Ossiam Increases Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Ossiam lifted its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 96.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,669 shares of the oil and natural gas company's stock after buying an additional 2,294 shares during the quarter. Ossiam's holdings in Diamondback Energy were worth $765,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Wintrust Investments LLC acquired a new stake in shares of Diamondback Energy in the 4th quarter worth about $28,000. R Squared Ltd purchased a new position in Diamondback Energy in the fourth quarter valued at approximately $29,000. UMB Bank n.a. grew its holdings in Diamondback Energy by 247.3% during the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company's stock valued at $31,000 after purchasing an additional 136 shares during the period. Key Financial Inc increased its position in Diamondback Energy by 940.0% in the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company's stock worth $34,000 after buying an additional 188 shares during the last quarter. Finally, Rakuten Securities Inc. raised its stake in shares of Diamondback Energy by 62.4% in the fourth quarter. Rakuten Securities Inc. now owns 276 shares of the oil and natural gas company's stock valued at $45,000 after buying an additional 106 shares during the period. Institutional investors own 90.01% of the company's stock.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, Director Frank D. Tsuru purchased 2,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $156.51 per share, for a total transaction of $313,020.00. Following the completion of the purchase, the director now directly owns 5,730 shares of the company's stock, valued at $896,802.30. This trade represents a 53.62 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.48% of the stock is owned by insiders.

Diamondback Energy Stock Up 0.4 %

Shares of NASDAQ FANG traded up $0.60 on Friday, reaching $136.76. 1,608,355 shares of the company's stock traded hands, compared to its average volume of 2,093,456. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. The business's 50 day simple moving average is $145.44 and its two-hundred day simple moving average is $163.39. Diamondback Energy, Inc. has a 12 month low of $114.00 and a 12 month high of $214.50. The company has a market cap of $40.22 billion, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released 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 business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.55 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. As a group, equities research analysts forecast that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were issued a dividend of $1.00 per share. This is a boost from Diamondback Energy's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.92%. Diamondback Energy's dividend payout ratio is presently 25.32%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FANG. Scotiabank reduced their target price on shares of Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Wolfe Research raised Diamondback Energy from a "peer perform" rating to an "outperform" rating and set a $190.00 target price for the company in a report on Friday, January 3rd. Williams Trading set a $190.00 target price on Diamondback Energy in a research note on Wednesday, March 5th. Wells Fargo & Company cut their price objective on Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating for the company in a report on Monday. Finally, Mizuho boosted their price target on shares of Diamondback Energy from $201.00 to $204.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Diamondback Energy has an average rating of "Moderate Buy" and a consensus target price of $200.96.

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.