MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 101,211 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 81.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 225,395 shares of the oil and natural gas company's stock after buying an additional 101,211 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.08% of Diamondback Energy worth $36,926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FANG. Wealth Enhancement Advisory Services LLC raised its stake in Diamondback Energy by 4.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,608 shares of the oil and natural gas company's stock worth $2,863,000 after purchasing an additional 637 shares in the last quarter. Czech National Bank grew its holdings in shares of Diamondback Energy by 6.2% during the 4th quarter. Czech National Bank now owns 40,518 shares of the oil and natural gas company's stock valued at $6,638,000 after purchasing an additional 2,352 shares during the last quarter. Fragasso Financial Advisors Inc grew its holdings in Diamondback Energy by 3.8% during the 4th quarter. Fragasso Financial Advisors Inc now owns 1,928 shares of the oil and natural gas company's stock worth $316,000 after acquiring an additional 70 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in Diamondback Energy by 1.7% during the 4th quarter. Pallas Capital Advisors LLC now owns 12,576 shares of the oil and natural gas company's stock worth $2,060,000 after acquiring an additional 208 shares during the last quarter. Finally, Signal Advisors Wealth LLC grew its holdings in Diamondback Energy by 78.6% during the 4th quarter. Signal Advisors Wealth LLC now owns 16,839 shares of the oil and natural gas company's stock worth $2,759,000 after acquiring an additional 7,412 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company's stock.

Insider Buying and Selling

In other Diamondback Energy news, President Hof Matthew Kaes Van't sold 10,000 shares of the business'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 transaction, the president now owns 120,645 shares in the company, valued at approximately $17,214,835.05. The trade was a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank D. Tsuru bought 2,000 shares of the business's stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $156.51 per share, for a total transaction of $313,020.00. Following the purchase, 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 corporate insiders.

Diamondback Energy Price Performance

NASDAQ:FANG traded down $0.82 during trading hours on Friday, hitting $141.13. The stock had a trading volume of 2,291,301 shares, compared to its average volume of 2,137,172. The company has a 50 day simple moving average of $141.25 and a two-hundred day simple moving average of $158.13. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. Diamondback Energy, Inc. has a one year low of $114.00 and a one year high of $214.50. The firm has a market capitalization of $41.23 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 1.24 and a beta of 1.06.

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. The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $3.58 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The business's quarterly revenue was up 81.8% on a year-over-year basis. During the same quarter last year, the company posted $4.50 EPS. Research analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, May 15th. Diamondback Energy's payout ratio is presently 24.46%.

Wall Street Analysts Forecast Growth

FANG has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. UBS Group decreased their price target 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. KeyCorp decreased their price target on shares of Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Piper Sandler decreased their price objective on shares of Diamondback Energy from $234.00 to $225.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Raymond James decreased their price objective on shares of Diamondback Energy from $245.00 to $214.00 and set a "strong-buy" rating for the company in a research note on Wednesday, March 12th. Two investment 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. According to data from MarketBeat.com, Diamondback Energy has an average rating of "Buy" and an average target price of $194.09.

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.