Diamondback Energy, Inc. (NASDAQ:FANG) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 9.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,674 shares of the oil and natural gas company's stock after acquiring an additional 14,182 shares during the period. Natixis Advisors LLC owned approximately 0.06% of Diamondback Energy worth $29,424,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its position in Diamondback Energy by 38.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,609,143 shares of the oil and natural gas company's stock valued at $1,706,076,000 after buying an additional 2,381,488 shares during the period. Bank of New York Mellon Corp raised its position in Diamondback Energy by 16.0% in the 2nd 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 purchasing an additional 415,902 shares in the last quarter. Boston Partners boosted its stake in shares of Diamondback Energy by 235.6% in the 1st quarter. Boston Partners now owns 2,730,482 shares of the oil and natural gas company's stock valued at $541,844,000 after buying an additional 1,916,900 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Diamondback Energy by 10.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,690,181 shares of the oil and natural gas company's stock worth $538,547,000 after buying an additional 247,065 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Diamondback Energy by 7.1% during the second quarter. Pacer Advisors Inc. now owns 2,473,831 shares of the oil and natural gas company's stock worth $495,236,000 after buying an additional 164,732 shares during the period. Hedge funds and other institutional investors own 90.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group cut their price target on Diamondback Energy from $247.00 to $223.00 and set a "buy" rating on the stock in a research note on Wednesday, September 18th. Jefferies Financial Group initiated coverage on shares of Diamondback Energy in a research note on Monday, September 16th. They issued a "hold" rating and a $185.00 price target on the stock. Evercore ISI lowered their target price on shares of Diamondback Energy from $235.00 to $209.00 and set an "outperform" rating for the company in a report on Monday, September 30th. Citigroup started coverage on shares of Diamondback Energy in a research note on Monday, October 14th. They set a "neutral" rating and a $195.00 price target on the stock. Finally, Truist Financial upped their price objective on shares of Diamondback Energy from $220.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $209.64.

Insider Activity at Diamondback Energy

In other news, major shareholder Lyndal Greth sold 13,212,830 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $175.11, for a total value of $2,313,698,661.30. Following the sale, the insider now directly owns 1,037,819 shares in the company, valued at $181,732,485.09. This represents a 92.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Lawrence Plaumann sold 1,150 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $181.00, for a total transaction of $208,150.00. Following the transaction, the director now directly 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 disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Diamondback Energy Price Performance

NASDAQ:FANG traded up $5.30 during trading hours on Monday, hitting $181.90. The company's stock had a trading volume of 1,967,583 shares, compared to its average volume of 1,753,997. Diamondback Energy, Inc. has a 52-week low of $145.70 and a 52-week high of $214.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. The business's 50-day moving average is $181.16 and its two-hundred day moving average is $191.33. The company has a market capitalization of $53.11 billion, a PE ratio of 10.11, a PEG ratio of 1.26 and a beta of 1.89.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly earnings data 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). Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the business earned $5.49 EPS. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, research analysts anticipate that Diamondback Energy, Inc. will post 16.78 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, November 14th. Diamondback Energy's dividend payout ratio is currently 20.61%.

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.