stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $156.51 per share, with a total value of $313,020.00. Following the completion of the purchase, the director now owns 5,730 shares in the company, valued at $896,802.30. This trade represents a 53.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on FANG shares. Mizuho decreased their price target on shares of Diamondback Energy from $186.00 to $179.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley reiterated an "overweight" rating on shares of Diamondback Energy in a research report on Tuesday, April 15th. Wells Fargo & Company reduced 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 note on Monday, April 21st. Bank of America raised shares of Diamondback Energy from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $202.00 to $170.00 in a research report on Tuesday, April 29th. Finally, UBS Group decreased their price objective on shares of Diamondback Energy from $175.00 to $163.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Two investment 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, Diamondback Energy currently has an average rating of "Buy" and an average target price of $194.09.

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.