Diamondback Energy, Inc. (NASDAQ:FANG) Shares Bought by Point72 Europe London LLP

Point72 Europe London LLP grew its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,460 shares of the oil and natural gas company's stock after purchasing an additional 5,986 shares during the quarter. Point72 Europe London LLP's holdings in Diamondback Energy were worth $11,216,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wintrust Investments LLC purchased a new stake in Diamondback Energy during the 4th quarter valued at about $28,000. R Squared Ltd acquired a new position in shares of Diamondback Energy during the 4th quarter worth approximately $29,000. UMB Bank n.a. grew its position in shares of Diamondback Energy by 247.3% in the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company's stock valued at $31,000 after purchasing an additional 136 shares in the last quarter. Key Financial Inc increased its holdings in shares of Diamondback Energy by 940.0% in the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company's stock valued at $34,000 after purchasing an additional 188 shares during the last quarter. Finally, Ancora Advisors LLC lifted its position in Diamondback Energy by 182.9% during the fourth quarter. Ancora Advisors LLC now owns 232 shares of the oil and natural gas company's stock worth $38,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 90.01% of the company's stock.

Diamondback Energy Stock Down 0.0%

Shares of NASDAQ FANG traded down $0.06 during mid-day trading on Tuesday, hitting $139.30. The company had a trading volume of 496,701 shares, compared to its average volume of 2,553,056. The company has a market capitalization of $40.70 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. The business's 50-day simple moving average is $141.10 and its 200 day simple moving average is $157.61. Diamondback Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $214.50. 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 (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 for the quarter, topping the consensus estimate of $3.67 by $0.87. The company had revenue of $4.05 billion for 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 quarter in the prior year, the business earned $4.50 EPS. On average, analysts predict that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Thursday, May 15th. Diamondback Energy's dividend payout ratio is presently 24.46%.

Insider Activity

In other Diamondback Energy news, Director Frank D. Tsuru bought 2,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were purchased 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 $896,802.30. This represents a 53.62% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Hof Matthew Kaes Van't sold 10,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $142.69, for a total value of $1,426,900.00. Following the transaction, the president now directly owns 120,645 shares of the company's stock, valued at approximately $17,214,835.05. This represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

FANG has been the subject of a number of recent research reports. Citigroup raised Diamondback Energy from a "reduce" rating to a "buy" rating and raised their target price for the stock from $157.00 to $180.00 in a research note on Monday, April 7th. Scotiabank cut their price objective on shares of Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. KeyCorp decreased their target price on shares of Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Raymond James cut their price target on shares of Diamondback Energy from $245.00 to $214.00 and set a "strong-buy" rating for the company in a report on Wednesday, March 12th. Finally, Barclays reduced 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. Two 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 MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $194.09.

About Diamondback Energy

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.