Mufg Securities Americas Inc. Buys Shares of 2,759 Diamondback Energy, Inc. (NASDAQ:FANG)

Mufg Securities Americas Inc. purchased a new stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,759 shares of the oil and natural gas company's stock, valued at approximately $452,000.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings 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 buying an additional 928,429 shares in the last quarter. Boston Partners boosted its holdings in shares of Diamondback Energy by 12.4% during 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Diamondback Energy by 2.0% during 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 in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Diamondback Energy by 13.7% during 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 in the last quarter. Finally, Demars Financial Group LLC bought a new stake in shares of Diamondback Energy during the 4th quarter valued at $638,050,000. Institutional investors own 90.01% of the company's stock.

Insider Transactions at Diamondback Energy

In other news, President Hof Matthew Kaes Van't sold 10,000 shares of the firm'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 transaction, the president now owns 120,645 shares in the company, valued at approximately $17,214,835.05. This trade represents a 7.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frank D. Tsuru bought 2,000 shares of the business's stock in a transaction on Friday, February 28th. The stock was bought at an average price of $156.51 per share, for a total transaction of $313,020.00. Following the purchase, the director now directly owns 5,730 shares of the company's stock, valued at $896,802.30. The trade was a 53.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.70% of the company's stock.

Diamondback Energy Trading Down 1.3%

FANG traded down $1.78 during trading on Monday, reaching $139.35. The company had a trading volume of 1,476,396 shares, compared to its average volume of 2,139,029. The stock has a market cap of $40.71 billion, a P/E ratio of 7.98, a PEG ratio of 1.24 and a beta of 1.06. The business has a 50 day simple moving average of $141.25 and a 200-day simple moving average of $157.87. Diamondback Energy, Inc. has a 52 week low of $114.00 and a 52 week high of $214.50. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its quarterly 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 company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.58 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. Diamondback Energy's revenue was up 81.8% on a year-over-year basis. During the same period last year, the company earned $4.50 earnings per share. On average, equities analysts anticipate that Diamondback Energy, Inc. will post 15.49 EPS 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. Stockholders of record on Thursday, May 15th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $4.00 annualized dividend and a dividend yield of 2.87%. Diamondback Energy's dividend payout ratio (DPR) is 24.46%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Raymond James lowered their target price on shares of Diamondback Energy from $245.00 to $214.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, March 12th. Susquehanna lowered their target price on shares of Diamondback Energy from $219.00 to $194.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. UBS Group reduced 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 report on Thursday, April 17th. Royal Bank of Canada assumed coverage on shares of Diamondback Energy in a research report on Friday, May 2nd. They set an "outperform" rating and a $180.00 price target for the company. Finally, Williams Trading set a $190.00 price target on shares of Diamondback Energy in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target 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.