Diamondback Energy, Inc. $FANG Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lifted its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 233.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,673 shares of the oil and natural gas company’s stock after purchasing an additional 8,877 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Diamondback Energy were worth $1,814,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Uhlmann Price Securities LLC increased its position in shares of Diamondback Energy by 1.3% in the second quarter. Uhlmann Price Securities LLC now owns 5,090 shares of the oil and natural gas company’s stock valued at $699,000 after buying an additional 67 shares in the last quarter. Viawealth LLC grew its stake in Diamondback Energy by 5.0% in the 2nd quarter. Viawealth LLC now owns 1,753 shares of the oil and natural gas company’s stock valued at $241,000 after acquiring an additional 83 shares during the period. STF Management LP grew its stake in Diamondback Energy by 1.9% in the 2nd quarter. STF Management LP now owns 4,490 shares of the oil and natural gas company’s stock valued at $617,000 after acquiring an additional 84 shares during the period. Lodestone Wealth Management LLC increased its holdings in Diamondback Energy by 1.2% in the 3rd quarter. Lodestone Wealth Management LLC now owns 7,219 shares of the oil and natural gas company’s stock worth $1,033,000 after acquiring an additional 84 shares in the last quarter. Finally, Fullcircle Wealth LLC raised its position in Diamondback Energy by 3.7% during the second quarter. Fullcircle Wealth LLC now owns 2,385 shares of the oil and natural gas company’s stock worth $352,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Trading Up 1.4%

FANG opened at $154.02 on Monday. The firm has a market capitalization of $44.11 billion, a price-to-earnings ratio of 10.70 and a beta of 0.59. The company’s 50 day simple moving average is $150.90 and its two-hundred day simple moving average is $145.72. Diamondback Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $177.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.60.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, November 3rd. The oil and natural gas company reported $3.08 EPS for the quarter, beating the consensus estimate of $2.94 by $0.14. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter last year, the firm earned $3.19 earnings per share. The business’s revenue for the quarter was up 48.4% on a year-over-year basis. Analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Thursday, November 13th. Diamondback Energy’s payout ratio is currently 27.80%.

Wall Street Analyst Weigh In

FANG has been the topic of several research analyst reports. Sanford C. Bernstein dropped their target price on shares of Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Evercore ISI raised their price target on shares of Diamondback Energy from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Scotiabank set a $175.00 price objective on Diamondback Energy in a research note on Friday, January 16th. Wall Street Zen cut Diamondback Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Finally, Morgan Stanley decreased their target price on Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating on the stock in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $185.67.

Insider Buying and Selling at Diamondback Energy

In related news, Director Charles Alvin Meloy sold 377,911 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $138.61, for a total value of $52,382,243.71. Following the completion of the sale, the director owned 1,044,864 shares of the company’s stock, valued at approximately $144,828,599.04. This represents a 26.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.48% of the company’s stock.

Diamondback Energy Profile

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.