Diamondback Energy Inc (FANG) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lowered its holdings in Diamondback Energy Inc (NASDAQ:FANG) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,626 shares of the oil and natural gas company’s stock after selling 6,595 shares during the period. Allianz Asset Management GmbH owned about 0.13% of Diamondback Energy worth $18,065,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Diamondback Energy by 13.2% in the first quarter. Principal Financial Group Inc. now owns 13,523 shares of the oil and natural gas company’s stock valued at $1,711,000 after acquiring an additional 1,578 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Diamondback Energy by 10.2% in the second quarter. Commonwealth Equity Services LLC now owns 18,786 shares of the oil and natural gas company’s stock valued at $2,472,000 after acquiring an additional 1,744 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Diamondback Energy by 25.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 306,503 shares of the oil and natural gas company’s stock valued at $40,327,000 after purchasing an additional 62,906 shares during the period. KBC Group NV increased its stake in Diamondback Energy by 68.7% in the second quarter. KBC Group NV now owns 11,422 shares of the oil and natural gas company’s stock valued at $1,503,000 after purchasing an additional 4,652 shares during the period. Finally, State of Wisconsin Investment Board increased its stake in Diamondback Energy by 7.7% in the second quarter. State of Wisconsin Investment Board now owns 121,637 shares of the oil and natural gas company’s stock valued at $16,004,000 after purchasing an additional 8,706 shares during the period.

Shares of Diamondback Energy stock opened at $102.70 on Friday. Diamondback Energy Inc has a 52-week low of $96.95 and a 52-week high of $140.78. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. The stock has a market cap of $10.64 billion, a PE ratio of 19.38, a PEG ratio of 0.60 and a beta of 0.72.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Tuesday, November 6th. The oil and natural gas company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.15. Diamondback Energy had a net margin of 33.63% and a return on equity of 10.75%. The business had revenue of $538.03 million for the quarter, compared to analyst estimates of $518.32 million. During the same period in the previous year, the business posted $1.33 earnings per share. The business’s revenue was up 78.6% compared to the same quarter last year. Equities analysts anticipate that Diamondback Energy Inc will post 6.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 26th. Stockholders of record on Monday, November 19th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.49%. Diamondback Energy’s dividend payout ratio (DPR) is 9.43%.

In other news, VP Russell Pantermuehl sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $127.80, for a total transaction of $255,600.00. Following the transaction, the vice president now directly owns 89,532 shares in the company, valued at $11,442,189.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.57% of the company’s stock.

A number of research analysts have commented on FANG shares. Imperial Capital lifted their price objective on shares of Diamondback Energy from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, August 10th. SunTrust Banks restated a “buy” rating and issued a $170.00 price objective on shares of Diamondback Energy in a research note on Friday, August 10th. TD Securities set a $175.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research note on Saturday, August 11th. Raymond James restated a “buy” rating and issued a $166.00 price objective on shares of Diamondback Energy in a research note on Monday, August 13th. Finally, BMO Capital Markets lowered shares of Diamondback Energy from an “outperform” rating to a “market perform” rating and set a $150.00 price objective on the stock. in a research note on Wednesday, August 15th. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $160.27.

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Diamondback Energy Profile

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.

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Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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