Tokio Marine Asset Management Co. Ltd. Purchases 37,246 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Tokio Marine Asset Management Co. Ltd. increased its position in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 631.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,148 shares of the oil and natural gas company's stock after acquiring an additional 37,246 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in Diamondback Energy were worth $7,069,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FANG. Financial Advocates Investment Management lifted its stake in Diamondback Energy by 3.0% in the third quarter. Financial Advocates Investment Management now owns 1,907 shares of the oil and natural gas company's stock worth $329,000 after purchasing an additional 55 shares during the last quarter. Greenup Street Wealth Management LLC lifted its stake in Diamondback Energy by 3.4% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 1,817 shares of the oil and natural gas company's stock valued at $313,000 after acquiring an additional 60 shares during the period. Lakewood Asset Management LLC boosted its holdings in Diamondback Energy by 0.5% in the fourth quarter. Lakewood Asset Management LLC now owns 11,340 shares of the oil and natural gas company's stock valued at $1,858,000 after purchasing an additional 60 shares during the last quarter. West Family Investments Inc. raised its position in Diamondback Energy by 3.4% during the third quarter. West Family Investments Inc. now owns 1,852 shares of the oil and natural gas company's stock valued at $319,000 after acquiring an additional 61 shares in the last quarter. Finally, CVA Family Office LLC grew its position in Diamondback Energy by 28.1% during the third quarter. CVA Family Office LLC now owns 296 shares of the oil and natural gas company's stock valued at $51,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 90.01% of the company's stock.

Diamondback Energy Trading Down 1.1 %

Shares of Diamondback Energy stock traded down $1.80 on Wednesday, hitting $164.50. The stock had a trading volume of 915,799 shares, compared to its average volume of 1,903,026. The stock's 50-day simple moving average is $168.48 and its two-hundred day simple moving average is $180.00. The stock has a market cap of $48.03 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 1.28 and a beta of 1.86. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a one year low of $150.00 and a one year high of $214.50.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.62 by ($1.24). The firm had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.43 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The firm's revenue was up 13.0% on a year-over-year basis. During the same period last year, the company earned $5.49 earnings per share. As a group, sell-side analysts predict that Diamondback Energy, Inc. will post 15.5 EPS for the current year.

Diamondback Energy Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on FANG. StockNews.com upgraded shares of Diamondback Energy from a "sell" rating to a "hold" rating in a report on Wednesday, November 13th. Citigroup started coverage on shares of Diamondback Energy in a research report on Monday, October 14th. They set a "neutral" rating and a $195.00 price objective for the company. KeyCorp reduced their price objective on Diamondback Energy from $225.00 to $216.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Royal Bank of Canada restated an "outperform" rating and issued a $210.00 price objective on shares of Diamondback Energy in a research report on Thursday, January 23rd. Finally, Scotiabank dropped their target price on Diamondback Energy from $245.00 to $225.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $215.00.

Insider Activity

In other Diamondback Energy news, Director Mark Lawrence Plaumann sold 1,150 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $181.00, for a total transaction of $208,150.00. Following the sale, the director now owns 4,712 shares of the company's stock, valued at approximately $852,872. This trade represents a 19.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.48% of the company's stock.

Diamondback Energy 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.