Janus Henderson Group PLC Raises Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Janus Henderson Group PLC increased its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 162.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,974 shares of the oil and natural gas company's stock after purchasing an additional 32,803 shares during the period. Janus Henderson Group PLC's holdings in Diamondback Energy were worth $9,130,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FANG. Holocene Advisors LP increased its position in Diamondback Energy by 95.3% during the third 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 during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Diamondback Energy by 25.6% during the third 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. Bank of New York Mellon Corp increased its position in shares of Diamondback Energy by 16.0% during the second quarter. Bank of New York Mellon Corp now owns 3,012,329 shares of the oil and natural gas company's stock valued at $603,038,000 after acquiring an additional 415,902 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Diamondback Energy by 280.8% during the second quarter. Canada Pension Plan Investment Board now owns 545,202 shares of the oil and natural gas company's stock valued at $109,144,000 after acquiring an additional 402,026 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Diamondback Energy by 195.4% during the second quarter. American Century Companies Inc. now owns 531,162 shares of the oil and natural gas company's stock valued at $106,333,000 after acquiring an additional 351,329 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FANG shares. Susquehanna dropped their price target on shares of Diamondback Energy from $237.00 to $233.00 and set a "positive" rating for the company in a research report on Friday, October 18th. JPMorgan Chase & Co. started coverage on shares of Diamondback Energy in a research report on Wednesday, October 2nd. They set an "overweight" rating and a $182.00 price target for the company. Wells Fargo & Company reiterated a "sector outperform" rating on shares of Diamondback Energy in a research report on Friday, October 18th. Raymond James lifted their price target on shares of Diamondback Energy from $232.00 to $237.00 and gave the company a "strong-buy" rating in a research report on Tuesday, November 19th. Finally, Scotiabank dropped their price objective on shares of Diamondback Energy from $245.00 to $225.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $212.65.

Diamondback Energy Stock Up 0.2 %

FANG stock traded up $0.29 during midday trading on Monday, reaching $167.12. 1,774,820 shares of the company were exchanged, compared to its average volume of 1,769,982. The company has a market cap of $48.80 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 1.23 and a beta of 1.88. 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 1-year low of $146.82 and a 1-year high of $214.50. The stock's 50-day simple moving average is $181.27 and its 200 day simple moving average is $188.82.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 EPS for the quarter, missing the consensus estimate of $4.62 by ($1.24). The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.43 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. Diamondback Energy's revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.49 earnings per share. On average, equities analysts forecast that Diamondback Energy, Inc. will post 16.26 earnings per share for the current year.

Diamondback Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a $0.90 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.15%. Diamondback Energy's dividend payout ratio (DPR) is presently 20.61%.

Insider Buying and Selling

In related news, major shareholder Lyndal Greth sold 13,212,830 shares of the firm's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $175.11, for a total transaction of $2,313,698,661.30. Following the transaction, the insider now owns 1,037,819 shares of the company's stock, valued at $181,732,485.09. This trade represents a 92.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark Lawrence Plaumann sold 1,150 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $181.00, for a total value of $208,150.00. Following the completion of the transaction, the director now owns 4,712 shares in the company, valued at $852,872. This trade represents a 19.62 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company 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.