Schroder Investment Management Group Acquires 21,396 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Schroder Investment Management Group boosted its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 196,943 shares of the oil and natural gas company's stock after buying an additional 21,396 shares during the period. Schroder Investment Management Group owned approximately 0.07% of Diamondback Energy worth $31,704,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FANG. Royal Bank of Canada restated an "outperform" rating and issued a $210.00 price target on shares of Diamondback Energy in a research note on Thursday, January 23rd. Piper Sandler cut their price target on shares of Diamondback Energy from $252.00 to $232.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Morgan Stanley reduced their target price on Diamondback Energy from $227.00 to $206.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Wolfe Research raised shares of Diamondback Energy from a "peer perform" rating to an "outperform" rating and set a $190.00 target price for the company in a research note on Friday, January 3rd. Finally, UBS Group boosted their price target on shares of Diamondback Energy from $212.00 to $216.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Four 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $209.33.

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Diamondback Energy Trading Down 12.7 %

Shares of NASDAQ FANG traded down $17.91 during midday trading on Friday, hitting $123.37. The stock had a trading volume of 5,423,563 shares, compared to its average volume of 2,006,389. The company has a fifty day moving average price of $155.91 and a 200 day moving average price of $168.89. The company has a market capitalization of $35.71 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 1.24 and a beta of 1.44. Diamondback Energy, Inc. has a 1-year low of $123.15 and a 1-year high of $214.50. 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 (NASDAQ:FANG - Get Free Report) last issued its earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 33.64% and a return on equity of 13.68%. On average, analysts predict that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Thursday, March 6th. This is a positive change from Diamondback Energy's previous quarterly dividend of $0.90. Diamondback Energy's dividend payout ratio (DPR) is currently 25.32%.

Insiders Place Their Bets

In other Diamondback Energy news, Director Frank D. Tsuru acquired 2,000 shares of Diamondback Energy stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $156.51 per share, for a total transaction of $313,020.00. Following the transaction, the director now owns 5,730 shares in the company, valued at approximately $896,802.30. This trade represents a 53.62 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.48% of the stock is currently owned by insiders.

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.