Nissay Asset Management Corp Japan ADV Acquires 15,298 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Nissay Asset Management Corp Japan ADV boosted its stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 41.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,401 shares of the oil and natural gas company's stock after acquiring an additional 15,298 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Diamondback Energy were worth $8,297,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FANG. Price T Rowe Associates Inc. MD lifted its position in 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 worth $1,496,859,000 after buying an additional 928,429 shares in the last quarter. Boston Partners lifted its position in 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 worth $849,202,000 after buying an additional 571,820 shares in the last quarter. Geode Capital Management LLC lifted its position in 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 worth $769,706,000 after buying an additional 91,605 shares in the last quarter. Bank of New York Mellon Corp increased its stake 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 worth $682,036,000 after purchasing an additional 502,916 shares during the last quarter. Finally, Demars Financial Group LLC acquired a new position in shares of Diamondback Energy during the 4th quarter worth about $638,050,000. 90.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, President Hof Matthew Kaes Van't sold 10,000 shares of the firm's 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 completion of the sale, the president now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank D. Tsuru purchased 2,000 shares of Diamondback Energy stock in a transaction on Friday, February 28th. The stock was bought at an average price of $156.51 per share, with a total value of $313,020.00. Following the completion of the acquisition, the director now directly owns 5,730 shares of the company's stock, valued at approximately $896,802.30. This trade represents a 53.62% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FANG shares. Raymond James lowered their price objective 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. KeyCorp decreased their price target on shares of Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. 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. Susquehanna decreased 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 report on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased their target price on shares of Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Diamondback Energy currently has an average rating of "Buy" and a consensus price target of $194.09.

Diamondback Energy Trading Down 1.3%

NASDAQ FANG traded down $1.78 on Monday, hitting $139.35. The company's stock had a trading volume of 1,476,396 shares, compared to its average volume of 2,139,029. 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, Inc. has a 1-year low of $114.00 and a 1-year high of $214.50. The company's 50-day moving average is $141.25 and its 200 day moving average is $157.87. The firm has a market cap of $40.71 billion, a PE ratio of 7.98, a PEG ratio of 1.24 and a beta of 1.06.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly 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. 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 analysts' expectations of $3.58 billion. During the same period in the prior year, the company posted $4.50 EPS. The company's revenue was up 81.8% on a year-over-year basis. As a group, analysts predict that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.87%. The ex-dividend date is Thursday, May 15th. Diamondback Energy's dividend payout ratio (DPR) is currently 24.46%.

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.