Swedbank AB Buys 43,361 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Swedbank AB grew its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 28.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,283 shares of the oil and natural gas company's stock after acquiring an additional 43,361 shares during the period. Swedbank AB owned 0.07% of Diamondback Energy worth $32,485,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in Diamondback Energy by 1,153.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,132,918 shares of the oil and natural gas company's stock worth $185,606,000 after acquiring an additional 1,042,505 shares in the last quarter. Zimmer Partners LP acquired a new position in shares of Diamondback Energy during the third quarter valued at about $87,924,000. Holocene Advisors LP boosted its position in shares of Diamondback Energy by 95.3% during the 3rd quarter. Holocene Advisors LP now owns 938,474 shares of the oil and natural gas company's stock worth $161,793,000 after purchasing an additional 457,896 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in Diamondback Energy by 25.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,158,910 shares of the oil and natural gas company's stock worth $372,196,000 after buying an additional 439,579 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in Diamondback Energy by 17,151.2% in the third quarter. International Assets Investment Management LLC now owns 340,021 shares of the oil and natural gas company's stock worth $58,620,000 after acquiring an additional 338,050 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

Diamondback Energy Trading Down 3.6 %

FANG stock traded down $6.05 on Friday, reaching $164.36. The company's stock had a trading volume of 2,917,186 shares, compared to its average volume of 1,934,470. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. Diamondback Energy, Inc. has a 12-month low of $147.93 and a 12-month high of $214.50. The firm has a market cap of $47.99 billion, a PE ratio of 9.41, a PEG ratio of 1.33 and a beta of 1.88. The business has a fifty day simple moving average of $169.40 and a two-hundred day simple moving average of $181.33.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.62 by ($1.24). Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the previous year, the company earned $5.49 earnings per share. Diamondback Energy's quarterly revenue was up 13.0% on a year-over-year basis. As a group, research analysts forecast that Diamondback Energy, Inc. will post 15.55 EPS for the current year.

Diamondback Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a $0.90 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.19%. Diamondback Energy's payout ratio is 20.61%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Scotiabank lowered their target price on Diamondback Energy from $245.00 to $225.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. The Goldman Sachs Group began coverage on shares of Diamondback Energy in a report on Monday, December 2nd. They set a "buy" rating and a $227.00 price objective for the company. Citigroup began coverage on shares of Diamondback Energy in a research report on Monday, October 14th. They issued a "neutral" rating and a $195.00 price target on the stock. Wolfe Research raised Diamondback Energy from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a research note on Friday, January 3rd. Finally, KeyCorp cut their price objective on shares of Diamondback Energy from $225.00 to $216.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $215.00.

Insider Activity at Diamondback Energy

In other news, Director Mark Lawrence Plaumann sold 1,150 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $181.00, for a total value of $208,150.00. Following the sale, the director now directly owns 4,712 shares of the company's stock, valued at approximately $852,872. This represents a 19.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.48% of the stock is currently owned by corporate insiders.

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.