Diamondback Energy, Inc. (NASDAQ:FANG) Stock Holdings Boosted by Amundi

Amundi increased its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 691,498 shares of the oil and natural gas company's stock after purchasing an additional 10,737 shares during the quarter. Amundi owned approximately 0.24% of Diamondback Energy worth $118,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in FANG. Lakewood Asset Management LLC lifted its stake in shares of Diamondback Energy by 0.5% during the 4th quarter. Lakewood Asset Management LLC now owns 11,340 shares of the oil and natural gas company's stock worth $1,858,000 after purchasing an additional 60 shares during the period. West Family Investments Inc. boosted its stake in Diamondback Energy by 3.4% in the 3rd quarter. West Family Investments Inc. now owns 1,852 shares of the oil and natural gas company's stock worth $319,000 after buying an additional 61 shares during the last quarter. Magnolia Capital Advisors LLC grew its holdings in Diamondback Energy by 2.0% in the 4th quarter. Magnolia Capital Advisors LLC now owns 3,247 shares of the oil and natural gas company's stock valued at $532,000 after buying an additional 64 shares during the period. Barden Capital Management Inc. increased its stake in shares of Diamondback Energy by 1.5% during the 4th quarter. Barden Capital Management Inc. now owns 4,380 shares of the oil and natural gas company's stock valued at $718,000 after acquiring an additional 64 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of Diamondback Energy by 2.4% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,795 shares of the oil and natural gas company's stock worth $482,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 90.01% of the company's stock.

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Diamondback Energy Stock Up 1.7 %

NASDAQ:FANG traded up $2.47 during mid-day trading on Wednesday, reaching $147.12. The stock had a trading volume of 972,574 shares, compared to its average volume of 2,436,151. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The company has a market capitalization of $42.58 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 1.24 and a beta of 1.84. Diamondback Energy, Inc. has a 1-year low of $137.09 and a 1-year high of $214.50. The stock's 50 day simple moving average is $163.18 and its two-hundred day simple moving average is $172.54.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 EPS for the quarter, topping the consensus estimate of $3.57 by $0.07. The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.55 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. Equities analysts anticipate that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.72%. This is a boost from Diamondback Energy's previous quarterly dividend of $0.90. The ex-dividend date is Thursday, March 6th. Diamondback Energy's dividend payout ratio is 25.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FANG shares. StockNews.com upgraded shares of Diamondback Energy from a "sell" rating to a "hold" rating in a report on Wednesday, November 13th. Royal Bank of Canada restated an "outperform" rating and set a $210.00 price objective on shares of Diamondback Energy in a report on Thursday, January 23rd. Raymond James reduced their target price on Diamondback Energy from $245.00 to $214.00 and set a "strong-buy" rating on the stock in a report on Wednesday. Williams Trading set a $190.00 target price on Diamondback Energy in a report on Wednesday, March 5th. Finally, Wolfe Research raised shares of Diamondback Energy from a "peer perform" rating to an "outperform" rating and set a $190.00 price target on the stock in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $213.08.

Insider Transactions at Diamondback Energy

In other Diamondback Energy news, Director Frank D. Tsuru bought 2,000 shares of the business's stock in a transaction 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 approximately $896,802.30. The trade was a 53.62 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.48% of the company's stock.

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.